Evmos Evmos Claiming & Staking Guide on Keplr Wallet

<p>We are all very excited about the Rektdrop that initially took place on the 2nd of March 2022. It is now possible to claim EVMOS tokens on your Keplr Wallet!</p><div class="kg-card kg-callout-card kg-callout-card-grey"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text"><strong><em><u>Prerequisites</u></em></strong><br>Before we proceed you will need to have the following: <br>1. A Keplr account<br>2. A Metamask account<br>3. A small amount of OSMO in your Keplr wallet.</div></div><p>  </p><h2 id="connecting-your-metamask-to-evmos-network"><strong>Connecting your Metamask to Evmos network</strong></h2><p>  <br>To claim your tokens on Keplr, you will need to import your Keplr account to your Metamask.  To do so, you will need your Metamask account to be connected to the Evmos network. Head to the <a href="https://chainlist.org/">Chainlist website</a>, type in Evmos and select "Connect Wallet" . </p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2022/05/image-12.png" class="kg-image" alt loading="lazy" width="2000" height="987" srcset="https://economy.p2p.org/content/images/size/w600/2022/05/image-12.png 600w, https://economy.p2p.org/content/images/size/w1000/2022/05/image-12.png 1000w, https://economy.p2p.org/content/images/size/w1600/2022/05/image-12.png 1600w, https://economy.p2p.org/content/images/size/w2400/2022/05/image-12.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>Metamask will pop-up and ask you for a Signature Request which you need to sign to proceed. Next, approve the next pop-up that asks permission to add the Evmos network. A final request to switch the network to Evmos needs to be approved. </p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2022/05/image-23.png" class="kg-image" alt loading="lazy" width="1219" height="700" srcset="https://economy.p2p.org/content/images/size/w600/2022/05/image-23.png 600w, https://economy.p2p.org/content/images/size/w1000/2022/05/image-23.png 1000w, https://economy.p2p.org/content/images/2022/05/image-23.png 1219w" sizes="(min-width: 720px) 720px"></figure><p>You are now ready to claim your Evmos!<br>   <br> </p><h2 id="claiming-your-evmos-on-keplr-wallet"><strong>Claiming your Evmos on Keplr Wallet!</strong></h2><p>  <br>1. First go to the <a href="https://app.evmos.org/mission-control">official EVMOS dashboard</a> and connect your Keplr wallet in the top right hand corner. </p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2022/05/image-9.png" class="kg-image" alt loading="lazy" width="2000" height="132" srcset="https://economy.p2p.org/content/images/size/w600/2022/05/image-9.png 600w, https://economy.p2p.org/content/images/size/w1000/2022/05/image-9.png 1000w, https://economy.p2p.org/content/images/size/w1600/2022/05/image-9.png 1600w, https://economy.p2p.org/content/images/size/w2400/2022/05/image-9.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>2. Here you will be able to verify your eligibility to receive EVMOS from the Rektdrop. If you see a positive number under "Total Tokens Claimable" you are good to go. </p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2022/05/image.png" class="kg-image" alt loading="lazy" width="2000" height="956" srcset="https://economy.p2p.org/content/images/size/w600/2022/05/image.png 600w, https://economy.p2p.org/content/images/size/w1000/2022/05/image.png 1000w, https://economy.p2p.org/content/images/size/w1600/2022/05/image.png 1600w, https://economy.p2p.org/content/images/size/w2400/2022/05/image.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>3. If you are eligible select the Import button. </p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2022/05/image-10.png" class="kg-image" alt loading="lazy" width="2000" height="956" srcset="https://economy.p2p.org/content/images/size/w600/2022/05/image-10.png 600w, https://economy.p2p.org/content/images/size/w1000/2022/05/image-10.png 1000w, https://economy.p2p.org/content/images/size/w1600/2022/05/image-10.png 1600w, https://economy.p2p.org/content/images/size/w2400/2022/05/image-10.