Instruction:How to delegate your coins: Difference between revisions

From Decimal Wiki
Jump to navigation Jump to search
[unchecked revision][checked revision]
No edit summary
No edit summary
 
(11 intermediate revisions by 2 users not shown)
Line 1: Line 1:
{{#seo:
{{#seo:
                     |title= How to sell DEL
                     |title= How to delegate coins — Instruction on Decimal Wiki
                     |titlemode= append  
                     |titlemode= append  
                     |keywords= How to sell DEL
                     |keywords= How to delegate coins
                     |description= How to sell DEL
                     |description= How to delegate coins
                     }}
                     }}
{{manual-console}}
                    How to sell DEL
{{main article|Delegation}}
{{youtube|rogg6hYZ3PY|width=400|How to delegate your coins in Decimal Blockchain}}


At the moment, there are several sites where you can sell the DEL - base coin of the Decimal network. Here we will describe all the sites where DEL is currently traded, and we will update the article as new ones appear.
[[Delegation]] is carried out due to a special [[transaction]] on the [[Decimal|Decimal network]] in which funds are blocked on the user's account, while increasing the [[stake]] of the selected [[validator]]. Any user of the network can delegate their [[DEL|DEL coins]], as well as any [[custom coin]]s and [[NFT]] issued on the Decimal network.


BitTeam P2P Exchange
== Before delegating ==
Before filling out the delegation form [[Instruction:How to choose a validator|select a validator]]. To get acquainted with all the validators, use the '''Blockchain''' tab in the menu at the top of the browser page https://explorer.decimalchain.com/validators
[[File:How to choose a validator 1.png|700px|thumb|left]]<br clear="all">
Next, click the "Validators" tab, scroll down the page and you will see a list of all validators and information about them.
[[File:en-delegate2.png|700px|thumb|left]]<br clear="all">
When choosing a validator, pay attention to the "'fee amount"' that he will deduct from your accruals as his profit and "'stability"' (presence/absence of fines), because the size of your accruals depends on it.


Address: BitTeam
[[File:en-delegate3.png|700px|thumb|left]]<br clear="all">
After you have selected a validator, copy its public key (the address under the validator's name). Go back to the "Delegation" tab and paste it into the "Validator Address" line. Fill in the remaining fields and complete the binding process.
== Delegation via console ==
Go to https://decimalchain.com/ and select '''Console''' in the '''Tools''' block.


Register on the exchange and pass the verification.
[[File:en-delegate4.png|700px|thumb|left]]<br clear="all">
Log into your console using your and select the section in '''Delegation'''.  


Deposit DEL to your BitTeam wallet. To find the address of the DEL wallet, click on the icon in the upper right corner.
[[File:en-delegate5.png|700px|thumb|left]]<br clear="all">
You will see a form to fill out in which you need to specify:
# Validator's address
# The name of the coin you are going to delegate
# Number of coins to delegate
[[File:en-delegate6.png|700px|thumb|left]]<br clear="all">
By selecting the "Advanced Mode" button, you will be able to add a message to the transaction and select a coin to pay the transaction fee.
After filling out the form, check the data and confirm the transaction.  


You will see a list of wallets for all coins presented on the exchange. Find a wallet for DEL among them and click the “Top up” button.
[[File:en-delegate7.png|700px|thumb|left]]<br clear="all">
In the next step, you will receive of the transaction, by which you can check its display in the '''Browser''' . Then go back to the page with the last step and click '''Ok'''


Next, you will see the address of your DEL wallet and a QR code. Top up this address with the coins you want to sell and start selling.
[[File:en-delegate8.png|700px|thumb|left]]<br clear="all">
== Delegation via mobile app ==
Log in to the mobile app and select the button with the image of coins in the lower menu.
[[File:en-delegate9.jpg|400px|thumb|left]]<br clear="all">
Next, click "+" and a form will open for you to fill out, in which you need to specify the validator's address, the name of the coin and the number of delegated coins.  


On the main page, click the “Sell” button, select the cryptocurrency you want to sell (in our case, DEL), select the currency you want to receive (in our case, rubles), and the payment system that you are ready to accept money for your coins.
[[File:en-delegate10.jpg|400px|thumb|left]]<br clear="all">
To get acquainted with the validators and select the address, click the symbol on the left in the line to fill in the "Validator address"
[[File:en-delegate11.jpg|400px|thumb|left]]<br clear="all">
The address of the validator selected in the previous step is automatically integrated into the form.
Fill in all the fields and click "send". If necessary, use the advanced mode, which allows you to send a message with a transaction, as well as select a coin to pay the network commission.
[[File:en-delegate12.jpg|400px|thumb|left]]<br clear="all">


