Complete staking guide of (HUAHUA)Chihuahua and its advantages
What is the Chihuahua chain?
- Chihuahua is the first interoperable meme coin with a POS blockchain, making it one of the most utilized chains in the Cosmos ecosystem.
- Chihuahua is an eco-friendly Proof-Of-Stake (POS) blockchain; that communicates with other chains utilizing the Inter-Blockchain Communication Protocol (IBC). Our blockchain is governed by users who actively stake HUAHUA; which in turn receive rewards as well as additional rights, such as the right to vote on governance proposals and access a Community Pool with +10B HUAHUA (more than 40M dollars).
How to buy a HUAHUA meme coin?
You can buy HuaHua Token on both types of exchanges decentralized ( Known as DEX ) and centralized exchanges ( Known as CEX ).
- Osmosis (DEX)
We have written a complete tutorial on “how to use osmosis.zone to buy IBC tokens”, Read it here ( Osmosis.zone).
2. MEXC Global
How to stake the Huahua token?
Well after buying on the exchange you need to transfer those Chihuahua(Huahua) to a self-custodial wallet to stake.
Self custodial wallets
After you transfer your assets to your new wallet, open smartnodes.one to stake the Huahua token with us.
Step 1- Go to the delegate section and find the Chihuahua chain (Huahua). Click on Delegate
Step 3 -Connect your Keplr wallet
Step 4- Approve the requesting connection to the Keplr wallet
Step 5- Input the account name and click next (remember to check the correct chain has been selected) In this case, Chihuahua
Step 6- Confirm the address is right and click save.
step 7- You can now see your Chihuahua (HuaHua) balance, click on the delegate option located at the bottom right.
Step 8- A pop-up will come to select the validator, amount of HUAHUA to stake, and input gas fee. ( After filling in all details- Click Send )
Approve the delegation by confirming the transaction in Keplr
Step 9- Boom! You have successfully staked your HUAHUA token.
You can also stake your HUAHUA token in omniflix.chihuahua.wtf,
Just follow the procedure given in the video below.
How HUAHUA is connected to the Cosmos ecosystem?
Chihuahua is a blockchain built using the Cosmos SDK and Tendermint consensus. HUAHUA token is the native staking and governance asset of the Chihuahua chain. The estimated yearly consumption of the Chihuahua blockchain is less than the energy consumed by Dogecoin and Ethereum in a single day.
Interoperable with over 30 Cosmos chains due to the IBC protocol which allows transferring HUAHUA assets to the other chains in a matter of seconds.
Chihuahua has a built-in on-chain governance system. Holders of HUAHUA — the native staking token of the chain — can vote on proposals on a 1 to 1 per token vote basis.
The main interest for people in HUAHUA is the juicy staking APR
Delegating HUAHUA to one of the 125 validators in the active set increases the security of the Chihuahua network; also gives staking rewards up to 325% per year at the time of writing this.
Why choose SmartNodes as your Validator?
- Smartnodes Validator offers 100% Fully refunded Slash and double sign protection.
- 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.
- The Infrastructure used by Smartnodes is only the Best of the Best with 10 Layers of security in place to protect your assets.
- We are currently validating on 28 Proof of Stake chains and growing, check out our website for our Validator nodes. ( Smartnodes.one)