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How Staking Works

By January 14, 2020 No Comments

How Staking Works on the Freight Trust Network

This diagram gives an outline of how staking $BOL tokens generates $FTN

$BOLBill of Lading ERC-20 Token (BOL)
$FTNFreight Trust Blockchain Native Token (FTN)

In order to submit transactions to the network, you must have $BOL in an Ethereum Wallet.

You must generate a wallet address for the Freight Trust Network. Read our guide at github.com/freight-chain/staking/generate-wallet

Then you register the wallet with us at github.com/freight-chain/staking
Note: We will have a decentralized application published upon security audit.

You will receive a deposit in your wallet address that you registered with us.

You can use a light client like MetaMask, no need to run a full node as well!

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