How to create your personal Persistence(XPRT) account on Cosmostation Wallet (iOS/Android/Web).
Tags: Cosmostation, Persistence, Validator, Cosmos, English

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.

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