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How to setup Cold Staking on Trustaking?

If you don't feel like setting up and maintaining your own Hot Staking wallet on a VPS or a dedicated server, then Trustaking.com is the service for you! Trustaking provide Full Node As a Service at a very affordable price level. All Solaris users who want to start staking their XLR coins, strengthen the network and get rewards can follow the instructions below.

Trustaking.com prices for Cold-Staking

  • 1 month - 2$
  • 6 months - 1.5$ per month (9$ total)
  • 12 months - 1$ per month (12$ total)

Requirements

  • Solaris Core wallet synced up to 100%
  • XLR coins in your main wallet account (DASHBOARD)

1 Go to solaris.trustaking.com and click COLD STAKE NOW.
2 You will be provided with a Hot Wallet address from Trustaking.com which you will use to setup cold staking.
3 In your Solaris Core wallet, click into to COLD STAKING tab.
4 Select "This will become a Cold Staking wallet" and click next.
5 Enter the amount of coins you want to start Cold Staking.
6 Enter the Hot Wallet address you received from Trustaking.com
7 Enter the wallet password and click SEND.
8 Your Cold Staking has been setup!
9 That's it! After 1 network confirmation your Cold Staking balance will be visible and will begin to stake after it matures.
10 Lastly you should make a backup of your wallet file to ensure easy recovery of the Cold Balance. The 12 word mnemonic phrase does work to recover main balance and the cold balance will still be there, but not visible and requires special techniques to recover. The wallet file ensures you can easily restore your cold balance in the future. You can find the location of your wallet file by going to the ADVANCED tab in your wallet and look at the Wallet data directory.
Go to that folder and make a copy of the file which starts with the name of your wallet and ends with *.wallet.json.
That's it! After 1 network confirmation your Cold Staking balance will be visible and will begin to stake after it matures.

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Solaris is a blockchain platform offering tools for decentralized application development utilizing widely popular Microsoft technologies of C# using .NET Core platform. Solaris is powered by XLR, the native coin on the Solaris blockchain. Read More..