hdac_rizon
Published in

hdac_rizon

How to Stake ATOLO with Citadel.one

Dear Rizonians,

RIZON Blockchain is a Digital Currency & Asset Hub in Cosmos Ecosystem. The modules supported in RIZON Blockchain allow decentralized governance and issuance of stablecoins.

In today’s article, RIZON would like to introduce how to stake $ATOLO via using Citadel.one App

To become a Rizonian, you need an address. An address that can store $ATOLO which is RIZON’s governance token. With $ATOLO, Rizonians can stake to secure the network and vote for proposals that have been submitted. In order to provide convenience, RIZON team is in service for the Key Generation. When generating address, make sure that Rizonians remember their own mnemonic. DO NOT SHARE TO ANYONE. (RIZON managers NEVER ask for mnemonic)

Stake Your $ATOLO with Citadel.one App

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 device, or import an address generated by another wallet. In this article we will use RIZON Key Generation and import to Citadel.one. You can access via URL below:

Key Generation: https://keygen.rizon.world/
Citadel.one App: https://app.citadel.one

To start, Rizonians need to log in or sign up in Citadel.one App. Feel free to log in with your favor.

Once you successfully log in Citadel.one App, creating one seed or importing existing address menu will be shown. In this article, we will assume that Rizonians have their own wallet address. Press ‘Import existing address’ to continue.

Select a suitable method to import an existing address. In this article, we will use seed-phrase method, which is the most common way to import your address.

In Citadel.one App, Rizonians must create a password to add more security to your address.

After creating the password, select RIZON network and enter seed-phrase to import your wallet.

After importing address, Rizonians will face to choose derivation path. Choose your derivation path that you would like to use. If you have one already using, choose the exact derivation path. When doing all the phase, Rizonians can use Citadel.one App!

When finishing all above, you can see the beautiful dashboard built by Citadel.one. In this article, we assume that Rizonians would like to stake their $ATOLO to secure the network. Select ‘Start Staking’ button to proceed staking.

Select validator that you would like to stake to. (We are choosing Citadel.one as recommended in the App) After selecting validator and by pressing ‘Stake’ button, there will be a fee of $ATOLO needed and the amount that Rizonian wish to stake. Enter your password and press ‘Confirm’ to generate transaction.

Now Rizonians can see which validator and amount of $ATOLO that they have staked. Now you can stake more, unstake, or redelegate to other validator.

Please Notice: Rizonians must acknowledge that the unstaking period is 21 days and the redelegation is possible once but must wait another 21 days to redelegate to other validator afterward. Also, gas fee is needed when sending transactions that Rizonians must have some amount of $ATOLO to trigger.

Rizonians can add network with their existing mnemonic to manage other Cosmos Blockchains with one seed phrase when using Citadel.one.

RIZON: Possibility to Reality

RIZON and its ecosystem is growing. To build infrastructure globally, all participants need to give ideas and propose. RIZON will continue to build the most powerful decentralized Digital currency and asset Hub and innovate Web3 applications.

About RIZON

RIZON Blockchain is a digital currency & asset hub that provides a platform where fiat currencies around the world can be securely issued in an enable businesses to interoperate with each other. RIZON Blockchain will enable interoperability between sovereign blockchain networks and allowing for an environment for these networks to utilize a vast pool of liquidity, providing that caters to the business needs of individual projects. RIZON Blockchain has strong network background and capable boosting the inflow of the ecosystem participants and the diversification of business.

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.

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.

Disclaimer

This is not financial advice. Staking, delegation, and cryptocurrencies involve a high degree of risk, and there is always the possibility of loss, including the failure of all staked digital assets. Additionally, delegators are at risk of slashing in case of security or liveness faults on some protocols. We advise you to do your due diligence before choosing a validator.

By reading this, on your own behalf or in the capacity as a duly authorized representative of an entity (in either capacity, as applicable, “you”) hereby represent, warrant and covenant, in each case, as applicable, to, and for the benefit of, HDAC Technology AG (“HDAC”) (each, a “Certification” and, collectively, the “Certifications”) that:

You neither are a citizen, resident nor tax resident of the United States of America (hereinafter referred to as the “U.S.”) nor otherwise constitute a “U.S. person” (as defined in Rule 902 of Regulation S under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”)), and you are not otherwise present or located in the U.S. on and as of the date hereof;

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store