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 Polymesh (POLYX) 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 POLYX tokens to the MyCointainer node that stakes your coins on your behalf. Since MyCointainer node is actively staking new blocks on the Cudos 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 Polymesh wallet.
- Go to https://dashboard.polymesh.network/staking Tab.
- Click Stake button, choose address from which you would like to stake your coins.
- On next site please set staking value and look for 2EwgKqSEGReJTtFqjTcdW6eDffnYE4Gi6AErWrLTLgew663z (if you're not able to find this address please look for MyCointainer)
- After transactions confirmation you should start to earn first rewards after 24 to 48 hours, after this time you should be able to see info about actual staking provider on staking dashboard.