FAQ
the frequency ask questions
1. How difference between staking and delegation?
Staking:
Staking refers to the process of actively participating in a proof-of-stake (PoS) blockchain network by locking up a certain amount of the native cryptocurrency (or token) as collateral to support network operations. This collateral is commonly known as a "stake." Validators, who are responsible for verifying and validating transactions on the network, are chosen to create new blocks and secure the network based on the amount of cryptocurrency they have staked. The more tokens a user stakes, the higher their chances of being selected as a validator and earning rewards in return for their service.
Delegation:
Delegation, on the other hand, is a process within a proof-of-stake blockchain where users (often referred to as delegators) can participate in the network's consensus mechanism without the need to run a validator node themselves. Instead of staking and maintaining their own validator, users can delegate their tokens to an existing validator on the network. By doing so, they entrust the chosen validator to represent their stake and perform network validation on their behalf.
| List | Staking | Delegation |
|---|---|---|
Action by | Validator | Deligator |
Definition | Staking refers to the process of actively participating in a proof-of-stake (PoS) blockchain network by locking up a certain amount of the native cryptocurrency (or token) as collateral to support network operations. | Delegation is a process within a proof-of-stake blockchain where users (often referred to as delegators) can participate in the network's consensus mechanism without the need to run a validator node themselves. |
Reward | Earn higher rewards based on the staking amount. | Receive rewards from validator of transaction prortionally. |
2. What is the Infrastructure fee?
The Infrastructure Fee is a fee collected from Validators participating in a Bitkub Chain network to use official nodes as collateral for their staked tokens. This fee is levied by the entity or organization responsible for maintaining the network's infrastructure, and it is often used to cover the costs associated with running and maintaining the official nodes that support the network's operations.
📍For Validator
1. How can I get the Validator ID?
The validator id is obtained by calling the StakeManager contract, then go to the Read Contract tab and getValidatorId() method.
2. Which coin is available to stake?
Bitkub Coin (KUB) is the native coin for Bitkub Chain.
📍For Delegator
1. I have completed my delegation, where can I check the details?
Once you have completed your delegation, wait for six block confirmations on Bitkub Chain (approx. 0.5 - 1 minute). Then on the Dashboard, you can click on My Delegation.
2. If I have earned rewards while delegating, and if I add additional funds to the same validator node, what happens?
If you have not withdrawn your rewards before delegating additional funds to the same validator node, your rewards will be withdrawn automatically.
3. What is the minimum delegate amount?
Minimum KUB delegating for the Delegator:
Official Pool: 1 KUB
Validator Pool: 100 KUB
4. Which wallets are currently supported?
Bitkub NEXT Wallet
Metamask
5. Are hardware wallets supported?
Yes, hardware wallets are supported. You can use the "Connect Hardware Wallet" option on MetaMask, connect your Hardware wallet, and then continue the delegation process.
6. I have completed my delegation, where can I check the details?
You can check your transactions on Bitkub Chain at https://bkcscan.com.
7. Can I delegate to any validator?
Yes, you can delegate an active validator on the delegator platform.
8. When does the reward get distributed?
KUB Coin is distributed proportionately on each successful checkpoint submission to each delegator based on their stake relative to the overall staking pool of all validators and delegators. Also, the percentage for the reward distributed to each delegator will vary with each checkpoint depending on the relative stake of the delegator, validator, and overall stake.
9. When can I claim the reward earned from delegating?
If the system checks that the reward after deducting the service fee is greater than the minimum reward, it can be claimed. You can claim your reward immediately by clicking on the Claim button. This will transfer the reward to your account.
Minimum reward claim:
Bitkub NEXT Wallet: 0.01 KUB
Metamask: 0.00000001 KUB
10. What is the potential loss for delegators?
The only risk for delegators is the loss of rewards when their staked validator is slashed or inactive. However, the delegator's KUB Coin will not be affected.
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