Tutorial

Band $BAND — Complete staking guide — Imperator.co

Discover how to stake $BAND tokens with Imperator.co on Sei network, leveraging Band Protocol's data oracle for enhanced blockchain security and rewards.

Author

Imperator

Date

10 oct. 2023

Band Protocol visual guide by Imperator.co, illustrating the process for staking $BAND tokens on the Sei network, utilizing Band's data oracle services for improved blockchain security and staking incentives.
Band Protocol visual guide by Imperator.co, illustrating the process for staking $BAND tokens on the Sei network, utilizing Band's data oracle services for improved blockchain security and staking incentives.
Band Protocol visual guide by Imperator.co, illustrating the process for staking $BAND tokens on the Sei network, utilizing Band's data oracle services for improved blockchain security and staking incentives.

Disclaimer: The information contained on this article and the resources available is not intended as, and shall not be understood or construed as, financial advice. Nothing available this page should be understood as a recommendation to buy something.

We are very excited to announce that Imperator.co is a validator on the Sei network!

This article aims to introduce Band, explain how to claim the airdrop and help you stake your $BAND tokens with a validator.

📌 What is Band?

Band Protocol is a cross-chain data oracle aggregating and connecting real-world data and APIs to smart contracts.

The protocol is built on top of BandChain, a Cosmos-SDK-based blockchain designed to be compatible with most smart contract and blockchain development frameworks.

💰 What does staking mean?

Staking is the process of locking up a digital asset to provide economic security for a public blockchain. You have the superpower to contribute to the network’s security and it grants you the right to vote on proposals and make decisions on the future of the blockchain.

When the staking transaction is complete, rewards will start to be generated immediately. At any time, stakers can send a transaction to claim their accumulated rewards.

Staking rewards are generated and distributed to staked holders in two ways:

  1. Through transaction fees collected by the network and distributed to stakers.

  2. Through the inflation rate, the total supply is inflated to reward stakers.

⚠️ Holders that do not stake do not receive rewards, meaning their capital gets diluted over time.

Staking is not risk-free. If a validator has downtime or underperforms, a percentage of tokens delegated to them may be forfeited. To mitigate these risks, it is recommended that holders delegate to multiple validators.

📚 How to stake $BAND?

Once you have some $BAND, you can now start staking your tokens with a validator.

You can easily stake your $BAND using https://www.cosmoscan.io/

Connect your Ledger hardware wallet :

Navigate to the validators page, research “imperator” and click on Imperator.co :

Then click on delegate and choose the amount you wish to delegate.

Now approve the transaction.

And it’s done! You are now staking with Imperator.co, congratulations! ****👏

Thank you very much for your support, we hope that this article was helpful. If it was the case, the best way to support us is by staking some of your tokens with Imperator.co. Thanks again and see you on our next article!

About Imperator.co

Imperator is a professional proof-of-stake validator, we provide a reliable infrastructure and support more than 40 blockchains with +80,000 delegators, with a focus on the Cosmos ecosystem.

If you want further information about Imperator.co, here are the useful links:

Website: https://imperator.co/

Twitter: https://twitter.com/imperator_co

Discord: https://discord.gg/bB8JnN7m9r

Telegram: https://t.me/+r0OjDg2Q4TIzODI8

See you very soon Cosmonaut! ⚛️

The Imperator team.

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Get started with staking

Dive into blockchain governance with Imperator. Join our staking program for up-to-the-minute updates and take an active role in shaping the future of decentralized finance.

Latest popular protocol

Subscribe to our newsletter

Stay ahead in the blockchain world with Imperator's newsletter. Get the latest updates, insights, and exclusive content delivered directly to your inbox.

Get started with staking

Dive into blockchain governance with Imperator. Join our staking program for up-to-the-minute updates and take an active role in shaping the future of decentralized finance.

Latest popular protocol

Subscribe to our newsletter

Stay ahead in the blockchain world with Imperator's newsletter. Get the latest updates, insights, and exclusive content delivered directly to your inbox.