How to stake ATOLO & participate in governance with Keplr Wallet on Omniflix
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 team would like to introduce how to stake $ATOLO via using Keplr Wallet and Omniflix. BTW, $ATOLO is a native token in RIZON Blockchain.
It gives holders right to participate in all levels of protocol governance that can have an impact on the operation of the network. Which means RIZON Blockchain is strictly governed by the community ass a decentralized network.
Stake Your $ATOLO with Keplr Wallet on Omnifllix
To delegate or stake your $ATOLO, you first need is a wallet and a dashboard that you can check visually. In this article we will use Keplr Wallet and Omniflix dashboard. You can access via URL below:
To start, select ‘Connect’ button on the right of the top menu in Omniflix dashboard. If you have a Keplr Wallet, it will show ‘Requesting Connection’ requesting to approve the RIZON blockchain connection. Select ‘approve’ button to continue.
(If you don’t have Keplr Wallet, install via google chrome extension.)
Once you have successfully made connection, the dashboard will show your Available Tokens, Staked Tokens, Rewards, and Unstaked Tokens. If it does not show the right one, refresh the page or check your address if you have connected with right address.
If you managed with the connection, select ‘stake’ to start staking your $ATOLO. There will be a list off all validators that are securing RIZON Blockchain. Scroll through the list and find the validator that you can trust.
If you have chosen your validator, select ‘delegate’. Pop-up will be shown. Fill out the number of assets that you would like to delegate and select ‘delegate’ to continue.
The Keplr wallet will automatically open itself to decide gas fee and memo if you need. If you have set right, check the details of the transaction, and select ‘Approve’ to delegate.
Please Notice: In RIZON Blockchain, undelegation period takes 21 days. Also, gas fee is needed when sending transactions. So, leave amount that you can trigger.
*UPDATED with How to participate in governance using Omniflix & Keplr Wallet
Governance Proposal
RIZON Blockchain is also collaborating with OmniFlix, a collaborative interface for blockchain networks and Keplr, a browser extension wallet for the Inter blockchain ecosystem. $ATOLO stakeholders can vote on the governance proposal using the OmniFlix dashboard and Keplr wallet.
The tutorial will explain how $ATOLO stakeholders use Omniflix and Keplr to participate in governance proposals.
To begin, go to https://omniflix.rizon.world/ and connect your Kepr wallet in the upper right corner.
Once you click the connect button, your address will appear in the top right corner; make sure your Keplr wallet is logged in before you connect.
Now choose the “Proposals” section on the top of the page and select the proposal #.
Select your opinion in the box and click the “Confirm” button for the next level.
Choose the transaction fees to approve the voting transaction.
After clicking the “Approve” button on Keplr wallet, the OmniFlix dashboard pops up the message with your transaction hash. You have successfully participated in the governance proposal.
Participation is key for the success of project.
Take an active role in government!
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.
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.
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