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>4. Make sure that your Metamask is correctly connected to Evmos. You can check that you are connected to the Evmos network at the top of your metamask wallet extension. </p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2022/05/image-27.png" class="kg-image" alt loading="lazy" width="706" height="140" srcset="https://economy.p2p.org/content/images/size/w600/2022/05/image-27.png 600w, https://economy.p2p.org/content/images/2022/05/image-27.png 706w"></figure><p>After selecting "IMPORT" a pop-up will appear. <br><br>5. Again before you proceed, make sure that you have a small amount of OSMO (&lt;1) to execute the transaction. When you are ready select Import at the bottom of the pop-up. </p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2022/05/image-15.png" class="kg-image" alt loading="lazy" width="880" height="546" srcset="https://economy.p2p.org/content/images/size/w600/2022/05/image-15.png 600w, https://economy.p2p.org/content/images/2022/05/image-15.png 880w" sizes="(min-width: 720px) 720px"></figure><p>6. You will be prompted to Keplr to approve the IBC transfer. Select approve. </p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2022/05/image-17.png" class="kg-image" alt loading="lazy" width="348" height="122"></figure><div class="kg-card kg-callout-card kg-callout-card-grey"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text">You will now have to wait approximately 15 minutes for the import to execute. Only do it once and be patient.&nbsp;</div></div><p>7. Once executed, you can disconnect your Keplr Wallet from the Dashboard and connect your Metamask account. Next select the claim button. </p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2022/05/image-19.png" class="kg-image" alt loading="lazy" width="2000" height="874" srcset="https://economy.p2p.org/content/images/size/w600/2022/05/image-19.png 600w, https://economy.p2p.org/content/images/size/w1000/2022/05/image-19.png 1000w, https://economy.p2p.org/content/images/size/w1600/2022/05/image-19.png 1600w, https://economy.p2p.org/content/images/size/w2400/2022/05/image-19.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>8. You will be redirected to a series of tasks to perform. Each time you perform a task you will receive 25% of the claimable EVMOS. </p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2022/05/image-20.png" class="kg-image" alt loading="lazy" width="1161" height="444" srcset="https://economy.p2p.org/content/images/size/w600/2022/05/image-20.png 600w, https://economy.p2p.org/content/images/size/w1000/2022/05/image-20.png 1000w, https://economy.p2p.org/content/images/2022/05/image-20.png 1161w" sizes="(min-width: 720px) 720px"></figure><p>As you already executed a IBC Transfer (mission 3), you should already have claimed some of your EVMOS. </p><h3 id="mission-1-vote-on-a-governance-proposal"><em>Mission 1: Vote on a governance proposal. </em></h3><p>Its pretty straight forward,  first select "Vote" and it will redirect you to the governance page. Select a proposal and confirm your vote. </p><h3 id="mission-2-staking-your-evmos"><em>Mission 2: Staking your Evmos. </em></h3><p>1. Go to the official Evmos UI <a href="https://app.evmos.org/mission-control">here</a>. Once there, make sure that your Metamask wallet is connected. </p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2022/04/image-69.png" class="kg-image" alt loading="lazy" width="2000" height="371" srcset="https://economy.p2p.org/content/images/size/w600/2022/04/image-69.png 600w, https://economy.p2p.org/content/images/size/w1000/2022/04/image-69.png 1000w, https://economy.p2p.org/content/images/size/w1600/2022/04/image-69.png 1600w, https://economy.p2p.org/content/images/size/w2400/2022/04/image-69.