COQNet CLIMAX: How to Stake COQ and Become a Validator
Stake COQ and validate COQnet easily.
This guide explains how to stake COQ tokens and become a validator on COQnet via GoGoPool’s L1 Marketplace (L1M) without dealing with technical complexities. By following these step-by-step instructions, you can participate in the staking campaign and earn rewards on COQnet.
Key Concepts on COQ Staking
Node Availability
The amount of nodes available for staking on COQnet is limited. Here’s how it works:
Nodes are released in batches at different times.
A user can only stake if nodes are available in the current batch.
The Staking Widget on the COQnet project page shows how many nodes are remaining in the current batch. Once all nodes in a batch are staked, you’ll need to wait for the next batch to be released.
Keep an eye on the Staking Widget to know when new batches are available.
Batch Details
BATCH 1: Early whitelist for community members and builders to give engineering feedback - up to 20 spots
BATCH 2: Whitelist created from X engagements on announcement post - up to 180 spots
BATCH 3: Open to all eligible users, first come, first serve - up to 1000 spots
Wallet Eligibility
To stake COQ, your wallet must meet the following criteria:
Chill Factor Score: Only wallets with a Chill Factor score above 69,420 can stake.
The Chill Factor score is based on your wallet’s activity and history within the Avalanche ecosystem. You can check your wallet's Chill Factor score here.
Staking Limits
Each wallet has the following staking limits:
You can stake a maximum of three times, meaning you can run up to three validator nodes per wallet.
Once you’ve reached the maximum limit, you won’t be able to stake additional COQ from the same wallet.
Staking Parameters
Staking on COQnet has the following parameters:
APY: 9000%
Staking Duration: 30 days
Staking Amount: 20,000,000 COQ (fixed and non-changeable)
Fees:
P-Chain PAYG (Pay-as-you-go) Fee: 1.33 AVAX (the fee of being a L1-only validator on the Avalanche network for one month).
Node Fee: $40 USD, paid in AVAX (paid to the hardware provider to set up and run a node on users behalf, subject to change based on AVAX's price).
Rewards: 147,945,205 COQ per node (claimable after the staking period ends)
Stake COQ and Become a Validator on COQnet
Visit the L1 Marketplace
Go to GoGoPool’s L1 Marketplace page.
Explore Layer 1 projects like COQnet by browsing trending projects, top projects, or categories.
Connect Your Wallet
Click the Connect Wallet button and connect your EVM-compatible wallet (e.g., Core, Rabby, MetaMask).
Ensure your wallet is connected to the Avalanche C-Chain network.
Ensure your wallet meets the Chill Factor score requirement and has sufficient funds:
At least 20,000,000 COQ for staking.
Sufficient AVAX to cover the P-Chain PAYG fee and node fee.
Note: Your funds should be on the Avalanche C-Chain.
Explore COQnet Marketplace Page
Click on COQnet to visit its project page.
On this page, you’ll find:
Brief information about COQnet.
Links to the project’s socials and whitepaper.
Details about the COQ staking campaign (i.e., APY, Total Value Locked (TVL), number of stakers).
A Staking Widget that shows how many nodes are remaining in the current batch and includes a Stake button.
Start the Staking Process
Click the Stake button in the Staking Widget.
A wizard will appear with the following details:
Staking Amount: 20,000,000 COQ (fixed and non-changeable).
Staking Duration: 30 days (fixed and non-changeable).
Staking Summary: Includes the staking duration, unlock date, reward APY, P-Chain PAYG fee, and node fee.
Once everything looks good, click Stake COQ.
Next Steps
After the staking period ends, you can claim your rewards. Check the Managing Your COQ Staking and Rewards on Coqnet for more information on claiming rewards.
If you encounter any issues, refer to the GoGoPool Discord or contact the team for assistance.
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