FREQUENTLY ASKED QUESTIONS
WHAT ARE VALIDATORS AND DELEGATORS?
New blocks on a network are usually proposed by validators. To enable a network to run seamlessly, validators need the technical capabilities to offer a secure 100% live infrastructure.
Not everyone is equipped to do this. Some token holders participate indirectly by delegating the tokens they have to a validator. Validators are running a service for delegators. They typically charge a fee to cover their operational costs.
WHY DELEGATE?
By delegating your tokens, you help secure the network. You get part of the rewards provided by the protocol for this assistance. If you are planning to hold on to your tokens for some time, delegating will help you accumulate more tokens while contributing to the health of the network.
HOW FREQUENTLY SHOULD YOU CLAIM STAKING REWARDS?
The expiry for claiming staking rewards will vary depending on the network. The process of claiming may also vary
WHO HAS OWNERSHIP OF MY TOKENS ONCE DELEGATED?
The ownership of delegated tokens remains yours. As a validator, X-Stake will never have the ability to move your tokens.
CAN I UNDELEGATE ANYTIME?
Undelegating (also known as unbonding or unstaking) can be done anytime. However, the period of time you have to wait to undelegate your tokens before they become transferable will depend on the network.
WHAT'S IN IT FOR XSTAKE?
We set a small commission on rewards received by our delegators. For more details about charges, please see our full list of supported networks