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>2. Go the staking page: <a href="https://app.evmos.org/staking">https://app.evmos.org/staking</a></p><p>3. Next, select "View Validators"</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2022/04/image-74.png" class="kg-image" alt loading="lazy" width="2000" height="920" srcset="https://economy.p2p.org/content/images/size/w600/2022/04/image-74.png 600w, https://economy.p2p.org/content/images/size/w1000/2022/04/image-74.png 1000w, https://economy.p2p.org/content/images/size/w1600/2022/04/image-74.png 1600w, https://economy.p2p.org/content/images/size/w2400/2022/04/image-74.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>4. Find the Validator of your choice and select "Manage".</p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2022/04/image-75.png" class="kg-image" alt loading="lazy" width="2000" height="116" srcset="https://economy.p2p.org/content/images/size/w600/2022/04/image-75.png 600w, https://economy.p2p.org/content/images/size/w1000/2022/04/image-75.png 1000w, https://economy.p2p.org/content/images/size/w1600/2022/04/image-75.png 1600w, https://economy.p2p.org/content/images/2022/04/image-75.png 2224w" sizes="(min-width: 720px) 720px"></figure><p>5. A pop up will appear with a small description of your validator. To continue select "Delegate". </p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2022/04/image-76.png" class="kg-image" alt loading="lazy" width="852" height="652" srcset="https://economy.p2p.org/content/images/size/w600/2022/04/image-76.png 600w, https://economy.p2p.org/content/images/2022/04/image-76.png 852w" sizes="(min-width: 720px) 720px"></figure><p>6. Enter the amount you wish to stake and select "Delegate". </p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2022/04/image-79.png" class="kg-image" alt loading="lazy" width="856" height="873" srcset="https://economy.p2p.org/content/images/size/w600/2022/04/image-79.png 600w, https://economy.p2p.org/content/images/2022/04/image-79.png 856w" sizes="(min-width: 720px) 720px"></figure><p>7. A pop up from Metamask will appear asking you to confirm the transaction. Select "Sign" to do so. </p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2022/05/image-21.png" class="kg-image" alt loading="lazy" width="365" height="134"></figure><p>8. Thats it! You can verify your staking balance on the staking page as indicated in the image below. </p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2022/04/image-83.png" class="kg-image" alt loading="lazy" width="2000" height="305" srcset="https://economy.p2p.org/content/images/size/w600/2022/04/image-83.png 600w, https://economy.p2p.org/content/images/size/w1000/2022/04/image-83.png 1000w, https://economy.p2p.org/content/images/size/w1600/2022/04/image-83.png 1600w, https://economy.p2p.org/content/images/size/w2400/2022/04/image-83.png 2400w" sizes="(min-width: 720px) 720px"></figure><p>You can unstake your EVMOS at anytime. The cooling down period is 14 days, after that your tokens will be transferable!</p><h3 id="mission-3-execute-an-ibc-transfer"><em>Mission 3: Execute an IBC Transfer</em></h3><p>You will have already accomplished this task when you imported your Keplr Wallet to Metamask. </p><h3 id="mission-4-use-the-evm"><em>Mission 4: Use the EVM</em></h3><p>To complete this mission, you need to interact with a dApp on Evmos. Go back to the <a href="https://app.evmos.org/mission-control">Missions Control page</a> on the dashboard, and scroll down until you see "APPS ON EVMOS". You can execute a transaction or interact with a smart contract in any of those apps to receive your remaining EVMOS. </p><figure class="kg-card kg-image-card"><img src="https://economy.p2p.org/content/images/2022/05/image-22.png" class="kg-image" alt loading="lazy" width="804" height="560" srcset="https://economy.p2p.org/content/images/size/w600/2022/05/image-22.png 600w, https://economy.p2p.org/content/images/2022/05/image-22.png 804w" sizes="(min-width: 720px) 720px"></figure><p>A simple way to complete this mission is to use <a href="https://diffusion.fi/">Diffusion Finance</a> and perform a small swap transaction. </p><p>Thats it, you should now have received all your Evmos tokens!