Learn More About Evmos
What is Evmos (EVMOS), and what is it used for?
EVMOS is the underlying token that “fuels” the EVMOS’s ecosystem for transactions. EVMOS is a means to provide governance, secure the blockchain, and provide a reward mechanism for network participants.
What are Evmos's staking rewards?
Staking rewards in the form of native blockchain tokens (EVMOS) are distributed to validators for locking up their cryptocurrencies to a blockchain network to support validator node’s participation in the consensus mechanism and securing the network for a period of time. Refer to the data above for the latest EVMOS staking reward figures.
What are the costs of staking Evmos?
StakeSeeker charges a small percentage-based fee (stated above) allocated towards the administerial 24/7 maintenance and monitoring of our staking infrastructure required to operate our validators effectively and securely. The rewards distributed to our community will be a net of the validator fee charged.
Is staking Evmos secure?
When EVMOS is staked, it’s actually being delegated to a validator. In our case, StakeSeeker facilitates the role of the validator. Similar to staking tokens on any other protocol, staking EVMOS comes with certain risks. If any downtime is experienced, or if a validator misses another part of the necessary requirements, then a percentage of the staked EVMOS can be lost as a penalty (known as “slashing”). StakeSeeker monitors its nodes 24/7 and has an excellent track record that minimizes these risks.
What are the current use cases of Evmos?
Evmos brings together the best of Ethereum applications and the scalability of the Cosmos Inter-Blockchain Communication protocol.
How is Evmos different from Kava and Akash?
Evmos doesn’t focus on a specific niche such as Kava’s DeFi or Akash’s cloud computing. Rather it strives to be an interoperable network for all new and existing EVM Dapps in the Cosmos ecosystem.
How long does it take to unstake EVMOS?
Unstaking (also called unbonding or undelegating) can be initiated at any time. However, it takes approximately 14 days for your EVMOS to unstake from the network and become transferable. During this time, you will not earn rewards. When the process is complete, you regain the ability to transfer/trade your EVMOS tokens.
What is the minimum amount of EVMOS to stake?
You can stake as little as 1 EVMOS, but remember to keep some EVMOS token unstaked in your wallet to pay for any potential future transaction fees.
What are the risks of staking EVMOS?
Like many blockchain protocols, the consensus mechanism used by Evmos includes a slashing mechanism whereby any validator that misses too many blocks or double signs a block is penalized by the network, slashing the staked amount on that validator. StakeSeeker is run by Nasdaq listed BTCS Inc. which has its own tokens staked on the same validator nodes, so we are highly incentivized to minimize these risks and maximize our staking reward. However, delegators should be cognizant of these risks.
How do I get started staking Evmos?
To begin staking EVMOS, click the “Start Staking” button at the top right, create an account with StakeSeeker and gain access to the platform’s crypto portfolio insights. Then, you can begin staking with our validator nodes by delegating your tokens. Within the platform, there are instructions and tutorials on how to link your crypto exchange accounts and digital wallets and how to navigate the platform’s tools. You can view our supported blockchain networks for staking on our homepage.