How to Stake
Enterprise TON Staking with Pier Two
TON (The Open Network) is a decentralised and open internet platform focused on achieving widespread cross-chain interoperability, while operating in a highly scalable secure framework. TON is designed to process millions of transactions per second (TPS). TON is made up of several components connected together to form the greater TON Ecosystem, including TON Blockchain the core protocol, TON DNS, TON Storage, and TON Sites. Approximately USD$3.745 billion worth of TON is staked on The Open Network.
Rates
- Staking Rate4.72%
- SlashingPartial loss of Stake
- Reward Frequency1 validation cycle (~36 hours)
- Withdrawal Time1 validation cycle (~36 hours)
How to Stake
Toncoin’s TON
Staking TON with Pier Two is straightforward, especially when using wallet providers like MyTonWallet or your preferred custodian. TON staking varies based on the amount staked, so Pier Two operates multiple validator environments to accommodate different user needs. Pier Two will provide access to the appropriate staking pool, and delegation occurs through the custodian or wallet, by clicking "Add Stake" to generate the transaction details. The minimum required TON is sent to the designated staking address, with "d" included in the memo field. The staking state consists of four phases; Election: when stake must be committed, Buffer: where validators are selected based on the staking amounts committed during the election phase, Validation: Elected validators will participate in proposing and voting new blocks, and Stake hold: where staked tokens are locked for an additional period in case any slashable offenses are detected from the validation phase.
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Frequently Asked Questions
Do I retain custody of my tokens?
Yes, when you delegate your TON for staking it is stored on the TON blockchain and only your voting rights are assigned to your chosen validator.
What is the minimum and maximum stake?
The minimum stake to join a validator is 10,003 TON, and the maximum is 900,000 TON. Pier Two can create multiple validator environments to suit your requirements.
Can I be slashed?
Yes, slashing applies on the TON network for validator misbehavior. Penalties, such as a 101 TON fine, can be enforced by validator votes. And will be increased for severe offenses.
How do I withdraw my stake?
Send 1 TON from your deposit address with the memo "w." Only full withdrawals are allowed. Partial withdrawals are unsupported.
Why Pier Two
Why Pier Two
Pier Two offers a premium service, competitive fees, high performance infrastructure and world class customer support.
Pier Two holds ISO 27001 certification and offers customers 99.99% uptime and slashing coverage.
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