Basic

Learn how Siriusnet wallet works. We have self-help guides and articles to get you started with Siriusnet Wallet. Use advanced features like Staking, DEX and accessing DApps.

Delegate your crypto

Siriusnet wallet supports several crypto staking and to stake, you need to delegate your crypto to validator(s). Finding the best validators list are often tough, especially when you are new at staking. There are several things to observe when selecting one or more validators to delegate crypto. This article will help you to find the best validators to delegate your crypto.

Before diving into the central part of the article, let’s start by learning what’s a Validator and its role in a very blockchain?

A validator is responsible for validating transactions of a blockchain. Validators check all the transaction data and add the details to the blockchain once they verify the transaction. In proof of stake consensus blockchain, when a transaction launches, each validator has to validate the transaction.

Apart from validating the transactions of the blockchain, Validators are often also responsible for ensuring system efficiency of the blockchain and being able to participate in the governance of the chain.

Now, Let’s dive into the aspects to watch out on a validator before delegating your crypto-

1 - Active participation and contribution of the validator - It is always a good idea to see how much a validator contributes to the blockchain. Good validators contribute to a blockchain ecosystem in many ways, such as -

a) Writing educational content. b) Promoting the blockchain on Social media. c) Vote on governance proposals. d) Create awareness around the community. e) Build tools, listen to the community, and help the community.

2- Competitive APR - Compare the selected validator’s APR with the other validators and ensure it’s paying the same or close to the APR of the most validators. You definitely would love to earn as much as possible, passively!

3- Commission fees - validators take a fee from each delegator for their service. Look out for the lowest commission fees from the validator to maximize your earnings.

4- On-chain activity - You must pay attention to the on-chain activity of a validator. Check out overall uptime, how many blocks It missed, any previous slashing, active delegators to the node, etc.

A validator could be slashed ( jailed) for dirty play by the blockchain. When a validator gets jailed, it cannot produce blocks for a specific time and, thus, no opportunity to earn rewards. It eventually affects your APR.

5- Slashing protection and compensation - Ask the validator team whether they have a slashing protector in place. Most validators use slashing protectors, and some even compensate if slashing happens. Confirm it by the team.

6- Spread your delegation - Validators play vital roles in governance decisions. Try to diversify your delegation from 3-5 validators, and spread the voting power between all validators. Otherwise, the chain governance will be centralized, and big validators will take all the decisions.

In conclusion, Always do your own research before selecting a validator. Good validators are the core of a blockchain. Their contribution is significant on a blockchain, and it is you who will give them the power to make decisions on behalf of yours. Therefore, Select the best for your coins and for the blockchain itself.

Assets

A step-by-step guide to move your assets from the Siriusnet Wallet Browser Extension to the Siriusnet Wallet mobile app

In this guide, we’ll show you how to move assets from the Siriusnet Wallet Browser Extension to a new wallet address created with the Siriusnet Wallet mobile app.

To do this you’ll need:

#Your iOS or Android device

Let’s get started.

Part 1: Install & set up the latest version of Siriusnet Wallet for your mobile device

Step 1: Download and install the Siriusnet Wallet mobile app for iOS or Android.

Get the most updated version on the Apple App Store, Google Play, or here:

here

Step 2: Open the Siriusnet Wallet, select “Create a new wallet”, accept the terms, and follow the simple setup to back up your secret phrase.

Step 3: Now that you’ve complete the setup, get the deposit address for the asset you want to deposit from the Siriusnet Wallet Browser Extension.

Start by selecting the “Receive” button.

Step 4: Select the asset your want to deposit. Scroll or use the search bar, if needed.

We’ll use Ethereum (ETH) in this example, but this can be any asset you want.

Step 5: Use the “Copy” button or the “Share” button to copy your deposit address to a location where you can access it on your computer.

For example, you can send yourself an email where you can access the deposit address. Or you can copy the address to a document saved on your cloud drive where you can access the address.

Part 2: Open the Siriusnet Wallet Browser Extension and send the assets to your new Siriusnet Wallet mobile app address

Step 1: Open the Siriusnet Wallet Browser Extension. You’ll open this from your computer’s web browser.

In case you don’t see the Siriusnet Wallet icon in your extension apps menu, click the puzzle icon, then select “Siriusnet Wallet”.

Step 2: Select “Send” from the main page of the Siriusnet Wallet Browser Extension

Step 3: Select the token you want to send to your Siriusnet Wallet mobile app address.

Again, we’re using Etherum (ETH), as the example – but you’ll choose any asset you want to send to your new wallet address.

Step 4: For the asset you want to send, paste the address from your Siriusnet Wallet mobile app into the Recipient address section, enter the amount, then click “Preview”.

Step 5: Review the details and select the “Confirm” button.

And that’s it! You’ve sent your assets to your new wallet address on the Siriusnet Wallet mobile app.

Depending on the asset, transfer times can range from a few minutes to much longer.

Part 3: Confirm funds have been transferred & repeat the above steps to move all your other assets

In this step, you will check your mobile wallet to ensure the funds you sent have arrived.

Next, repeat the steps to move all your other assets one by one.

We recommend that you wait until all your funds have been transferred over to your new address on Siriusnet Wallet mobile app before moving to part 4 below.

Part 4: Uninstall, then Re-install the Siriusnet Wallet Browser Extension.

In this step, we recommend you uninstall the browser extension wallet, and then re-install the latest version. And of course, be sure to keep the new mobile wallet, which you just moved the funds to!

Step 1: To uninstall the browser extension, start by clicking the puzzle symbol near the top right of your browser window.

Screen Shot 2022-11-28 at 5.40.34 PM

Then select the three dots next to Siriusnet Wallet, select “Remove from Chrome…” and follow the prompt to remove the extension.

Step 2: install the Siriusnet Wallet Browser Extension.

Part 5: Import your mobile wallet address into the Siriusnet Wallet Browser Extension

Step 1: Open the Siriusnet Wallet Browser Extension, and and choose “Import or recover a wallet”.

Step 2: Enter or your 12-word secret phrase from your newly created mobile wallet, then click “Proceed”.

Step 3: Set a password, agree to the Terms of Use, then click “Next”.

Your wallet is now imported and ready!