Please note that there are more than 70 payment systems on the exchanger, and you can choose several at once, for example, if you have cards from different banks and you are ready to accept payment for any of them.
== Fee for the validator when delegating ==
[[File:en-delegate13.png|700px|thumb|left]]<br clear="all">
Each validator sets a fee at his discretion at the stage of applying for the role of validator. You cannot change the fee parameter.
=== Where does the validator deduct his fee from? ===
'''Example:'''
You have chosen a validator with a 5% fee. You delegated coins to him, and according to your stake and the current Decimal network parameter, your reward is 30 DEL. Automatically, the validator will deduct 5% from each of your rewards and you will receive 28.5 DEL (30 DEL - 5%).
== Unbonding ==
{{main article|Instruction:How to unbond coins from delegation}}
'''Withdrawal of coins from delegation''' (“unbound” — cancellation of the obligation) is the operation of returning the coins delegated to the validator.
The recall can be at the request of the delegate or forced. Forced partitioning occurs if:
* all 1000 slots (seats) the validator is busy, and the size of your delegated steak is the smallest. In this case, any new delegator who sends a bigger stake to the validator will "displace" your stake and your coins will be forcibly divided
* the validator has been disconnected from the network prematurely for some reason
With a voluntary and forced recall, your stake is released immediately and the rewards stop accruing, but the funds on the delegator's account will be displayed and will become available only after 30 days. This is the standard release period set to protect DPoS networks from attacks.
"An application for unbonding the funds must be sent in ANY case", whether it is a voluntary recall or a forced one. The request for a review must be filled out in the personal console in the "Delegation" tab.
Next to the delegation form you will find the form "Withdraw". Specify the public key in it[[commoninfo:noda|nodes]], the coin and the number of coins to revoke. In the advanced mode, you can add a message and select a coin to pay the fee.
After entering all the data into the recall form, click the "Withdraw" button and complete the transaction.
[[File:en-delegate14.png|700px|thumb|left]]<br clear="all">
== Penalties ==
'''Missing block'''
If the validator, due to any reason, missed 12 blocks out of the last 24, a fine of 1% of the entire node stake is imposed on him. The node is excluded from the list of active ones, ceases to sign new blocks, and therefore stops to receive a basic reward for the block. After the owners of the fined node fix the problem, they must re-enable it.
'''Double signature attempt'''
If the validator accidentally or intentionally tried to double-sign the same block, a fine of 5% of the entire node stake is imposed on him. A forced unbond of all funds delegated to the masternode also happens in this case.
'''How does the penalty affect the delegate'''
Fines of 1% and 5% are also distributed to the delegators of the fined node. The rights and responsibilities apply to both rewards and fines. Rewards and penalties are distributed proportionally to the share of the delegator's funds in the total stake of the validator. In case of forced separation, the funds of the delegators, minus 5%, are returned to their balance 30 days after sending the corresponding request for the withdrawal of coins.
=== Where do I see validator penalties? ===
Go to the main page of the DecimalChain website and open the Browser tab in the additional Tools menu. Next, select the "Blockchain" button and click on "Validators".
[[File:en-delegate15.png|700px|thumb|left]]<br clear="all">
In the list of validators, the column "Omissions" indicates the number of missed blocks from the validator.
[[File:en-delegate16.png|700px|thumb|left]]<br clear="all">
Scroll down the page where you will see the validator penalties and the block numbers on which this penalty was received. On the right, there will be a block with the amount of the total penalty of each validator.
[[File:en-delegate17.png|700px|thumb|left]]<br clear="all">
== Delegation transaction fee ==
'''Based on the testing experience, the cost of the delegation transaction is ~ 0.6 DEL'''
In the Decimal blockchain, the transaction fee consists of the amount of a fixed rate per transaction type + the unit cost per transaction volume in bytes.
Fixed rate: 1 unit = 0.001 DEL delegation - 200 units - 0.2 DEL
The cost of 1 byte of the total transaction volume: 2 units (0.002 DEL)
In fact, a transaction is just an informational message. It specifies what, how much, to whom and from whom it is sent, as well as service data. Transaction volume is the volume of all the information that a transaction consists of:
* service (signatures, parameters, etc.);
* user (the length of the ticker of the coin being sent, the length of the ticker of the fee coin, the amount being sent, a text message).


