Citadel.One Staking Guide: BAND Protocol ($BAND)
In today’s guide, we’ll be going over the process of staking BAND on Citadel.One to get even more BAND tokens as rewards.
Staking is defined as the locking up of some or all of a portion of a certain cryptocurrency to contribute to the network. In return for this locking up, a stakers will get rewarded in the tokens they staked. This makes staking a somewhat lucrative venture as it allows you to get paid for contributing to the network. Everybody wins!
BAND network is a popular blockchain network, and support for it was recently added to the Citadel.One platform. In this guide, let’s discuss how you can be rewarded for aiding the BAND network.
First, you would need to have created an account on the Citadel.One platform. If you haven’t created one so far, you can visit our guide on that here.
Once you have done that, you can proceed with the following steps.
Step 1: Select the “Add nodes” option to begin staking.
Step 2: Select a node from the list. If you don’t know who to stake with, you can stake with Citadel.One!
Step 3: Select the amount of BAND you wish to stake
Step 4: Validate the operation
Step 5: Your transaction is now completed and you have begun staking!
Our platform also allows you to view the nodes you have staked on, allowing the user to make quick decisions based on their needs.
About Citadel.one
Citadel.one is a non-custodial Proof-of-Stake platform for the management and storage of crypto assets. Users can create public addresses for all supported networks with one seed phrase, connect their Ledger or Trezor device, or import an address generated by another wallet.
The analytical dashboard provides relevant information on wallets’ balances and networks’ main metrics. In Citadel.one, we standardize the semantics, making interactions with the platform as easy as possible. The same goes for network metrics. By using universal terms, we are making it easier for users to understand and compare networks.
One of the main functions of the Citadel.one platform is participation in the PoS consensus — users can stake and delegate their assets, claim rewards, and follow the latest network proposals in the voting tab.
Citadel.one offers its users instant cryptocurrency exchange services that allow fast and secure crypto assets swap. It is also possible to buy and sell crypto with a credit or debit card. Citadel.one users can track rewards, withdrawals, transfers, and deposits across all supported networks and add comments to these transactions.
Among PoS platforms, Citadel.one supports Secret Network ($SCRT), Cosmos ($ATOM), ICON ($ICX), IOST, Orbs, and Tezos ($XTZ). We also support Ethereum, Bitcoin, and Tether ($USDT) for our users’ convenience. Mobile and desktop versions, new networks, including Polkadot and Ontology, are scheduled for the upcoming updates. Furthermore, delving into the idea of true decentralization, we envision Citadel.one a decentralized autonomous organization and a genuinely community-owned platform in the nearest future.
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