Stake Your Tezos with Figment Networks!

Graham Smith
Figment
Published in
2 min readOct 19, 2018

Fresh from the oven, an abundance of Tezos rewards!

We’re thrilled at Figment to announce the launch of our Tezos staking platform. For months, we’ve been building and testing our enterprise-level infrastructure for Tezos staking. After baking many cycles with our private investments, we’re excited to open this platform to the public.

A Secure Way to Delegate

Our staking infrastructure is built from the ground up with security and reliability in mind. We have a strict set of Standard Operating Procedures that we follow and perform regular audits of our technology stack and facilities.

We take security seriously so you can delegate with ease and peace of mind.

Beyond Tezos, we also provide access to a growing portfolio of new and groundbreaking digital assets. We perform the research and due diligence to ensure the quality and sustainability of the underlying assets, and to continually build the right infrastructure that makes participating in these assets simple.

Technology Enabled Platform for Added Transparency and Scaling

We strongly believe in business transparency. That is why we invest in technology solutions that allow our delegators to have a full 360 view into their staking balance and future rewards. At any time, you can enter your delegation address to check your past transactions and rewards along with projected future rewards.

https://figment.network/tezos/bakery

In addition to surfacing full transaction histories to our delegators, we have also built a secure and automated payout distribution system. We believe in a fast and effective way to distribute rewards to our delegators. Manual payout systems employed by other delegates are both error-prone and slow, sometimes delaying reward payments by weeks. We feel this is simply unacceptable. At Figment, we get paid together.

What is Tezos?

Tezos is a new Proof of Stake blockchain that can evolve by upgrading itself. Stakeholders vote on amendments to the protocol, including amendments to the voting procedure itself, to reach social consensus on proposals. Tezos supports smart contracts and offers a platform to build decentralized applications. By staking in Tezos, you earn rewards in the form of Tezos tokens.

How do I delegate to Figment?

We make delegating easy (and anonymous!). Our delegate address is:

tz1Scdr2HsZiQjc7bHMeBbmDRXYVvdhjJbBh

Want to learn more about delegating? Simply follow these steps here: https://figment.network/tezos/bakery#delegation

Can I delegate other tokens to Figment?

We will provide secure delegation services for Cosmos as well. Subscribe to our newsletter to be updated on the latest crypto research and launch of new delegation services. If you’d like to learn more about the Figment Networks Baker and our unique approach, please email at contact@figment.network and join our Discord.

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