3 min read

TRON Ecosystem — How To Stake $TRX Tokens With Luganodes

How To Stake $TRX Tokens With Luganodes

Cover Image

Published on

22 Sep, 2022

Introduction:

TRON is a decentralized blockchain-based operating system which was founded by The Tron Foundation in 2017. Initially released on Ethereum as ERC-20-based tokens, TRX tokens were eventually transferred to their own network.

Tron blockchain is powered by its native TRX token.

In this guide, we’ll show you how to delegate your TRX tokens with Luganodes and start earning ~4% in a few simple steps.

Validator Details:

Validator Name: Luganodes

Wallet Address: TGyrSc9ZmTdbYziuk1SKEmdtCdETafewJ9

Blockexplorer Link: https://tronscan.org/#/address/TGyrSc9ZmTdbYziuk1SKEmdtCdETafewJ9

Unbonding time:

  • Unbonding period is a timeframe in which the funds are locked when you unstake
  • The unbonding period on Tron is 3 days.

Step-by-Step Staking Guide:

  • TronScan — Go to TronScan’s Representative’s page.

Tron_1.webp

  • Connect wallet — Link your wallet via the “Connect wallet” button at the top right of the screen.

Tron_2.webp

  • Vote access — Click the black “Vote” button

Tron_3.webp

Tron_4.webp

  • APR — Click at the top of the “APR” column.
  • Tron Power — Before being able to vote for Luganodes, you will need to freeze (stake) your TRX tokens for 3 days. Frozen TRX tokens equate to Tron Power (voting power). Click “Obtain TRON Power” on the dashboard. This will provide an option to freeze your TRX holdings. Enter the amount you wish to stake and confirm the transaction in your TronScan wallet.

Tron_5.webp

Tron_6.webp

  • Voting — After your TRX tokens have been frozen for 3 days, head over to the “Vote” tab and distribute your TRX voting tokens to Luganodes. Enter the amount of tokens you want to contribute and click “Vote”. Confirm the transaction in your TronScan digital wallet. Don’t worry about bandwidth points or energy at this point: these are to do with paying for transactions or other network activity.

Tron_7.webp

Tron_8.webp

  • Rewards — To claim your rewards, distributed by Luganodes, click on “Personal Assets”.

Tron_9.webp

  • **Claim **— Click the button that says “Claim Reward”. Your reward will then be credited to your wallet. Your available TRX balance and frozen (staked) TRX balance will be visible in your TronScan wallet.

Step-by-Step Unstaking Guide:

Note* You can access your TRON LINK wallet through Android/IOS app for a smooth and easy unstaking/ staking experience

  • Tap on Stake

Tron_10.webp

Step 2— Tap on Unstaking

Tron_11.webp

Step 3— Confirm the transaction

  • Tap on Bandwidth and Confirm

Tron_12.webp

  • Tap on Confirm

Tron_14.webp

  • Enter your password and confirm

Tron_15.webp

  • You have successfully unstaked your TRX tokens

Tron_16.webp

About Luganodes

Luganodes is a world-class, Swiss-operated, non-custodial blockchain infrastructure provider that has rapidly gained recognition in the industry for offering institutional-grade services. It was born out of the Lugano Plan B Program, an initiative driven by Tether and the City of Lugano. Luganodes maintains an exceptional 99.9% uptime with round-the-clock monitoring by SRE experts. With support for 36+ PoS networks, it ranks among the top validators on Polygon, Polkadot, Sui, and Tron. Luganodes prioritizes security and compliance, holding the distinction of being one of the first staking providers to adhere to all SOC 2 Type II, GDPR, and ISO 27001 standards as well as offering Chainproof insurance to institutional clients.

Staking Guides

Blog thumbnail
Dymension — Delegate $DYM Tokens with Luganodes for RewardsDive into the world of Dymension, a network famed for its modular blockchains called RollApps, and discover how to leverage your $DYM tokens for rewards. This guide provides a step-by-step process for delegating your $DYM tokens with Luganodes, a trusted validator within the Dymension ecosystem. By following these simple instructions, you can start earning rewards and contribute to the security and efficiency of the network. Unlock the full potential of your $DYM tokens by staking with Luganodes today.
13 Feb, 2024

2 min read

Blog thumbnail
Persistence — How to Stake $XPRT Tokens with LuganodesPersistence is an innovative Layer-1 blockchain designed to facilitate a range of financial products and services. It's known for its robust ecosystem that includes NFT marketplaces, liquid staking, and DeFi solutions. This guide will provide you with clear instructions on how to delegate your $XPRT tokens with Luganodes. By staking your $XPRT tokens, you can earn rewards and become an integral part of the thriving Persistence community. Follow these simple steps to start staking your $XPRT tokens and explore the diverse opportunities within the Persistence network.
14 Jan, 2024

2 min read

Subscribe to get our latest updates!

New products & networks supported, staking research, blog updates, and exclusive offers directly in your inbox.

By subscribing, I accept the privacy policy.
Line pattern
© 2024 Luganodes | All rights reserved