</p><div class="kg-card kg-callout-card kg-callout-card-grey"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text"><strong>Now repeat the steps in the "<em>Mission 2: Staking your Evmos" </em>and stake the rest of your EVMOS is you want to benefit from compounding your EVMOS.</strong></div></div><p>If you have any questions, feel free to join our<a href="https://t.me/P2Pstaking"> Telegram chat</a>, we are always open for communication.</p><hr><p><strong>About P2P Validator</strong></p><p><em><a href="https://p2p.org/">P2P Validator</a> is a world-leading staking provider with the best industry security  practices and proven expertise. We provide comprehensive due-diligence  of digital assets and offer only high class staking opportunities. At the time of the latest update, <strong><strong><strong><strong><strong><strong><strong><strong>more than </strong></strong></strong></strong>2.9<strong><strong><strong><strong> billion of USD value is staked with P2P Validator by over 2</strong></strong></strong></strong>5<strong><strong><strong><strong>,000 delegators across 25+ networks.</strong></strong></strong></strong></strong></strong></strong></strong></em></p><p><em>Want to stake EVMOS with us? Visit <a href="https://p2p.org/evmos">https://p2p.org/evmos</a> to find out more about Evmos staking.</em></p>

Romain Van Der Cam

from p2p validator

Evmos, Cosmos Evmos Relaunch Frequently Asked Questions

<p>We love to see the excitement surrounding the EVMOS relaunch! We want to make sure that all participants are clear of any doubts during this event so we have gone through the forums and community channels and collected the most commonly asked questions and answered them below. <br><br>Before we begin, here is the Evmos relaunch rollout plan (estimated timeline): </p><div class="kg-card kg-callout-card kg-callout-card-grey"><div class="kg-callout-emoji">💡</div><div class="kg-callout-text"><strong>Phase 1 (day 1): </strong><br>✅ Evmos enabled <br>❌ Airdrop disabled<br>❌ Staking rewards disabled <br>❌ IBC transactions (e.g. to/from Cosmos and Osmosis) disabled <br><br><strong>Phase 2 (day 3-4): </strong><br>✅ Evmos enabled<br>✅ Airdrop enabled<br>❌ Staking rewards disabled <br>❌ IBC transactions (e.g. to/from Cosmos and Osmosis) disabled<br><br><strong>Phase 3 (at minimum 5-6 days after relaunch)</strong><br>✅ Evmos enabled<br>✅ Airdrop enabled<br>✅ Staking rewards enabled<br>✅ IBC transactions (e.g. to/from Cosmos and Osmosis) enabled</div></div><h2 id="faq"><strong><u>FAQ</u></strong><br></h2><p><strong>Q: When will mainnet be relaunched?</strong></p><p>A: Mainnet will restart on the 27 April 2022, and will continue off at block 58700.</p><p><strong>Q: If I claimed and/or staked before mainnet failure do I have to do it again?</strong></p><p>A: No you will not have to. The chain will continue as it was one block before the mainnet failure.</p><p><strong>Q: What about the remaining 25% to claim?</strong></p><p>A: You will be able to claim the remaining 25% once IBC transactions are enabled in PHASE 3, at minimum 5-6 days after relaunch.</p><p><strong>Q: When will claiming and staking features be enabled?</strong></p><p>A: Staking will be enabled at the same time as relaunch, on the 27th of April. Note that staking rewards will be enabled in Phase 3, at minimum 5-6 days after relaunch. Claiming the airdrop will not be live until Phase 2 (3-4 days after the relaunch). </p><p><strong>Q: When will staking rewards be enabled?</strong></p><p>A: In the spirit of fairness, rewards will be disabled until Phase 3, at minimum 5-6 days after relaunch to give everyone a fair chance to claim.</p><p><strong>Q: Who is eligible to claim?</strong></p><p>A: If you staked <strong>OSMO</strong>, or <strong>ATOM</strong>, or paid gas on top dApps on <strong>Etherium </strong>before Nov 26th 2021, you are likely to be eligible for Evmos airdrop. You can find more information on eligibility in the following article under “<a href="https://evmos.blog/the-evmos-rektdrop-abbe931ba823">Rektdrop Eligibility</a>”. </p><p><strong>Q: What wallets can be used to claim and stake my EVMOS?