After you have identified the search criteria for the ad, you can proceed to the selection of the buyer.
== See also ==
* [[Delegation]]
* [[Delegator]]
* [[Staking]]


In the list of sellers (*for us, they are now buyers*) that meet your criteria, you will see:
{{interwiki|ru=Инструкция:Как делегировать монеты}}
 
·- seller rating; ·- online presence right now (green - online, gray - offline); ·- all payment methods acceptable to this buyer; ·- the price for one coin in rubles; ·- limits on what minimum and maximum amounts of rubles the buyer is willing to buy coins for. In the screenshot, the seller sanshaine (he is just online) has a limit of 30,000-200,000 rubles. This means that the user is ready to buy coins for at least 30,000 rubles, but not more than 200,000 rubles.
[[Category:Instructions:Delegating]]
 
[[Category:Instructions:Coins|H]]
After you have selected a suitable buyer with suitable limits, click the “Sell” button and specify either the number of coins you want to sell or the amount in rubles you want to get. The second field will be filled in automatically. You can also send a message to the buyer.
 
In the list of sellers (*for us, they are now buyers*) that meet your criteria, you will see:
 
- seller rating; - online presence right now (green - online, gray - offline); - all payment methods acceptable to this buyer; - the price for one coin in rubles; - limits on what minimum and maximum amounts of rubles the buyer is willing to buy coins for. In the screenshot, the seller sanshaine (he is just online) has a limit of 30,000-200,000 rubles. This means that the user is ready to buy coins for at least 30,000 rubles, but not more than 200,000 rubles.
 
After you have selected a suitable buyer with suitable limits, click the “Sell” button and specify either the number of coins you want to sell or the amount in rubles you want to get. The second field will be filled in automatically. You can also send a message to the buyer.
 
[[instructions:howtochooseavalidator|выберете валидатора]]
[[File:instructions-snimok_ehkrana_2022-03-15_v_14.55.20.png|1000px|class=mediacenter]]
[[File:instructions-snimok_ehkrana_2022-03-15_v_15.32.01.png|1000px|class=mediacenter]]
[[File:instructions-snimok_ehkrana_2022-03-15_v_12.22.10.png|1000px|class=mediacenter]]
[[File:instructions-snimok_ehkrana_2022-03-15_v_14.37.43.png|1000px|class=mediacenter]]
[[File:instructions-snimok_ehkrana_2022-03-15_v_14.43.12.png|1000px|class=mediacenter]]
[[File:instructions-snimok_ehkrana_2022-03-15_v_14.44.58.png|1000px|class=mediacenter]]
[[File:instructions-snimok_ehkrana_2022-03-15_v_14.44.58.png|1000px|class=mediacenter]]
[[File:instructions-snimok_ehkrana_2022-03-15_v_14.44.58.png|1000px|class=mediacenter]]
[[File:Instructions-image_2022-03-15_16_55_25.jpg|400px|class=mediacenter]]
[[File:Instructions-image_2022-03-15_16_55_28.jpg|400px|class=mediacenter]]  
 
[[File:Instructions-image_2022-03-15_16_55_33.jpg|400px|class=mediacenter]]
[[File:Instructions-snimok_ehkrana_2022-03-15_v_16.26.16.png|1000px|class=mediacenter]]
[[File:Instructions-snimok_ehkrana_2022-03-15_v_16.33.15.png|1000px|class=mediacenter]]
[[File:instructions-snimok_ehkrana_2022-03-15_v_14.55.20.png|1000px|class=mediacenter]]
[[File:instructions-snimok_ehkrana_2022-03-15_v_14.55.20.png|1000px|class=mediacenter]]
[[File:Instructions-snimok_ehkrana_2022-03-15_v_16.37.27.png|1000px|class=mediacenter]]
[[File:Instructions-snimok_ehkrana_2022-03-15_v_16.37.58.png|1000px|class=mediacenter]]
[[Category:Instructions]]

Latest revision as of 20:00, 17 April 2024

This is a page with the instruction guide to the Decimal Console.

Main article: Delegation

How to delegate your coins in Decimal Blockchain

Delegation is carried out due to a special transaction on the Decimal network in which funds are blocked on the user's account, while increasing the stake of the selected validator. Any user of the network can delegate their DEL coins, as well as any custom coins and NFT issued on the Decimal network.

Before delegating

Before filling out the delegation form select a validator. To get acquainted with all the validators, use the Blockchain tab in the menu at the top of the browser page https://explorer.decimalchain.com/validators


Next, click the "Validators" tab, scroll down the page and you will see a list of all validators and information about them.


When choosing a validator, pay attention to the "'fee amount"' that he will deduct from your accruals as his profit and "'stability"' (presence/absence of fines), because the size of your accruals depends on it.


After you have selected a validator, copy its public key (the address under the validator's name). Go back to the "Delegation" tab and paste it into the "Validator Address" line. Fill in the remaining fields and complete the binding process.

Delegation via console

Go to https://decimalchain.com/ and select Console in the Tools block.


