Delegation of LikeCoin

Saving all the LikeCoin and don't know what to do with it? Consider to delegate them to a validator and earn rewards

Delegation means delegating LikeCoin to one or more validators, letting them to represent you to raise proposals and vote for or against the proposals, and most importantly to earn rewards. Delegation demonstrates liquid democracy and is vital to the autonomy for The Republic of Liker Land.

Step 1: Select a validator

Open the Liker Land mobile app, click on the avatar at the lower right hand corner, then click the amount of LikeCoin to enter into the wallet page. In this page you can check the LikeCoin amount that you have and there is a list of validators underneath. To start with, there are seven organizations/corporations/groups as genesis validators for The Republic of Liker Land. You can select one of them as you like.

Please note the commission rate of each validator may not be the same.

Click on the avatar at the lower right hand corner
Click the amount of LikeCoin to enter into the wallet page

Select one of the validators and bring up the page below, list out percentage of Rewards, Voting Power and how much LikeCoin is being delegated to this validator (Liker Share).

Click [Delegate] and go to the next page.

Step 2: Input the amount of LikeCoin to delegate

Click [Delegate] to bring up the following page, input the amount of LikeCoin that you would like to delegate to the validator, then click [Next]

The confirmation page is displayed, showing the validator's wallet address, click [Details] to reconfirm the amount to delegate and check the transaction fee estimation.

Click [Confirm], after a few seconds it displays "Transaction Completed", which means delegation of LikeCoin is completed.

Step 3: Relax and earn rewards!

Going back to the wallet page, you can drag down the screen and refresh wallet status.

The LikeCoin rewards earned from delegation will be released every 5 or 6 seconds. quicker than monthly interest from the bank! You can check out the [Delegating Rewards] amount from the validator page, or click [Withdraw Rewards] to save the rewards back to your wallet. The minimum withdrawal amount on the Liker Land app is 1 LikeCoin.

Validator with your delegation will be displayed as green.

Transaction fees are required for ‌Delegate LikeCoin and Withdraw Rewards.