How To Become a Delegator

Prerequisites

1. Wallet Setup

• A Qubetics-compatible wallet

• TICS Tokens: Ensure that 50 TICS tokens are held to participate in delegation.

1. Understanding the Process

• Familiarize yourself with the roles and responsibilities of validators.

• Understand key metrics such as stake amount, commission rates, stake rewards, and the potential risks involved.

• Gain basic knowledge of the unbonding period and how delegation works.

Steps to Become a Delegator

Step 1: Access Qubetics Delegator Application

• Visit the delegator application, the official delegator application for Qubetics blockchain, to seamlessly onboard as a delegator in 4 easy steps.

• Sign in with your wallet mnemonics in the application and click on “Become a delegator” button.

Step 2: Select a Validator

• Evaluate validator performance metrics on the validator page, including:

  • Total Stake: The total amount of TICS token staked, including self-stake and stake delegated by delegators to the validator.

  • Commission Rate: The percentage of rewards retained by the validator as a fee before distributing the staked rewards to all the delegators.

  • Number of Delegators: Reflects the validator’s popularity and community support.

• Choose a validator based on your preferences for reliability, reward potential, and trustworthiness.

Step 3: Delegate Tokens

• Use the Qubetics Wallet TICS balance to delegate your tokens.

• Specify the number of tokens to delegate.

• Review and confirm the delegation process.

Step 4: Monitor Rewards

• Regularly log into the delegator application to track staking rewards and validator performance.

• Stay updated on any changes in validator metrics

Step 5: Re-Delegate or Withdraw Tokens

• If you’re unsatisfied with your current validator, re-delegate your tokens to another validator.

• Withdraw your staked tokens if needed, adhering to the unbonding period, during which your tokens remain locked before becoming accessible.

Responsibilities of Delegators

1. Choose Validators Wisely

• Conduct thorough research on validator performance metrics, including reliability, commission rates, and reputation.

• Avoid delegating to validators with high commission rates or poor uptime records to minimize risks.

2. Participate in Governance

• Use your delegated tokens to vote on governance proposals, playing an active role in shaping the Qubetics ecosystem.

• Stay informed about governance discussions and upcoming proposals.

3. Monitor Staking Activity

• Regularly review validator performance and reward rates to ensure your tokens are aligned with the best options.

• Stay proactive in re-delegating or withdrawing tokens if your current validator’s performance declines.