Neblio $NEBL delegation guide by MyCointainer (cold staking)

MyCointainer
4 min readApr 7, 2021

Anyone can delegate & stake $NEBL following a few simple steps.

This guide covers delegation guides using neblio-Qt and nebliod.

Set up delegation via neblio-Qt

Step 1: Create a MyCointainer Staker Address on the Staking Wallet

It is recommended to create a new “Staker Address” in the Staking Wallet.
Note: A “Staker Address” is the same as any other Neblio address, but having a separate address just for receiving cold staking delegations helps keep transactions organized. This address can be re-used for receiving all future cold staking delegations, if desired.

In neblio-Qt generate a new Staker Address on the “Receive” tab. Click the “New Address” button on the bottom-left side of the panel, and give the address a label (optional, e.g. “Profit from delegation | MyCointainer”), then click “OK”.

Step 2: Create a Cold Stake Delegation From The Owner Wallet

From the Owner wallet we will now create a Neblio Smart Contract transaction that delegates NEBL to a MyCointainer Cold Staking Address.

In neblio-Qt navigate to the new “Cold-Staking” tab. This tab will show all active Cold Staking delegations. To create a new Cold Staking Delegation, click on the “Snowflake+” button on the top-right of this tab.

  • Insert the “MyCointainer Staker Address”: NYmSWJ1P8pgh2RVtvJiT9WRK4aJGgQk7CS
  • Insert the Amount of NEBL you would like to delegate to the MyCointainer Staking Wallet. This is the amount of NEBL that will Cold Stake.
  • For Advanced Users: You can indicate the specific “Owner Address”, if you leave this blank a new address from your wallet will be used (recommended). You can also allow previously delegated coins to be used for this new delegation. Pick the exact coins you want to delegate via Coin Control, and can also specify a change address. Most users will only fill in the “MyCointainer Staker Address” and Amount of NEBL.
  • Click “Create” and accept the Neblio Blockchain fees to create the Cold Staking Delegation Smart Contract.

Step 3: Wait until MyCointainer Enable Cold Staking Delegation

To prevent bad actors, spammers, free loaders, and others from abusing Cold Staking, MyCointainer Staking Wallet must approve Cold Staking Delegations from new Owner Addresses before the commencement of NEBL staking. Once the Owner Address has been approved by MyCointainer, all future delegations from that same Owner Address will be accepted automatically.

That’s it!

3 simple steps to get started with Neblio Cold Staking!

Set up delegation via nebliod

Step 1: Create a MyCointainer Staker Address on the Staking Wallet

nebliod Command Line (RPC):
-
Generate a new Neblio Address with:
./nebliod getnewaddress
- List previously received cold stake delegations to reuse a staker address with:
./nebliod listcoldutxos

Step 2: Create a Cold Stake Delegation From The Owner Wallet

nebliod Command Line (RPC):
-
Specify the Staker Address, amount of NEBL to Cold Stake, and Owner Address (optional):
./nebliod delegatestake NYmSWJ1P8pgh2RVtvJiT9WRK4aJGgQk7CS 1000
OR
./nebliod delegatestake NYmSWJ1P8pgh2RVtvJiT9WRK4aJGgQk7CS 1000 OwnerAddressHere

Step 3: Wait until MyCointainer Enable Cold Staking Delegation

That’s it!

3 simple steps to get started with Neblio Cold Staking!

Remember, Cold Staking is very similar to normal Staking and many of the same rules apply:

  • New delegations take 24 Hours to mature before they begin staking
  • Staking rewards will be the same amount whether Cold Staking or staking normally

Why delegate to the MyCointainer node?

MyCointainer is a regulated, experienced validator of more than 100+ assets available on the platform. Advanced architecture and years of experience on the market ensures full security of the funds.

An advantage of cold staking is you are still in control of the coins you own and your rewards will retain in your safekeeping. MyCointainer node cannot access your NGM funds and will not have any portion of your stake rewards.

Additional Benefits

Skip Staking Fee Token
To be applied for over 100 assets on MyCointainer Platform
Lottery Ticket
For each delegation.

Each user who has delegated at least 250 NEBL for 3 months or more has a chance to win 250 EUR every month. To take advantage of additional benefits you must complete the form before the delegation.

For additional help with staking or to learn more about Neblio visit MyCointainer Neblio asset page.

You can find all available MyCointainer validators here.

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MyCointainer

A well-known global crypto staking platform. Enjoy passive income from over 100 assets. Hold and earn coins thru delegation: 👉 bit.ly/DelegateToMyCointainer