The complete Staking Guide

Nerves Foundation

Published in

Nerves Foundation

3 min readOct 27, 2018

Detail of Nerves Staking Program

Starting time of Stake: 00:00 UTC, 29th October, 2018 (do not deposit before Staking time)

Prepare (Metamask)

First you need to learn how to use Metamask, there are 2 tutorial videos below which you can refer to:
https://www.youtube.com/watch?v=2YeyTF5lalE
https://www.cryptocompare.com/wallets/guides/how-to-use-metamask/
Add your NER wallet into Metamask.

Conducting Staking

1. Approve

Connect Nerves Token Smartcontract to your wallet via Metamask:

Follow this link to connect directly to the Nerves Token Smartcontract (not Staking Smartcontract): https://etherscan.io/address/0xee5dfb5ddd54ea2fb93b796a8a1b83c3fe38e0e6#writeContract
Click on “Connect with Metamask” and hit “Ok” after that to directly connect Smartcontract to Metamask.

After successfully connecting Smartcontract to your wallet via Metamask, on the Smartcontract interface, scroll down to “1. Approve” section.

In the “spender” field, enter the address of Smartcontract Staking: 0x3f45Bd50104E9782d3D22986ef4a231Fb87e99c8

In the “value” field, enter the amount you want to stake

Notice:
- You must add 18 more 0 behind (because NER token has decimals of 18)
For instance you want to staking 50,000 NER then you have to fill 50000000000000000000000
- The amount of staking must be greater than 50,000 NER

Then click “Write” and hit “Confirm”. Wait until the command is Confirmed.

2. Deposit

Connect Staking Smartcontract to your wallet via Metamask.

Follow this link to connect directly to the Staking Smartcontract (not Nerves Token Smartcontract): https://etherscan.io/address/0x3f45bd50104e9782d3d22986ef4a231fb87e99c8#writeContract
Click on “Connect with Metamask” and hit “Ok” after that to directly connect Smartcontract to Metamask.

On the interface of Smartcontract, scroll down to “6. Deposit” section. Here’s how you can deposit the NER token for staking

In the “value” field, enter the amount you want to stake

Notice:
- This amount must be the same as the amount you have filled in the Approve section above
- You must add 18 more 0 behind (because NER token has decimals of 18)

Then click “Write” and hit “Confirm”. Wait until the command is Confirmed.

So congratulation, now you’re done with Staking.

Functions

1. Check info

Go to the link: https://etherscan.io/address/0x3f45bd50104e9782d3d22986ef4a231fb87e99c8#writeContract

Scroll down to “9. Users” section.

At the input you enter the wallet address where you made the staking

Then click “Query”. Parameters on the staking of the wallet will be displayed.

2. Withdraw

After connecting Staking Smartcontract to your wallet via Metamask
On the interface of Smartcontract, scroll down to “1. WithdrawTokens” section

In the “value” field, enter the number of tokens you want to withdraw

Notice:
- Only withdraw after 4 weeks from the time you make the deposit
- You must add 18 more 0 behind (because NER token has decimals of 18)
- The amount of withdrawal must not exceed “Amount” (You can check out the amount at the “1. Check info” section)

Then click “Write” and hit “Confirm”. Wait until the command is Confirmed.