How to Stake BTSG on the BitSong App
Introduction
Welcome to the world of staking, where your BTSG tokens work as hard as you do! In a Delegated Proof-of-Stake (dPoS) chain like BitSong, staking means “locking up” your tokens with a trusted validator to help secure the network. In return, you earn real-time rewards, kind of like earning interest in a savings account, but way cooler.
Why Stake BTSG?
- Network Security: Validators validate blocks and keep everything running smoothly. By staking, you’re essentially vouching for the network’s honesty.
- Earn Rewards: As each block is minted (every ~5–6 seconds), new BTSG tokens are created. Your share of those tokens depends on how many BTSG you stake, imagine planting seeds that sprout tiny BTSG trees every few seconds!
- Community Power: Staking gives you a voice. The more tokens you stake, the more “voting power” you have in on-chain governance decisions (yes, you can help shape the platform’s future).
Think of staking like joining a group fitness class: you contribute to the collective strength (network security), and you get rewarded with a healthier ecosystem (rewards in BTSG). Plus, no heavy lifting, your tokens just sit there and earn.
Prerequisites
Before diving in, make sure you have:
- A BitSong Wallet• If you don’t yet have one, follow one of these guides:
- Keplr Extension: Create a BitSong Wallet with Keplr
- BitSong App: Create a BitSong Wallet via BitSong App
- BTSG in Your Wallet• If your wallet is empty, load it up using any of these methods:
- Deposit from another wallet (copy/paste your BitSong wallet address)
- Buy via Coinbase onramp: How to Buy BTSG with Coinbase
- Swap on Osmosis.
- Internet Connection and a Web Browser (desktop or mobile).
Once you’ve got BTSG in your BitSong wallet, you’re ready to stake and start earning.
Step-by-Step Guide
Step 1 – Log In to the BitSong App
Go to BitSong App
- Log in by choosing one of these options:
- Email (enter your email, get a one-time code, and log in)
- Google (tap the Google button and select your account)
- Keplr/Web3 Wallet (connect directly via the Keplr or Leap extension)
Step 2 – Navigate to the “Staking” Section
- After logging in, look for the left-side menu (or the bottom-right button on mobile).
- Click or Tap the “Staking” icon or label.
(It’s like finding the “VIP Lounge” at a festival, this is where your BTSG goes to party and earn rewards.)
Step 3 – Start Staking
- On the Staking page, you’ll see a big “Start Now” button in the center.
- Click or Tap “Start Now”. A small staking widget will pop up.
Step 4 – Select a Validator
- In the staking widget, tap “Select Validator”.
- Scroll through the list and pick one (or more) active validators to delegate to.
- ✅ Do your research: visit validator websites, check their commission rates, and see if they have a good track record.
- 🤝 A safe strategy is to split your stake across 2–3 validators to reduce risk, like buying concert tickets in different price zones in case one section gets rained out.
(Validators are like club promoters. Choose ones with a good reputation, because they ensure the music, or in this case, block production, keeps pumping.)
Step 5 – Enter Amount & Delegate
- After selecting a validator, input the amount of BTSG you want to delegate in the widget.
- The widget automatically calculates the network fee (in BTSG) and shows it right there.
- Click or Tap “Delegate”.
(Delegating is like reserving your spot on the dance floor, you commit those tokens to the validator’s work.)
Step 6 – Confirm the Transaction
Depending on how you’re logged in, two scenarios appear:
- Email or Google Login:
- The app will ask for your wallet password, the one you created when generating your wallet.
- Enter the password and click “Submit”. (Think of this as swiping your membership card for access.)
- Web3 Wallet (Keplr or Leap):
- A popup from your wallet will ask you to sign the delegation.
- Approve/Sign the transaction.
Step 7 – Wait for Confirmation
- Once you confirm or sign, the transaction is broadcast to the network.
- Wait a few seconds for confirmation, BitSong blocks are minted every ~5–6 seconds.
- When confirmed, the Staking page will show your delegation under “Total Delegated”, along with rewards starting to accumulate.
Step 8 – Monitor Your Rewards
- On the Staking page, you’ll see:
- Total Staking: your Total Delegated + Total Rewards
- Total Delegated: the amount you currently have staked
- Total Rewards: the tokens you’ve earned but haven’t claimed yet
Every 5–6 seconds (each block), new BTSG is minted and your “Rewards” counter updates in real time, like watching your bank balance tick up at a slot machine!
Step 9 – Claim Your Rewards
- On the Staking page, look for “Claim Rewards” (upper right).
- Click or Tap “Claim Rewards”. The widget will calculate your available rewards and show the network fee required.
- Click or Tap “Claim” again.
- If you logged in by Email/Google, enter your wallet password to confirm.
- If you used Keplr/Leap, sign the transaction in your wallet popup.
- After confirmation, the claimed BTSG moves from “Rewards” to your available balance, ready for any action, staking again, sending, or swapping.
(Claiming is like cashing out your winnings, now you can reinvest or spend those tokens however you like.)
Step 10 – “Undelegate” or “Redelegate” When Needed
- Click or tap on any validator from your staking list to open an options widget. You’ll see two key buttons:
- “Undelegate”: Use this when you want to unstake tokens and have them become liquid again.
- Important: BitSong has a 21-day unbonding period, so your tokens will be locked for those 21 days and won’t earn rewards during that window.
- “Redelegate”: Move your stake from one validator to another without waiting 21 days. The tokens continue earning rewards seamlessly.
- “Undelegate”: Use this when you want to unstake tokens and have them become liquid again.
(Undelegating is like giving your stakes a vacation, they’re still yours but not earning until they come back after 21 days. Redelegating is like switching the radio station without pausing your music.)
Quick Overview at the Top of the Staking Page
- Total Staking: sum of all your delegated tokens + accumulated rewards
- Total Delegated: tokens currently staked (voting power)
- Total Rewards: unclaimed tokens ready to be withdrawn
(Think of this like your dashboard at a theme park, total rides, active rides, and how many times you’ve been on each.)
Happy Staking!!
Congratulations, you’re now a BTSG staker extraordinaire! By staking, you’re not just earning a juicy 24–26% APR (depending on validator commissions) but also strengthening the BitSong network for everyone. It’s like planting trees in a forest you love, the healthier the forest, the more beautiful the music we all enjoy.
Keep an eye on your rewards, mix and match validators to spread risk, and stay tuned for more tutorials on how to make the most of your BTSG: from buying Music NFTs to participating in on-chain governance. Thank you for being part of this revolution, your tokens are now hard at work, helping build the future of Web3 music.
Your friendly guides to Web3 Music with Web2 Simplicity, 🎶🔒🚀
⚠️ Disclaimer:
Cryptocurrency purchases carry risks, including market volatility and potential loss of principal. This guide is for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (“DYOR”) before making any decisions, and consider consulting a qualified financial advisor to ensure any crypto activity aligns with your risk tolerance and financial goals.