Staking Explained Simply with ONINO
What Is Crypto Staking?
Crypto staking means locking up cryptocurrency to take part in validating transactions on a blockchain and earn rewards. In a proof-of-stake (PoS) system, validators stake coins to secure the network and confirm transactions. By staking, you support the network and receive extra tokens.
Delegated staking makes this as simple as it can get. Instead of running your own node, you delegate your tokens to a validator. You keep ownership, and you share in the validator’s rewards.
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⚙️ How ONINO Staking Works
Delegation and Validators
Validators put up at least 35,000 ONI to secure the chain. Holders can stake any amount by delegating to them through the ONINO wallet. Rewards are shared with delegators. At launch, validators are run by ONINO for stability, with community validators coming up later this year.
Before staking there are 3 important things to know:
1. KYC Requirement
To stake ONI, you must complete a one-time KYC which can be done in just a few minutes. KYC will be performed by SumSub, our trusted partner and leading provider for identification.
2. Boosted Rewards
Stakers can boost returns by locking tokens. Lock periods increase reward rates by up to 5×. When the lock ends, rewards return to normal unless you re-lock. Be aware that you can only lock rewards for as long as your chosen validator has locked his tokens.
3. Unstaking and Rewards
Unstaking takes two steps. First undelegate, then wait 7 days before withdrawing. During that time, tokens are not earning.
➤ Rewards can be claimed anytime without unstaking. You can also re-stake rewards to grow your balance automatically.
So now let’s look into the process for creating your first delegation:
Steps to Stake
- Add the ONINO Network to your wallet (
- Get ONI through migration or at the open market
- Navigate to https://wallet.onino.io and connect your wallet.
- Go to the Staking section.
- Select a validator from the dropdown.
- Enter the amount of $ONI you wish to stake.
- Confirm the disclaimer checkbox.
- Click “Stake Now”.
- If you haven’t completed the identity verification yet, a popup will disappear and guide you through the process. It takes less than two minutes! After this one-time verification, you can continue to stake.
⚠️ Be Aware
- Staked tokens can’t be used until you unstake. ONINO has a 7-day cooldown before tokens are released.
- Token values can fall during staking.
- Always stake only what you can afford to lock or lose!
Staking ONI helps secure ONINO’s blockchain and rewards participants. With delegated staking, KYC compliance, optional reward boosts, and clear rules for unstaking, ONINO makes staking accessible and transparent.
If you want to learn more about ONINO, read this article next “Beginner’s guide to ONI: From Wallet to Staking”