MyCointainer continues to innovate various staking services for our users. Hence, we are pleased to announce the integration of the cold staking system of the BitSong (BTSG) as added approach to earn passive income. We believe this is another step towards development and improves the quality of service, comfort, transparency and security of your funds.
With Cold Staking, you delegate your BTSG tokens to the MyCointainer node that stakes your coins on your behalf. Since MyCointainer node is actively staking new blocks on the BitSong blockchain, Cold Staking offers the same network security benefits as a regular staking and therefore the same rewards.
The advantage of cold staking is that you are still in control of the coins you own, and that your rewards will be retained in your safekeeping. MyCointainer node cannot access your funds and will not have any portion of your stake rewards.
Validator Node Address
- Sign in to your BitSong Wallet by Keplr.
- Click on the “Validators” in the side menu.
- Choose the MyCointainer Validator and click the “Delegate” button.
- Enter the amount that you wish to stake and click the“Delegate” button.
- Confirm your transaction on Keplr and that’s it!
- Enjoy your rewards on cold staking!
Always leave a small amount of BTSG tokens in your unstaked balance to cover possible fees.