Log into your console using your and select the section in Delegation.


You will see a form to fill out in which you need to specify:

  1. Validator's address
  2. The name of the coin you are going to delegate
  3. Number of coins to delegate


By selecting the "Advanced Mode" button, you will be able to add a message to the transaction and select a coin to pay the transaction fee.

After filling out the form, check the data and confirm the transaction.


In the next step, you will receive of the transaction, by which you can check its display in the Browser . Then go back to the page with the last step and click Ok


Delegation via mobile app

Log in to the mobile app and select the button with the image of coins in the lower menu.


Next, click "+" and a form will open for you to fill out, in which you need to specify the validator's address, the name of the coin and the number of delegated coins.


To get acquainted with the validators and select the address, click the symbol on the left in the line to fill in the "Validator address"


The address of the validator selected in the previous step is automatically integrated into the form.

Fill in all the fields and click "send". If necessary, use the advanced mode, which allows you to send a message with a transaction, as well as select a coin to pay the network commission.


Fee for the validator when delegating


Each validator sets a fee at his discretion at the stage of applying for the role of validator. You cannot change the fee parameter.

Where does the validator deduct his fee from?

Example:

You have chosen a validator with a 5% fee. You delegated coins to him, and according to your stake and the current Decimal network parameter, your reward is 30 DEL. Automatically, the validator will deduct 5% from each of your rewards and you will receive 28.5 DEL (30 DEL - 5%).

Unbonding

Main article: Instruction:How to unbond coins from delegation

Withdrawal of coins from delegation (“unbound” — cancellation of the obligation) is the operation of returning the coins delegated to the validator.

The recall can be at the request of the delegate or forced. Forced partitioning occurs if:

  • all 1000 slots (seats) the validator is busy, and the size of your delegated steak is the smallest. In this case, any new delegator who sends a bigger stake to the validator will "displace" your stake and your coins will be forcibly divided
  • the validator has been disconnected from the network prematurely for some reason

With a voluntary and forced recall, your stake is released immediately and the rewards stop accruing, but the funds on the delegator's account will be displayed and will become available only after 30 days. This is the standard release period set to protect DPoS networks from attacks.

"An application for unbonding the funds must be sent in ANY case", whether it is a voluntary recall or a forced one. The request for a review must be filled out in the personal console in the "Delegation" tab.

Next to the delegation form you will find the form "Withdraw". Specify the public key in itnodes, the coin and the number of coins to revoke. In the advanced mode, you can add a message and select a coin to pay the fee.

After entering all the data into the recall form, click the "Withdraw" button and complete the transaction.


Penalties

Missing block

If the validator, due to any reason, missed 12 blocks out of the last 24, a fine of 1% of the entire node stake is imposed on him. The node is excluded from the list of active ones, ceases to sign new blocks, and therefore stops to receive a basic reward for the block. After the owners of the fined node fix the problem, they must re-enable it.

Double signature attempt

If the validator accidentally or intentionally tried to double-sign the same block, a fine of 5% of the entire node stake is imposed on him. A forced unbond of all funds delegated to the masternode also happens in this case.

How does the penalty affect the delegate

Fines of 1% and 5% are also distributed to the delegators of the fined node. The rights and responsibilities apply to both rewards and fines. Rewards and penalties are distributed proportionally to the share of the delegator's funds in the total stake of the validator. In case of forced separation, the funds of the delegators, minus 5%, are returned to their balance 30 days after sending the corresponding request for the withdrawal of coins.

Where do I see validator penalties?

Go to the main page of the DecimalChain website and open the Browser tab in the additional Tools menu. Next, select the "Blockchain" button and click on "Validators".


In the list of validators, the column "Omissions" indicates the number of missed blocks from the validator.


Scroll down the page where you will see the validator penalties and the block numbers on which this penalty was received. On the right, there will be a block with the amount of the total penalty of each validator.


Delegation transaction fee

Based on the testing experience, the cost of the delegation transaction is ~ 0.6 DEL

In the Decimal blockchain, the transaction fee consists of the amount of a fixed rate per transaction type + the unit cost per transaction volume in bytes.

Fixed rate: 1 unit = 0.001 DEL delegation - 200 units - 0.2 DEL

The cost of 1 byte of the total transaction volume: 2 units (0.002 DEL)

In fact, a transaction is just an informational message. It specifies what, how much, to whom and from whom it is sent, as well as service data. Transaction volume is the volume of all the information that a transaction consists of:

  • service (signatures, parameters, etc.);
  • user (the length of the ticker of the coin being sent, the length of the ticker of the fee coin, the amount being sent, a text message).

See also

 This article is available in other languages:    Русский