How to Start Staking BNB on NerveNetwork

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Tutorial for BNB cross chain staking on NerveNetwork

  • We recommend using METAMASK for this tutorial

Log in or set up a new Nerve Wallet at https://wallet.nerve.network/

Select Account and scroll down to the BNB asset and select Cross-Into.

You can transfer your BNB manually or import the private key directly for the cross-chain transfer.

Add BSC_MAIN network in the MetaMask plugin, the address needs to have BNB and other BEP20 assets.

The first asset cross-chain transfer requires authorization similar to the ETH network.

To do this follow the instructions below.

  • Select an asset, click on the cross-chain transfer button, and a pop-up window will appear.
  • Select the BSC network (MetaMask currently selects the BSC network).
  • Enter an amount which is not greater than the balance.
  • Click the “Confirm cross-chain transfer” button and a confirmation window will pop up in MetaMask.

Confirm the transaction on MetaMask and click the confirm button prompting you to send the transaction. (This may take a moment.)

Shortly, you can view the transferred BSC network assets in the Nerve wallet.

How to start staking:

  • Enter the staking page.
  • Click staking to gain rewards.
  • Fill in the staking information.
  • Calculate staking rewards after the confirmation.

Staking reward calculation and distribution:

You can calculate the staking rewards on the entire network based on NerveNetwork’s consensus mechanism rewards. You can also check the current rewards rate on explorer:

https://scan.nerve.network/.

Notes:

  • The rewards rate is currently at around 10.9%.
  • Staking rewards start at UTC 0 00:00 (UTC+8 8:00) to calculate the rewards from the previous day, and you can automatically distribute them on the chain the next day.
  • You cannot calculate the rewards from less than 24 hours of staking.

NerveNetwork Community

  • Weibo:https://weibo.com/u/7385139407
  • Twitter:https://twitter.com/nerve_network
  • GitHub:https://github.com/NerveNetwork
  • Reddit:https://www.reddit.com/user/NerveNetwork
  • Telegram:https://t.me/NerveNetwork
  • Facebook:https://www.facebook.com/groups/NerveNetwork

Resource list

  • Website:https://nerve.network/
  • Document:http://docs.nerve.network/
  • Github:https://github.com/NerveNetwork/nerve
  • Wallet:https://wallet.nerve.network/
  • Explorer:https://scan.nerve.network/
  • Data Service:http://public.nerve.network/
  • NULS Light Wallet:https://wallet.nuls.io/
  • NULS Explorer:https://nulscan.io/

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