You are currently viewing SA Brief Guide on how to stake Secret Network(SCRT) Token

SA Brief Guide on how to stake Secret Network(SCRT) Token

Secret Network Staking Guide by Smartnodes Validator

Secret Network is The first blockchain with data privacy by default, allowing you to build and use applications that are both permissionless and privacy-preserving. This unique functionality protects users, secures applications, and unlocks hundreds of new use cases for Web 3.

The native coin of Secret Network, Secret (SCRT) is denoted by this symbol, π•Š, enclosed inside a circle. The Secret π•Š evokes a flowing network and the duality of secrets: privacy and transparent.

The ends of the π•Š are open, allowing data to freely flow in and out. The interior of the π•Š is private, an enclave that encloses the activity of the network itself.

The overall shape of the S is reminiscent of a yin-yang, again reflecting the many dualities of a privacy-preserving public network β€” a highly complex technology that exists to protect deeply human values.

SCRT has been used for staking and governance since the inception of the network in February, with multiple proposals passing successfully.

https://medium.com/media/131571ffb0ce814574da293698428f57/href

Where Can We Buy SCRT token?

You can buy SCRT Token on both types of exchanges decentralized (Known as DEX) and centralized exchanges (Known as CEX).

  1. Osmosis (DEX)
  2. Junoswap(DEX)
  3. Binance(CEX)
  4. Kraken(CEX)
  5. SiennaSwap

How to stake the Secret(SCRT) token?

After buying on the exchange you need to transfer those Secret Tokens(SCRT) to a self-custodial wallet to stake.

Self custodial wallets

  1. Keplr
  2. Cosmostation IOS
  3. Cosmostation Android

After you transfer your assets to your new wallet, open smartnodes.one to stake the SCRT Tokens.

Step 1- Go to the delegate section and find the Secret Network(SCRT). Click on Delegate

100% Slashing insurance We offer all our delegators a protection of their funds in case of any slashing event due to downtime or technical difficulties resulting in missed blocks and rewards.  Never lose any funds or miss out on any rewards due to uptime slashing.

Step 2- Click on Delegate again.

Step 3 –Connect your Keplr wallet

Keplr is a browser extension wallet for the Inter blockchain ecosystem.  Introducing the first, and leading, IBC-enabled wallet for the Cosmos ecosystem: Keplr, Your Wallet for the Interchain Keplr is an open-source browser extension wallet for the Cosmos interchain ecosystem.  We provide the most flexible and versatile account management and wallet functionalities for all Cosmos-SDK based blockchains.
Keplr is a browser extension wallet for the Inter blockchain ecosystem.

Step 4- Select Keplr β€” Click Approve.

Step 5- Input account name, make sure SECRET NETWORK is selected in Import addresses for the chain. Click Next.

Step 6- Confirm check your address is correctly added and click on save.

Step 7-You have successfully imported your SCRT into Smartnodes.one

Next, click Delegate to proceed to the staking.

Step 8– Now select validatorinput the amount you want to stake, fill the gas fee as 5000, select Keplr wallet, and click on Send.

Step 9Approv the transaction in Keplr pop-up window.

Step 10- Congratulations, You have successfully staked your SCRT with Smartnodes ( You can also see your asset allocation, rewards, and balance).

We are composed of a diversified team of IT, finance, marketing, and legal professionals working together toward the same goal, building the future of web3 along side our partners, our community, and our delegators.  We are committed, passionate and serious about what we do, and we strive to be the best at it.  As such, our mission consists into: Being a leading provider in decentralized infrastructure to proof of stake blockchains and decentralized projects.

About Smartnodes

  1. Smartnodes Validator offers 100% Fully refunded Slash and double sign protection.
  2. We are highly active in the cosmos and lend support where we can. We are community-driven. Smartnodes validator actively Votes on proposals to help ensure proper governance.
  3. The Infrastructure used by Smartnodes is only the Best of the Best with 10 Layers of security in place to protect your assets.
  4. We are currently validating on 28 chains and growing, check out our website for our Validator nodes. (Smartnodes.one)
  5. In case of any other question, please feel free to reach out to a team member on our social media or by mail at hello@smartnodes.one

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SA Brief Guide on how to stake Secret Network (SCRT) Token was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.

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