</strong></p><p>A: Currently only Metamask. To claim on Keplr we hav to wait for IBC transfers to be enabled. Ledger connections will work very soon too. Staking rewards are disabled until everyone has a fair chance to claim. </p><p><strong>Q: Where and how do I claim my tokens?</strong></p><p>A: An updated guide will be provided shortly after relaunch.</p><p><strong>Q: How long do I have to claim my EVMOS tokens?</strong></p><p>A: There is no timeline yet.</p><p><strong>Q: What happened during the mainnet failure?</strong></p><p>A: The Evmos team found a critical security vulnerability that required a quick upgrade. This upgrade was ill-tested and caused several double-signing errors requiring the chain to be halted to solve the issue.</p><p><strong>Q: Can I buy Evmos?</strong></p><p>A: There currently is no exchange to purchase EVMOS, however it is estimated that a Evmos DEXs will be set shortly after mainnet. Later we may also see exchange services provided by Osmosis zone, Diffusion Finance, Cronus Finance, Exswap, Evmoswap... Look out for the one with the most liquidity. One of them will probably win the race and become the dominant DEX</p><p><strong>Q: Can I transfer my Evmos?</strong></p><p>A: Yes, once the chain is relaunched transfers will work within Evmos. IBCs will be enabled soon after the relaunch.</p><p><strong>Q: What dapps are built on Evmos?</strong></p><p>A: You can find a list of dapps coming to Evmos <a href="https://github.com/tharsis/awesome">here</a>.</p><p><strong>Q: What is Diffusion?</strong></p><p>A: <a href="https://chaindebrief.com/all-you-need-to-know-about-diffusion-finance/">Diffusion Finance</a> is a Uniswap V2 fork, one of the first AMMs for Evmos — an EVM that leverages the Cosmos SDK enabling use cases around composability, interoperability and fast finality.</p><p><strong>Q: How to access to Testnet?</strong></p><p>A: Tech doc to set up the node: <a href="https://evmos.dev/testnet/join.html">https://evmos.dev/testnet/join.html</a>. Instructions to get some tokens:  <a href="https://evmos.dev/testnet/faucet.html">https://evmos.dev/testnet/faucet.html</a></p><p><strong>Q: Where can I find Evmos official announcements?</strong></p><p>A: You can follow Evmos Official announcements on their <a href="https://twitter.com/EvmosOrg">Twitter</a>, <a href="https://t.me/EvmosAnnouncements">Telegram</a>, or <a href="https://discord.com/invite/spqPzhHT">Discord</a>. </p><hr><h3 id="about-p2p-validator">About P2P Validator</h3><p><a href="https://p2p.org/">P2P Validator</a> is a world-leading staking provider with the best industry security  practices and proven expertise. We provide comprehensive due-diligence  of digital assets and offer only high class staking opportunities. At the time of the latest update, <strong><strong><strong><strong>more than </strong></strong>2.9<strong><strong> billion of USD value is staked with P2P Validator by over 2</strong></strong>5<strong><strong>,000 delegators across 25+ networks.</strong></strong></strong></strong></p><p>Want to stake EVMOS with us? Visit <a href="https://p2p.org/evmos">https://p2p.org/evmos</a> to find out more about Evmos staking.</p><p>If you have any questions, feel free to join our<a href="https://t.me/P2Pstaking"> Telegram chat</a>, we are always open for communication.</p>

Romain Van Der Cam

from p2p validator

Evmos Evmos Network Overview

<p>Evmos is a vital piece in the Cosmos ecosystem as it plans to bring a Cosmos SDK built, PoS blockchain that is compatible with Ethereum Virtual Machine (EVM) smart contracts.