How to create your personal Persistence(XPRT) account on Cosmostation Wallet (iOS/Android/Web).
Download Cosmostation Mobile (iOS & Android) or visit Cosmostation Web Wallet now to create your personal wallet and begin securely sending, delegating, claiming rewards, and managing your Persistence mainnet XPRT tokens.
We are happy to announce the latest update to Cosmostation Mobile (iOS & Android) and Cosmostation Web Wallet — Support for Persistence.
Persistence is leveraging blockchain technology to facilitate seamless asset exchange. Using Web 3.0 protocols, Persistence is providing the infrastructure for the creation of a suite of bleeding edge financial products ranging from NFT marketplaces and tokenized ‘real-world’ debt trading platforms to staking-as-a-service infrastructure.
Cosmostation and Persistence have entered into a strategic partnership to work together on building a global platform for decentralized finance. As an ecosystem partner, Cosmostation will be securing Persistence as a validator node operator and support Persistence on Cosmostation Mobile (iOS/Android) & Cosmostation Web Wallet. To find out more about our partnership, please visit the blog post below.
We are more than a Persistence Validator
Cosmostation is an enterprise-level validator infrastructure provider and end-user application developer for various PoS networks, with a strong focus on networks built with the Cosmos SDK and Tendermint Engine.
We believe that providing secure and user-friendly tools for the ecosystem is just as important as operating a stable and secure validator node. End-user applications with good UI/UX improves the overall accessibility of the network as well as its appeal to the general masses. Below are some of the products we have developed for the XPRT ecosystem.
Cosmostation Web Wallet
Web Wallet for PC. Connect your Ledger Hardware wallet or personal wallet via Keystation(explained below) to make secure transactions on Persistence Network.
*Please note that the Cosmos on Ledger only supports the default Cosmos derivation path. The wallet address derived from the derivation path on your Ledger device may be different from the wallet addresses supported on the mobile wallet.
Keystation
End-to-end encrypted key management system for networks built with the Cosmos SDK. Open source, no installation required. Keystation allows users to access their personal accounts on Cosmostation Web Wallet even without a hardware wallet.
Cosmostation Mobile Wallet
Open source, non-custodial mobile wallet for XPRT. Available in both iOS and Android.
Cosmostation is an open-source, non-custodial wallet for networks built with Tendermint. Cosmostation mobile wallet is the wallet of choice for the majority of users within the Cosmos ecosystem. To learn more about Cosmostation Wallet and how the application keeps your funds safe & secure using local-signing, please read the blog posts below.
Persistence XPRT Token
XPRT is the native token of the Persistence ecosystem which carries a variety of use cases including governance of the Persistence main-chain, participating in staking to contribute to network security, and its role as a work token.
Governance
XPRT holders will be able to take part in protocol governance by issuing proposals and voting on various factors which will impact the broader Persistence ecosystem.
Staking
As the Persistence chain runs on delegated Proof-of-Stake based Tendermint PBFT consensus engine, staking is integral to ensuring a secure and robust network.
Persistence has onboarded some of the world’s top validators, distributed globally. XPRT token holders will be able to delegate their tokens to our network validators for staking. Stakers will receive rewards in the form of XPRT in return for contributing to the security of the network.
The current staking APR is 42.3%!
XPRT is the token around which the entire ecosystem is built, thus staking XPRT to secure the chain will result in a great deal of exposure to multiple dApps in the ecosystem for stakers.
Create your Persistence wallet on Cosmostation Mobile Wallet (iOS & Android)
Here’s a detailed guide on how to create your XPRT wallet and begin securely sending, delegating, earning passive income in XPRT all in the palm of your hand.
IMPORTANT
*It is NOT recommended to take your hardware wallet seed phrase and import that into the mobile wallet and/or keystation. Importing your hardware wallet seed phrase on soft wallets can potentially increase risk of loss of your funds.
#1 Download Cosmostation Wallet
Cosmostation Mobile Wallet is available in both iOS and Android. Search “Cosmostation” in Apple Store or Google Play to download and install the application.
iOS: https://apple.co/2IAM3Xm
Android: https://bit.ly/2BWex9
#2 Create a XPRT wallet
Cosmostation Wallet supports XPRT, CRO, FET, SENT, AKT, ATOM, KAVA, BAND, CTK, IOV, IRIS, BNB, OKT. Create your personal XPRT address after opening the application. If you already have a personal XPRT account, simply press “Import” to import your existing mnemonic phrase and load up your wallet.
Press “Create” -> “XPRT Mainnet” -> “Show Mnemonics” -> Back up your mnemonic phrase and keep it in a safe place only accessible by you (Important)
Next, Insert your PIN -> Confirm your PIN -> Your personal XPRT wallet
- Please note that there is no way to recover your PIN once you lose it. Cosmostation does not store any user information.
- Please remember to keep your generated mnemonic phrase securely in a safe location only accessible to you. Losing your mnemonic phrase can lead to loss of your funds, and there is no way for you to recover them.
#3 Deposit XPRT to your address
If you do not have any XPRT in your account, you will need to deposit XPRT to your address to begin making transactions with your account.
Press the QR code icon on the left of your address -> Press “Copy” to copy your personal XPRT address.
- Send XPRT to your personal address from another personal address or from an exchange address.
#4 Delegate(Stake) your XPRT to validators for passive income
Now that you have XPRT in your account, you can make delegations to validators of your choice to start earning delegation rewards.
Press the “Delegate” button in the main dashboard -> Press the “Top” tab to view the top 100 validators open for delegation -> Select Cosmostation and press the “Delegate” button.
