Staking VSYS using Bloq’s supernode is a straightforward process. Here’s a quick tutorial.
Step 1: Set up your own VSYS wallet to store your tokens. The V-Systems VSYS cold wallet is likely the best approach. The cold wallet is a desktop wallet that is easy-to-use and more secure than web wallet alternatives. You can download the cold wallet and find a list of all VSYS wallets here.
Once the wallet APK is downloaded, follow the instructions for installation and setup. Make sure to secure your private keys when prompted and store them securely. Do not lose your private key!
Step 2: Once your cold wallet is set up, obtain VSYS tokens and send them to your wallet’s address.
Step 3: Once you’ve acquired the VSYS you’d like to stake, select the “Minting Function.”
Step 4: Click “confirm,” and you’re all set. No further action is required. Rewards (if earned) are paid out automatically each week. Bloq’s supernode carries a 20% fee on user rewards to account for operational costs including hardware, security, and regular maintenance. This is the standard fee that most other supernodes employ.