A Brief Guide On How to Stake COSMOS (ATOM)
COSMOS
Cosmos is a fast-growing ecosystem of interconnected blockchains created with developer-friendly application components and linked by the groundbreaking IBC (Inter-Blockchain Communication) protocol.
Binance Chain, Terra, Crypto.org, and Cosmos Hub are among the more than 265 apps and services in the Cosmos network, which manages over $140 billion in digital assets.
ATOM
The ATOM token is the Cosmos Hub’s native token. The Cosmos Hub receives transaction fees and Proof of Stake rewards in exchange for securing the Hub’s services by staking ATOM.
With the addition of new services like the interchain decentralized exchange (Gravity DEX) and Interchain Staking, which will allow staked ATOM to secure other blockchains in the ecosystem, these incentives are expected to skyrocket.
Where can we buy the ATOM token?
- Binance (CEX)
- Coinbase(CEX)
- Junoswap (DEX)
- Kucoin (CEX)
- Osmosis DEX
- Kraken (CEX)
- Wazirx (CEX)
- FTX (CEX)
- Liquid (CEX)
- Crypto.com (CEX)
How to Stake ATOM Token?
After buying on the exchange you need to transfer those ATOM Tokens to a self-custodial wallet to stake.
- Self custodial wallets (most popular One’s)
After you transfer your assets to your new wallet, open smartnodes.one to stake your ATOM Tokens.
Step 1 — Go to the delegate section and find the COSMOS HUB (ATOM), Click on the delegate.
Step 2- Click on Delegate again.
Step 3 -Connect your Keplr wallet.
Step 4- Select Keplr-Click Next- Click Approve.
Step 5- Input account name, make sure COSMOS is selected in Import addresses for the chain. Click Next.
Step 6- Confirm, check your address is correctly added, and click on save.
Step 7-You have successfully imported your ATOM tokens into Smartnodes.one
Next, click Delegate to proceed into the staking.
Step 8- Now select validator, input the amount you want to stake, Fill the gas fee as 800, select Keplr wallet, and click on Send.
Step 9- Approve the transaction in Keplr pop-up window.
Step 10- Congratulations, You have successfully staked your ATOM tokens with Smartnodes ( You can also see your asset allocation, rewards, and balance).
About Smartnodes
- Smartnodes Validator is a Proof of Stake service which offers 100% Slash and Double Sign Refund Protection.
- We are highly active in the cosmos and lend support where we can. We are community-driven. Smartnodes validator actively Votes on proposals to help ensure proper governance.
- The Infrastructure used by Smartnodes is only the Best of the Best with 10 Layers of security in place to protect your assets.
- We are currently offering Proof of Stake services ( POS ) on 33 cryptocurrency chains and growing, check out our website for our Validator nodes. Smartnodes.one
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