Enter the amount you wish to delegate -> Enter memo (optional) -> Select transaction fee -> Confirm Tx detail -> Enter PIN
- Please note that you will not be able to make additional transactions (claim rewards, send, etc.) if you delegate your entire available amount. Make sure to leave a minimal amount of XPRT for transaction fees for future transactions.
- Your total delegated(staked) amount will show up under “delegated” in the main dashboard.
#5 Claim your XPRT staking rewards
Now that you’ve delegated your XPRT, your XPRT staking rewards will be accumulated on a per-block basis. Manually claim these unclaimed rewards in order to have it transferred to your available amount.
Press “Delegate” -> Press the validator you wish to claim rewards from under the “My” tab -> Press “Claim Reward” -> Press next to confirm your transaction -> Enter PIN
- Your claimed rewards will now show up under “available” in the main dashboard.
#6 Withdraw XPRT from your account
Securely withdraw(send) your XPRT to another address.
Press the “Send” button (blue circle with the rocket icon) -> Enter recipient address -> Enter the amount you wish to withdraw -> Insert memo (optional) -> Select transaction fee -> Confirm Tx detail -> Enter PIN
- Please note that if you are withdrawing funds to an exchange address, there may be a “memo” required. Most exchanges use a memo specifically assigned to each user to identify deposits and match them with corresponding accounts. If you withdraw funds to an exchange without including the required memo, your funds may get lost without a way to recover it.
#7 Undelegate from a validator
You can choose to undelegate a portion of your delegation. Undelegation from a validator takes up to 21 days for your funds to become available for transfer. During this period, the amount requested for undelegation will be displayed in the dashboard under “undonding.”
Press the “Undelegate” button -> Enter the amount you wish to undelegate -> Insert memo (optional) -> Select transaction fee -> Confirm Tx detail -> Enter PIN
- Once you send an undelegation transaction, the amount you undelegated will be in unbonding period for 21 days and therefore will not be available for transactions.
Create your XPRT wallet on Cosmostation Web Wallet.
For PC users, visit https://wallet.cosmostation.io to connect your Ledger Hardware Wallet or create a XPRT mainnet wallet via Keystation and begin staking your tokens for passive income.
Ledger Hardware Wallet
Press “Connect to Ledger” to connect your Ledger Hardware Wallet to Cosmostation Web Wallet. We recommend Hardware Wallet users to only use this method to access their wallet. Follow instructions on the pop-up to securely connect your ledger and begin making transactions using your Ledger Hardware Wallet device.
*It is NOT recommended to take your seed phrase imported on your hardware wallet and import that into other soft wallets and/or keystation. Importing your hardware wallet seed phrase on soft wallets can potentially increase risk of loss of your funds.
Keystation
Keystation is an end-to-end encrypted key manager for networks built with the Cosmos SDK. We have integrated Persistence to Keystation to allow users to interact with XPRT from their PC. Please make sure to read the blog post below to learn more about Keystation.
How to create/import a new XPRT wallet on Keystation.
- Press “Connect Wallet” in the main dashboard of Cosmostation Web Wallet.
- Press “Connect to Keystation”
- Press “Import Wallet,” type in a nickname for your account and enter your mnemonic phrase.
- Set your PIN (4 numbers + 1 alphabet) — **your mnemonic phrase is encrypted using the PIN.
- Copy and paste your encrypted mnemonic phrase into the empty box.
- Press [Save] when Chrome/Safari asks permission to save your acount name and encrypted mnemonic phrase.
Through the process above, the user’s mnemonic phrase is encrypted and stored in Keychain using Chrome/Safari browser’s key management system.
Allowing your stored mnemonic phrase to be immediately accessed and used for transactions could be considered dangerous. For this reason, we added an extra layer of security by requiring users to set a PIN.
This PIN is used to encrypt the user’s mnemonic phrase using JavaScript AES encryption before the user’s mnemonic phrase is stored in the browser’s Keychain.
You’re all set! You can navigate through the web wallet and begin staking your XPRT tokens for passive income, securely send your XPRT tokens to another wallet, and manage your account.
Must-Know & Precautions
What you need to know before implementing Keystation to your decentralized application.
- No user input (mnemonic phrase, PIN) is controlled by Keystation. User input in stored in Chrome/Safari’s key management system, only accessible by the owner of the account logged into the browser.
- When using Keystation, make sure that you are the only person with access to the device you are using. If you use a device shared by multiple people, always remember to log out of your account on the browser.
- Keystation is open source. Feel free to implement Keystation as a key management, log-in, authentication system for your decentralized application built with the Cosmos SDK.
- Any network supported by CosmosJS developed/maintained by Cosmostation can be supported on Keychain.
About Cosmostation
Cosmostation is an enterprise-level node infrastructure provider based in Seoul, South Korea. We are a team of 10 developers, engineers, and dreamers united with one objective — to provide a universe full of useful tools and solutions for Tendermint-based projects.
Cosmostation’s operation philosophy is geared by and for the community. You’ve put your trust on us, and so should we. Along with high security, development of projects within the ecosystem, and our promise to delegators, Cosmostation will constantly update and research better ways to fairly reward and protect our delegators to expand the network.
Please visit the links below to begin this journey with Cosmostation!
E-mail: business@cosmostation.io
Official Website: https://www.cosmostation.io/
Cosmos Web Wallet: https://wallet.cosmostation.io/
Cosmos Android Wallet: Android — Google Play Store
Cosmos iOS Wallet: iOS — iTunes App Store
Wallet User Guide: https://www.cosmostation.io/files/guide_EN.pdf
Block Explorer: https://www.mintscan.io/
Medium: https://medium.com/cosmostation/
Twitter: https://twitter.com/CosmostationVD
Telegram: https://t.me/cosmostation
