Ontology Node Staking Guide
Receive ONT and Swap for ONG
Download ONTO and Create ONT ID Wallet
Download ONTO and click here to view the relevant guide. Skip these steps if you already have an ONT ID wallet.
Receive ONT and Swap for ONG
ONT and ONG are needed for participation in Ontology Node Staking. ONT can be staked to earn ONG. ONG is used to pay transaction fees for staking.
On the Assets page, click on “ONT” to open the ONT Asset page, then click on “Receive” to open the“Receive ONT” page. Click on “Copy” to copy the address or scan the QR code to send ONT to this address.
The way to receive ONG is the same as that of ONT.
Another way to get ONG is to swap ONT for ONG. On the ONT Asset page, click the “Swap” button in the top right corner. Then, enter 1–9 integral number you would like to swap. Finally, click “Swap Now” and enter your password and confirm to complete the process.
Create and Confirm Stake
Step 1: Select a Node
On the ONT Asset page, click on the bottom left corner to open the Node staking page.
To switch node, click on node name below “Current Node” to open Select node page. By default, node names are ordered by estimated APY. Click on “Sort” to switch to ordered by Total Stake amount. The 15 nodes with the highest total stake amount are Consensus nodes. “Consensus” is marked on the right side of these node names.
Step 2: Enter Stake Amount and Confirm Stake
On the Node staking page, enter stake ONT amount and click on “Stake now”. Click next to proceed. Then, enter your password and confirm to complete the process.
Claim ONG and Check My Stake
On the Node staking page, the current claimable ONG amount is displayed below “Claimable staking rewards”. Click on the“Claim” button on the bottom left corner to withdraw ONG.
Click on “My stake” on the top right corner to check the details of your stake. If created and confirmed in round “T” Cycle, the status of the stake will be “Processing” in round “T”, and “Staked” in round “T+1”, and start to generate ONG rewards.
Cancel Stake
Click on the the “Cancel stake” button on the “My stake” page to cancel staking.
If the stake status is processing, users will be able to withdraw staked ONT right away after the cancellation.
If the stake status is staked and the cancellation occurs in the round “T” Cycle, (1) staking on non-Consensus node, users will be able to withdraw ONT at the beginning of round “T+1”. (2) If staking on Consensus node, users will be able to withdraw ONT at the beginning of round “T+2”.
Download ONTO
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