MEET.ONE 2.6.0 now fully supports Cosmos. Cosmos uses the “Voting Bonus Mechanism” to encourage users to stake (delegate) their ATOMs and vote for validators. All voters will receive bonuses corresponding to the number of votes they cast. Due to the high rewards are given out by Cosmos, if long-term ATOM holders don’t stake and vote, their assets will relatively shrink.
- Open the MEET.ONE wallet, log in to your Cosmos account, tap “Stake”
2.You can see information about different validators such as their yield rate and amount of votes they have etc. You can also directly search for a validator that you like, such as MEET.ONE and vote! :)
2. Input the amount of the ATOM that you want to stake and then vote.
Things to know about voting on Cosmos
- It takes 21 days to unstake your ATOMs.
- Currently, the highest rate that validators are paying is hovering at around 9%-11%. However, There must be some penalty imposed on the validators for any intentional or unintentional deviation from the sanctioned protocol. Some evidence is immediately admissible, such as a double-sign at the same height and round, or a violation of “prevote-the-lock” (a rule of the Tendermint consensus protocol). Such evidence will result in the validator losing its good standing and its bonded atoms as well its proportionate share of tokens in the reserve pool — collectively called its “stake” — will get slashed. Since the voter would be penalized along with the “misbehaves” validator, it would be smart to vote for technically solid and reliable validators.
Download MEET.ONE wallet: https://meet.one/download