![]() ![]() Source: Guarda walletįinally, click the Confirm button, and - boom - you’re staked! Source: Guarda wallet I left 5 ONE, about $0.15, which is more than enough. It’s worth noting that, while wildly insignificant, you do need some funds to cover the small fees, so don’t stake 100%. We get hit with another transaction fee, this time for 0.000021 ONE - a tiny amount. You’ll be presented with a confirmation screen. This will bring up a prompt for you to specify how many tokens you wish to stake. Now that the funds are in your Guarda wallet, you’re ready to stake! Start the process by clicking the Staking link beneath the wallet, followed by the Stake button. Well worth the $0.00 fee, I’d say! Source: Binance US - transaction fee is 0.001 ONE, which is less than a penny Stake ‘em I confirmed the withdrawal with Binance, and by the time I clicked refresh in my Guarda wallet, the funds were there. This was my first experience with sending tokens on the Harmony blockchain, and it was refreshingly instant. This is where you’ll send your ONE tokens. Deposit fundsĬlick your ONE wallet and copy the wallet address. You’ve got your ONE wallet ready to go? Let’s get to business. If you do this, you’ll get a new wallet text file - again, back it up somewhere safe. The default multi-currency wallet doesn’t have a ONE wallet, so you may need to use the Add new wallet link at add one. Keep that file and your password in a secure place. When you create a wallet, you get a text file containing your encrypted private keys. That means you’re in charge of the private keys, and if you lose them, you’re out of luck. I didn’t have a Guarda wallet, so step one was to create one. I grabbed some screenshots along the way, so I’ll show you what it looks like. ![]() It’s basically a two-step process: deposit funds & stake ’em. The staking guide on Guarda’s site is very straightforward. I could earn 12% by staking my ONE with Guarda? That’s more than a little better than what I was getting with Binance, so I needed to check this out. So there I was, gleefully earning my 2–3% when, hey - what’s this? A staking announcement from Harmony? I noticed that Binance US had staking available, but it required a minimum of 10k tokens and paid just 2–3%. On top of all that, the Harmony ONE token was still priced at just $0.03. I was also excited to see partnerships with Reef and API3 announced. So, I love that the top priority on their 2021 roadmap is adoption. Harmony has the tools to be successful, that’s for sure. Those are great, but it seems like a hundred projects are solving these same problems. They also advertise 2-second finality and near-$0 transaction fees. First, they promise to solve Ethereum scalability by providing a sharding protocol with a trustless bridge. 12% rewards in just two steps Photo by Levi XU on Unsplash ![]()
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