IoTeX Tutorial

ioPay is the official wallet for the IoTeX Network – you can use it to interact with the IoTeX blockchain to send/receive IOTX + XRC20 tokens, sign transactions, execute smart contracts, stake/vote for Delegates, interact with applications, and much more.…

https://www.youtube.com/watch?v=fYuVdSnoFO4

ioPay is the official wallet for the IoTeX Network – you can use it to interact with the IoTeX blockchain to send/receive $IOTX + $XRC20 tokens, sign transactions, execute smart contracts, stake/vote for Delegates, interact with applications, and much more. With ioPay, your public/private keys and cryptocurrency are safe and accessible so you can transparently manage your tokens and data.

▶️ Download: iopay-wallet.iotex.io

#iopay

YouTube

ioPay Tutorial

1.73K viewsedited 09:23

0:25

🌟 How to transfer tokens?

1️⃣ Login to ioPay and at the top bar find “SEND”
2️⃣ Paste address into "Receipt Address" field (you can also scan QR code with address to send tokens) and enter quantity into "Amount" field
3️⃣ Click "NEXT" in the upper right corner and confirm the transaction

No need to change the gas limit, it is set automatically

#TransferTokens

1.67K viewsedited 11:12

1:17

🌟 How do I stake and vote?

1️⃣ Login to ioPay
2️⃣ In the main menu at the top bar find “STAKE”
3️⃣ Click "New Stake" and select your voting parameters (Delegate, Amount, Stake Duration, Stake-Lock)

(Note: minimum amount to stake 100 IOTX)

4️⃣ Click "NEXT" in the upper right corner and confirm the staking/voting transaction

➡️ Step-by-Step Instructions

#CreateBucket #staking #voting

5.77K viewsedited 14:28

0:28

🌟 How to create Burn-Drop bucket?

1️⃣ Login to ioPay
2️⃣ In the main menu at the top bar find “STAKE”
3️⃣ Click "New Stake" and select your voting parameters (Delegate, Amount) and set your bucket to Stake-Lock ≥ 91 days to be eligible
4️⃣ Click "NEXT" in the upper right corner and confirm the transaction

Burn-Drop is a tokenomics design where IOTX is burned/dropped for every new device registered to the IoTeX Network, such as Ucam and Pebble.

Burn-Drop directly rewards long-term stakers, reduces the total supply of IOTX over time, and provides funding + network incentives to onboard new “Powered by IoTeX” devices.

For more information on Burn-Drop, see our detailed blog.

#BurnDropBucket #BurnDrop

2.48K viewsedited 15:41

0:23

🌟 How to check Burn-Drop rewards?

1️⃣ Login to ioPay
2️⃣ Go to “Actions” tab
3️⃣ At the top find “Stake”

There you will see “Add Stake” transaction history, those are your burn-drop rewards added automatically to your buckets.

For more information on Burn-Drop, see our detailed blog.

#BurnDropBucket #BurnDrop #rewards

2.02K viewsedited 16:39

0:19

🌟 How to switch your vote to another Delegate?

1️⃣ Login to ioPay
2️⃣ In the main menu at the top bar find “STAKE”
3️⃣ Select the bucket you want to switch your vote and click on it
4️⃣ Сlick “Edit” » “Change Delegate”
5️⃣ Click "NEXT" in the upper right corner and confirm the transaction

You may change your vote to another Delegate at any time.

#ChangeDelegate

2.63K viewsedited 16:42

0:18

🌟 How to restake bucket?

1️⃣ Login to ioPay
2️⃣ In the main menu at the top bar find “STAKE”
3️⃣ Select the bucket you want to restake and click on it
4️⃣ Сlick “Edit” » “Restake” » Enter a new value for your stake duration
(You may extend your stake duration at any time but it cannot be decreased)
5️⃣ Click "NEXT" in the upper right corner and confirm the transaction

The longer your stake duration, the more bonus votes/rewards you get!
Once your stake duration expires, your bonus votes will drop to zero.

#restake #StakeDuration

2.74K viewsedited 17:27

0:22

🌟 How to add IOTX to an existing bucket?

1️⃣ Login to ioPay
2️⃣ In the main menu at the top bar find “STAKE”
3️⃣ Select the bucket you want to add IOTX and click on it (must have stake-lock on)
4️⃣ Сlick “Edit” » “AddStake” » Enter the amount of IOTX you want to add
5️⃣ Click "NEXT" in the upper right corner and confirm the transaction

#AddStake

4.2K viewsedited 17:54

0:17

🌟 How to turn on/off Stake-Lock?

1️⃣ Login to ioPay
2️⃣ In the main menu at the top bar find “STAKE”
3️⃣ Select the bucket you want to turn off/on stake-lock
4️⃣ Сlick “Edit” » “Restake” » Turn off/on Stake-Lock
(you cannot decrease your stake duration when you turning off stake-lock)
5️⃣ Click "NEXT" in the upper right corner and confirm the transaction

#StakeLock

7.66K viewsedited 18:28

0:24

🌟 How to unstake bucket?

1️⃣ Login to ioPay
2️⃣ In the main menu at the top bar find “STAKE”
3️⃣ Select the bucket you want to unstake and click on it
4️⃣ Сlick “Edit” » “Unstake”
5️⃣ Click "OK" and confirm the transaction

The un-staking process lasts 3 days, after which you may withdraw your tokens to your wallet.

#unstake

9.26K viewsedited 21:50

0:28

🌟 How to withdraw bucket?

1️⃣ Login to ioPay
2️⃣ In the main menu at the top bar find “STAKE”
3️⃣ Select the bucket you want to withdraw and click on it
4️⃣ Сlick “Edit” » “Withdraw Stake”
5️⃣ Click "OK" and confirm the transaction
6️⃣ If the operation was successful, your staked tokens will show up in your wallet balance

#withdraw

4.6K viewsedited 09:13

0:23

🌟 How do I set Compound Interest Bucket?

1️⃣ Login to ioPay
2️⃣ In the main menu at the top bar find “STAKE”
3️⃣ Сlick “Compound” and select the buckets you want to receive your compound interest
(Note: your compound interest bucket must have Stake-Lock ON)
4️⃣ Сlick “Contunue” and confirm the transaction
5️⃣ If you want to remove buckets that receive compound interest, then click “Compound”, select them and click “Remove”

By setting a compound interest bucket, all of your staking rewards (from Hermes Delegates only) will be automatically added to your compound interest bucket to maximize your compound interest.

Find out more about Compound Interest: https://community.iotex.io/t/compound-interest-bucket-for-iotex-stakers/1585

#compound

3.34K viewsedited 09:37

0:53