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How to Stake with Cosmostation Wallet

Dear Rizonians,

RIZON Blockchain aims to provide a platform where developers and users both build new web3 services and rebuild the traditional world using advanced blockchain technology. For the $ATOLO holders, we would like to give you tips to participate the governance functions such as staking and voting.

RIZON has its first proposal, proposal # 1 magnus upgrade on March 9. As many validators already have voted to this proposal, the voting process is successfully in progress. RIZON deeply appreciates to those who have participated in this proposal.

The articles will be categorized into two sections:

1) How to Stake and Vote via Cosmostation’s mobile wallet

2) How to Vote for Governance Proposals through Onmliflix and Keplr.

Cosmostation Mobile wallet

Delegation

In order to participate in the voting process, the user must first delegate the $ATOLO token. It is demonstrating its ability to earn your voting rights in the RIZON Network.

In the Cosmostation mobile wallet, “click” on the “Delegate” button to choose the validator.

If you choose the validators in list, you are moving forward to validator details section.

Press the “Delegate” button to confirm your validator.

Now you insert the amount of $ATOLO that you want to delegate.

Insert a memo if you want, but you do not need it in this delegation. So just leave it blank.

You can select transaction fees.

When you press the “confirm” button, you are almost there.

You will see the Delegate notice and continue to press “continue”.

Finally, you enter the PIN for the delegation.

You will have a transaction details page that shows you have delegated $ATOLO.

Now you have earned voting power as reflected by your staking amount in the total staking amount, which is how much you can impact on governance proposals.

  • Please Notice: In RIZON Blockchain, undelegation period takes 21 days. Also, gas fee is needed when sending transactions

Governance Proposal

Governance in the Hubs is becoming a fundamental part of the project’s overall evolution: it is possible to upgrade, pay a team with tokens from the Community Pool to create unique tools, and much more through voting.

Not only governance participation is important for the project, it also empowers the community to govern the development of the RIZON ecosystem, which is blockchain’s fundamental principle of decentralizing.

Voting with the Cosmostation mobile wallet is simple and user-friendly.

First, go to the Cosmostation mobile wallet main page and click “Governance.”

Select the proposal from the proposal list.

Once you have chosen the proposal, you will see the proposal details on the page and click the “vote” button to move forward.

Select your opinion.

Insert a memo if the protocol gives specific directions in the guide. If not, just leave it blank.

You can select transaction fees and click “Next.” On this page you can also check the estimated gas amount for the transaction.

When you press the “confirm” button, you are almost there.

Enter your PIN for the transaction.

Finally, you have used your right to vote.

If you want to double-check your transaction, go to MintScan(https://www.mintscan.io/RIZON) and look at the transaction hash.

Cosmostation Web wallet

Delegation

In order to participate in the voting process, the user must first delegate the $ATOLO token. It is demonstrating its ability to earn your voting rights in the RIZON Network using Cosmostation’s Web wallet.

First, connect your wallet to start

You can select the connection method which wallet you wish to use. For this tutorial, we have used Keystation.

Choose your wallet name and create one or, suppose you have a existing wallet, click “Import wallet”

To import existing wallet, you must input Mnemonics of your existing wallet.

Please set and confirm your PIN to setup the Keystation.

Confirm the mnemoic phrase by copying and pasting.

Please note that, Keystation requires you to save the password. Otherwise, the transaction will not be executed.

Enter the password you previously set.

Now you can see the dashboard of Cosmostation. Click on “Delegate” to continue.

Choose the validators you wish to delegate in the list

Input the $ATOLO amount you wish to delegate.

*Note: In RIZON Blockchain, undelegation period takes 21 days. Also, some gas fee is needed when sending transactions

Click the “Allow” button on the key station and enter your PIN to sign.

Now, you have finished delegation and if you wish to double check the transaction, go to MintScan(https://www.mintscan.io/RIZON) and look at the transaction hash.

Note: In RIZON Blockchain, undelegation period takes 21 days. Also, some gas fee is needed when sending transactions

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.

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;

Official Channels
Hdac technology Website | https://www.hdactech.com
Rizon Website | https://rizon.world/
Medium(Global) | https://medium.com/hdac
Medium(Korean) | https://medium.com/hdackorea
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Youtube | https://www.youtube.com/channel/UCGQXVXTs7RllAirD3YjjZIQ

Official Communities
Global(Eco-system) | https://discord.gg/DvZFA7mpuX
Global(Newsroom) | https://t.me/rizon_atolo_news_en
Global(Community) | https://t.me/rizon_atolo_eng
Korean(공지) | https://t.me/rizon_atolo_news_kr
Korean(소통) | https://t.me/rizon_atolo_kor

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Possibility to Reality

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RIZON & ATOLO

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