Tomochain Staking Guide
WHAT IS TOMOSAKE.COM?
TomoStake created to promote Tomochain's staking system & to host masternodes and voters.
WHAT IS TOMOCHAIN IN BRIEF?
Tomochain relies on a system of 150 Masternodes with Proof of Stake Voting (PoSV) consensus that can support near-zero fees and 2-second transaction confirmation times. Security, stability and chain finality are guaranteed via novel techniques such as double validation, staking via smartcontracts and “true” randomization processes. To learn more, kindly visit www.tomochain.com
WHAT IS GOAL OF TOMOSTAKE.COM?
TomoStake is democratic and generous platform. We collect TOMO coins from masternodes which are good at capacity and continuity to give great rewards to stakers. We use gains to promote their masternodes and Tomochain staking system. We promote TomoStake.com by advertising on Google, Telegram and some staking platforms. Also we don't use all gains for our system. TomoStake.com gives away some TOMO coin by doing
airdrop every month. Sometimes, masternodes can make airdrop too.
WHAT IS STAKING?
Staking Tomo simply stands for holding a cryptocurrency in masternode, then earning interest on it. The reward that one earns from staking varies depending on the length of the time that they hold it. The longer the stake duration, the higher the returns. You get your rewards every 30 minutes on Tomochain.
One of the main advantages of staking is that it eliminates the need to invest in expensive mining hardware. You just need to buy the coins and hold them in masternode. The next thing to do is to sit back and watch as your wallet balance grows in value. It’s quite an easy way to make money.
The other advantage of staking is that it gives you a guaranteed and predictable source of income. That’s because, the value of coin increases in predictable figures. It’s the same as putting money in a fixed account. You are always guaranteed of getting your money back.
HOW TO STAKE TOMO
STAKING WITH BROWSER
Choose your masternode from best tomochain masternodes (http://tomostake.com/#bestmn) and login your wallet from right top of page and stake your tomos to masternode.
STAKING WITH TOMOWALLET
1) Download TomoWallet to your iOS (https://apps.apple.com/us/app/tomo-wallet/id1436476145?) or Android (https://play.google.com/store/apps/details?id=com.tomochain.wallet) device.
2) Select TomoMaster located under Applications in your Tomo Wallet.
3) Check best masternodes list (http://tomostake.com/#bestmn).
4) Scroll through the list of Masternodes to find your best masternode.
5) Hit the Vote Button with the masternodes you've decided to stake in.
6) Enter the amount of Tomo you want to stake in the masternode and hit the continue button.
7) Slide the confirm button.
8 ) Done!
STAKING WITH LEDGER
There are 2 ways to staking with ledger.
First Way: Install TomoApp to your Ledger. Enter Tomochain Network with MyCrypto or MEW. You'll see an address; send your TOMOs to that address. Go to https://master.tomochain.com/ and vote your TOMOs to best tomochain masternodes (http://tomostake.com/#bestmn).
Second Way: Install TomoApp to your Ledger. Go to https://master.tomochain.com/ and login to your wallet. Send your TOMOs to address that appears under Account Information. Go back to https://master.tomochain.com/ and vote your TOMOs to best tomochain masternodes (http://tomostake.com/#bestmn).