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 Velas (VLX) 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 VLX tokens to the MyCointainer node that stakes your coins on your behalf. Since MyCointainer node is actively staking new blocks on the Velas 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 Velas Wallet.
- Click “Staking” on the left side menu, search for “mycointainer” node and click on it.
- Click “Stake” and enter the amount you wish to stake. (DON’T stake all your tokens, leave about 1 VLX for possible transaction fees.)
- Press “Next” and then “Confirm” to finish the process.
- Enjoy your rewards on cold staking!