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  • DOCUMENTATION
    • Learn about the BIGB Platform
      • BIGB Overview: vision, strategy and platform components
      • The BIGB Blockchain
        • Discovering the Network
        • BIGB Consensus
        • Delegation through Staking with Validators
        • Ethereum (EVM) Compatibility and Smart Contracts
        • Boosting BIGB's Scalability
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        • Upgrade Guide
        • Upgrade Guide (explorer nodes)
        • Block 13,800,000 Fork
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    • BIGB Consensus
      • Contracts Overview
      • Stake, Delegate and Withdraw
      • Vote
      • End-of-Cycle Flow
      • Contract Addresses
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      • Getting started as a validator
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  • Stake
  • Delegate
  • Withdraw
  1. Developers
  2. BIGB Consensus

Stake, Delegate and Withdraw

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Last updated 2 years ago

The basic requirement to become a BIGB chain validator is to have a stake amount of at least 100,000 BIGB tokens. The stake amount is the sum of staked and delegated BIGB tokens of the address. This guide walks trough the process of using MEW (MyEtherWallet.com) in the process of using BIGB network.Roadmap - Those functionalities will be built into our Studio and will not require any technical knowledge in the future.

Stake

There are two options to stake (both should be called from the address which would be the validator)

  1. 1.Send BIGB tokens to the - 0x4f38869d5e6bD5E069ca878aA3016268501e7Fc5 on the BIGB network.

  2. 2.Call the `stake` function on the - 0x4f38869d5e6bD5E069ca878aA3016268501e7Fc5 on the BIGB network.

Delegate

BIGB token holders who don't want to run a node by themselves but still wish to participate in governing the network can delegate any amount to one of the validators.Delegating is done by calling the `delegate` function on the with the validator address as data (see screenshot from MEW).

delegate

Withdraw

Both stakers and validators can withdraw their BIGB tokens, up to the staked/delegated amount, at any time. The withdrawn amount will be deducted from the validator stake amount, and if the stake amount becomes below the minimum stake amount - the validator will be removed from the BIGB chain validators list.There are two options to withdraw:

1.Call the `withdraw` function on the with one parameter - the amount to withdraw. This call is for stakers, and will reduce the stake amount of the sender address.

2.Call the `withdraw` function on the with two parameters - validator address and amount to withdraw. This call is for both stakers (who can use their own address as the parameter) and for delegators to withdraw their delegated stake on a specific validator.

withdraw option no. 1
withdraw option no. 2
consensus contract
consensus contract
consensus contract
consensus contract
consensus contract