</p><h2 id="current-network-state">Current network state</h2><p>The Cosmos ecosystem, referred to as the internet of blockchains, is a decentralised network of scalable and interoperable blockchains each with an independent governance structure. Interoperability is achieved through inter blockchain communications protocol (IBC) and is the key to simplify the access and interaction of a wide range of blockchain-enabled products and services. The ecosystem has and is still growing at a remarkable rate - attracting an impressive amount of attention in the crypto space. However, it still has some distance to cover in order to catch up with Ethereum in terms of the number and variety of applications it supports. </p><p>Ethereum is massive. It is the 2nd blockchain in terms of market cap and has arguably the largest user base and the most applications of all networks, but such popularity has also led to congestion. The resulting high transaction fees became an issue that could stall the growth of the ecosystem leading to the rise of layer 2 solutions to solve these inherent scalability issues. Ethereum also certainly loses the comparison with the Cosmos ecosystem in terms of interoperability. Nevertheless, the utility of EVM smart contracts and a vast and established community of Solidity developers bring great value to Ethereum.<br><br>Evmos brings together the best of both worlds, enabling developers to utilise the functionality of EVM while enjoying the features of the Cosmos architecture. Evmos serves as the first IBC-compatible EVM-based chain, bringing composability, interoperability, and fast finality to Ethereum. Users will now have all the desired utility and features of Ethereum while benefiting from the fast finality and high-throughput of Tendermint PoS implementation. What's more, Cosmos and Ethereum users will be able to transfer this value amongst and between both ecosystems using IBC and emerging bridge projects.<br><br>The ability to use Ethereum Dapps on alternative blockchains has become a multi-billion dollar feature of web3, positioning Evmos as a potential leader in Cosmos' contribution to the web3 ecosystem.   <br>    </p><h2 id="token-allocation">Token allocation</h2><p>Evmos will have an initial supply of 200 million tokens at launch. The distribution will be amongst <a href="https://evmos.blog/the-evmos-rektdrop-abbe931ba823">Rektrdop participants</a> (50%), strategic reserve (40%) and the community pool (10%). This is a unique feature of Evmos’ token distribution model. This airdrop does not benefit large token holders of other blockchains, nor will there be an early pre-sale which often results in issues for the decentralisation of token holdings. Rektdrop will result in an even distribution of tokens amongst an unusually wide group of community members. That means that the blockchain will be purely community-driven since the to-be-distributed EVMOS is the governance token for its namesake chain.</p><figure class="kg-card kg-image-card"><img src="https://lh3.googleusercontent.com/Yiue9kUquIz5wBbZnEi6MIv9_tXw4XsSuDMGyLPxdbbonPPR4WEvrAnqM2ySu9-XMUi2ynCCSTwwJBi1daMAhMhlZ66MsuofiQn_GF4JUnrJSk35R5pxz1K4Bg6vZ6gYFO33h1j3" class="kg-image" alt loading="lazy"></figure><p>Evmos will start off by being highly inflationary, with 300 million tokens being issued in the first year but dropping every year with the goal of 1 billion tokens being issued after 4 years. It is assumed that after this time, a new inflationary model will be proposed through governance.</p><figure class="kg-card kg-image-card"><img src="https://lh5.googleusercontent.com/UxlLngsi46FiCKT3eU67QyGjkZBcaK42EyG1EzR_mqQ7sUSoXutind12UOfvtIu0O30aUUHvY1Jemg0MFrS3t4H1VKa_H-Qf_-MYTPbYX4BPhU9KLoFGpqOVWJ52Fv-L1TvAj5C1" class="kg-image" alt loading="lazy"></figure><p>Issued tokens will be distributed in the following way:</p><ul><li>40% to staking rewards</li><li>25% to team vesting</li><li>25% to usage incentives</li><li>10% to community pool</li></ul><figure class="kg-card kg-image-card"><img src="https://lh4.googleusercontent.com/KNFOS_mWwMP41I8bMX45P_SpkEhlIeZvJ36kzgBNqLXCHM8kv3qyiVifJxtpXFUS7-IQ6FR4PhKpbD7JQYmfiPoJ1d5bDujYvDR7PiUAg1wNAqu4yyrbPj9JOCnUJkWGVuifkcWd" class="kg-image" alt loading="lazy"></figure><p>The key novelty here is the blockchain’s attitude towards developers. Usually the validators are the sole benefactors of the rewards system. This is not the case with Evmos - this blockchain focuses on building a developer’s community around its main feature (EVM smart contracts compatibility) and claims that developers are equally important for the project, while still acknowledging the role of network operators. This concept is implemented in the form of dApps Store which creates a reward mechanism for developers based on the value and impact of their application.