Announcing Public Launch of Staking on Curio Parachain for all CGT Holders

Starting July 12th, СurioDAO offers staking to all users who have CGT on Curio Parachain. Although CGT can be received as rewards (airdrop), CurioDAO plans to integrate a third-party bridge for the exchange of CGT between Ethereum and the Curio Parachain in the near future. A user of a CGT on the Curio Parachain wallet is eligible to stake as a nominator and receive a CGT reward on the Curio Parachain network.

It is desirable to have a stake of more than 5,000 CGTs on the Curio Parachain in order to be nominated, however, you may participate with any number of CGTs. Staking involves selecting a validator to whom we would like to nominate and executing a stake transaction with a CGT block. It is possible to unlock funds for transfer after 28 days following termination of participation as a nominator in the staking process. The gas fees for transactions on the Curio Parachain network are very low and are paid in CGT tokens.

Staking APY regarding individual validators can be seen here: https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fparachain.curioinvest.com#/staking/targets

Here is how to connect / create a wallet on Curio Parachain: https://wiki.parachain.curioinvest.com/guides/how-to-create-and-connect-the-wallet-to-curio-parachain

The following is a guide to staking as a Nominator: https://wiki.parachain.curioinvest.com/guides/how-to-stake-on-curio-parachain-as-nominator

Here is information about staking on Curio Parachain: https://wiki.parachain.curioinvest.com/learn/staking-on-curio-parachain

Snapshot of ERC-20 CGT holders and distribution of rewards for them on Curio Parachain

On July 12, CurioDAO snapshots CGT holders on Ethereum and distributes CGT on Curio Parachain to those users who passed KYC on CurioInvest (https://curioinvest.com/register) and linked Parachain wallet and Ethereum wallet.

You need to have a minimum amount of 1000 ERC-20 CGT on the Ethereum wallet that you specified when passing CurioInvest KYC. All members with 1000 CGT+ will get 10% of ERC-20 CGT amount on Curio Parachain and can start staking on Curio Parachain. For example, holding 2000 ERC-20 CGT on the Ethereum wallet, which is listed in the CurioInvest account, you can get 200 CGT on the Curio Parachain network to the wallet indicated on CurioInvest in the account.

Running staking for validators on Curio Parachain

The validator node allows you to participate in staking on Curio Parachain on a larger scale, but it also requires technical knowledge to set up and maintain the autonomy of the node on the server. To participate in validator staking, it is desirable to have more than 25,000 CGTs in stake on Curio Parachain in order to successfully compete with other validators. Among the advantages of the validator: you can attract stake nominators and receive your set fee percentage for your successful work as a nominator. Of the minuses: for non-autonomous operation of the node, slashes are provided for the stake validator and its nominators.

Find out guides for advanced users on configuring and running our Curio Parachain validator node below.

Parachain wallet connecting guide: https://wiki.parachain.curioinvest.com/guides/how-to-create-and-connect-the-wallet-to-curio-parachain

Setup validator guide: https://wiki.parachain.curioinvest.com/guides/how-to-become-a-validator-of-curio-parachain

Learn more

Curio Parachain App: https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Fparachain.curioinvest.com#/staking

Curio Parachain Telemetry: https://telemetry.polkadot.io/#list/Curio

Learn staking on Curio Parachain: https://wiki.parachain.curioinvest.com/learn/staking-on-curio-parachain

Curio Parachain on Kusama about page: https://capitaldex.exchange/#/kusama-slot

For more information, please visit:

CurioInvest Website I CapitalDex I Twitter I YouTube I Telegram I GitHub I Blog I Bitcointalk I ANN Thread I Investors & Media

___________________________________________________________________

Disclaimer

Certain information contained here has been obtained from third-party sources, including from the protocol on which tech is built. While taken from sources believed to be reliable, CurioDAO has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.

In addition, this content may include third-party entities; CurioDAO has not reviewed such advertisements and does not endorse any advertising content contained therein.

This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in any instrument related to CurioDAO. Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by CurioDAO, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results.

Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see http://capitaldex.exchange/ for additional important information.

--

--

--

CurioDAO — powered by tokenized real-world assets. Invest, collect, swap, earn, stake, and more within the DeFi ecosystem.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

OVERVIEW & BACKGROUND

The $CIV Foundation — DRAFT

Scorefam: The Earning Space for Crypto & Sports Lovers

5 Companies using blockchain to change the property industry

An Interview with the EIPlatform Founders – Yury Mertsalov and Sergey Nevodnichiy

Blockstack x Satoshi Club AMA Recap from May 26

Project Y Pool 2 Farming Guide + Video Guides

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
CurioDAO

CurioDAO

CurioDAO — powered by tokenized real-world assets. Invest, collect, swap, earn, stake, and more within the DeFi ecosystem.

More from Medium

Weekly Development Update 38

An Introduction to the Saber Wars

The uniqueness of $SOXS Tokens to Increase Revenue and Value for Each User

Shell Social at ETHDenver 2022