How to Stake on ChainX

ChainX
3 min readMar 19, 2020

--

PCX is the Token of ChainX. Besids PCX , there are Inter-chain asset of Bitcoin and Dot on Chain, which could participate in staking. Here is the guidance of how to stake on ChainX

Step 1. Install ChainX signer or ChainX extension

1) Open the ChainX wallet website :https://dapps.chainx.org

Switch the language in the bottom if needed.

2) Click to down load either signer or plug-ins

ChainX’s new wallet is in the form of Web Wallet + signer or plug-ins (chrome and edge plug-ins). Users can choose any way to use it.

Step 2 :Import or create a new account

Refresh your web and connnect to your extension or signer

Step 3:Use Your Wallet

1)PCX Staking

Enter in the staking

Choose the nodes you like and click Vote

2)BTC Staking

Enter in the Asset

Choose X-BTC to Deposit or L-BTC to lock

X-BTC is the on Chain Asset . Your Bitcoin will be lock on your wallet and Mapped by 1:1 as X-BTC on ChainX. X-BTC could be transffered on Chain.

L-BTC is the BTC locked in your own wallet, and can not be transffered on Chain.

X-BTC minning power is heavier than L-BTC

L-BTC is safer than X-BTC .

About ChainX

--

--

ChainX
ChainX

Written by ChainX

ChainX is a BTC Layer 2 solution compatible with EVM that utilizes Bitcoin as a gas fee, serving as the predecessor network of BEVM.

No responses yet