<br>  </p><h2 id="token-utility">Token utility</h2><p>Other than paying for transaction fees on the Evmos network, each EVMOS token will give rights to participate in staking and governance.<br><br><strong>Staking</strong><br>Staking is the mechanism used to secure the network. It is the process of bonding coins/tokens (stake) in order to earn rights to participate in the "validation" of new blocks, and in doing so are compensated with rewards. Token holders can “delegate” their EVMOS tokens rights to Validators. Delegators are incentivised to delegate to a Validator that acts according to the best interests of the network as a whole.<br> <br><strong>Governance</strong><br>Evmos gives token holders the rights to submit and vote on proposals to better the network. Evmos stakers who do not vote will inherit the vote of their validator.<br>   </p><h2 id="staking-evmos">Staking Evmos</h2><p>Validators play a crucial role, with their core responsibilities being validating transaction blocks and ensuring the security of the Evmos network. Validators may also decide to operate oracles, secure bridges, governance and much more. </p><p>Token holders can “delegate” their EVMOS tokens to the validators they wish. Validators will validate blocks of transactions on their behalf, earn rewards proportionally to the represented stake, and the network will redistribute it to their delegators after deducting a fee for the service they provide. Validators will set fees for their services, with a minimum of 5% of staking rewards earned.<br><br>The top 150 validators, based on the amount of EVMOS delegated to them, will be selected to participate in the validation of transaction blocks. </p><p>40% of newly-issued tokens as well as a portion of transaction fees will be allocated to staking rewards and will be redistributed to validators and delegators. Validators can also receive up to a 5% bonus by coordinating between each other to reduce their chances of empty blocks proposals.<br>    </p><h2 id="slashing-risk">Slashing risk</h2><p>Evmos have implemented slashing to incentivise validators to conduct themselves and for delegators to select trustworthy validators. Validators who act in the following ways will see both their self-stake and their delegators’ stake slashed:</p><ul><li><strong>Double-signing:</strong> signing two or more blocks at the same height.</li><li><strong>Downtime: </strong>validator missing a significant amount of blocks.</li><li><strong>Unavailability:</strong> validator that is offline for a significant amount of blocks.</li><li><strong>Poor security:</strong> validator acts in a way where their security is compromised. <br>    </li></ul><h2 id="useful-links">Useful links<br></h2><ul><li><strong>Website:</strong> https://evmos.org/</li><li><strong>Documentation:</strong> https://evmos.dev/</li><li><strong>Guides:</strong> Coming soon</li><li><strong>Twitter:</strong> https://twitter.com/EvmosOrg</li><li><strong>Telegram:</strong> <a href="https://t.me/EvmosOrg">https://t.me/EvmosOrg</a></li></ul><hr><h2 id="about-p2p">About P2P </h2><p><a href="https://p2p.org/">P2P Validator</a> is a world-leading non-custodial staking provider with the best industry practices and proven expertise. We provide comprehensive due-diligence of digital assets and offer only high class staking opportunities securing more than 2.4 billion of USD value.<br><br>At the time of the latest update, P2P Validator is trusted by over 10,000 delegators across 25+ networks. We are a major player in all networks we support because of our experience, commitments and our reputation. We pay special attention to the process of governance. P2P has the intention to contribute and provide long term support to the Evmos network.</p>

Romain Van Der Cam

from p2p validator