Token Staking Dashboard
Last updated
Last updated
Staking is a process where you lock up your cryptocurrency assets to contribute to the smooth functioning and growth of a network. In exchange for staking your crypto, you receive additional tokens as rewards.
KryptoPips offers a user-friendly and transparent approach where users of the platform have the flexibility to claim rewards or unstake tokens at any time. The entire staking mechanism is facilitated by a smart contract, ensuring the safety and integrity of your tokens until you decide to withdraw them. By participating in KTP staking, you can grow your cryptocurrency holdings and actively contribute to the growth and sustainability of the KryptoPips ecosystem.
Our Token Staking Dashboard is a comprehensive tool that enables users to easily manage their KTP staking activities. With a user-friendly interface, users can view their staking statistics, stake or unstake KTP tokens, and claim their earned rewards. The dashboard provides a seamless experience for users to actively participate in the KryptoPips ecosystem, earn attractive rewards, and make informed decisions based on their goals.
It serves as a central hub for users to optimize their staking journey and engage with the platform effectively.
To stake KTP tokens, navigate to the "Stake" tab within the staking module. Enter the desired amount of tokens you wish to stake and click the "Stake" button. If you do not see the "Stake" button, you will first need to grant access to your wallet KTP balance.
Once you click on "Stake", a transaction confirmation window will appear, allowing you to review the details. If the window doesn't appear, please troubleshoot by checking your MetaMask app. Upon clicking "Confirm," the transaction will be sent to the blockchain network for processing.
If you haven't granted access to the KTP tokens in your wallet, you'll be prompted to do so. This additional transaction is necessary before you can proceed with the staking process. In that case, there will be 2 transactions to confirm. First, you will have to grant access by clicking on "Access KTP". Once that is confirmed, then you may proceed to execute the staking.
When authorizing access to your KTP tokens in the MetaMask wallet app, you will be prompted to specify the amount you wish to grant access for. If you prefer manual approval each time, enter the exact stake amount. Alternatively, selecting "Use default" provides unlimited access, saving on gas fees by avoiding repeated approvals in the future. You can learn more about token approvals here.
To retrieve your previously staked tokens, you can initiate the unstaking process. Within the staking module, navigate to the "Unstake" tab. Enter the desired amount of tokens you wish to unstake, then click the "Unstake" button. Confirm the transaction in your MetaMask wallet to proceed with the unstaking.
Once the transaction is approved, the unstaked tokens will be reflected in your wallet balance. You can view this update either in the staking dashboard or directly in your MetaMask wallet.
To collect your earned rewards, access the "Rewards" tab within the staking module. You should see the KTP rewards you have available for claiming. Click the "Claim" button and confirm the transaction using your MetaMask wallet. After approving the transaction, you will observe the rewards being added to your wallet balance, which can be viewed either in the staking dashboard or directly in your MetaMask wallet.
