RIZON is a Tendermint-based hub blockchain that enables creating digital assets. It aims to be a digital currency blockchain hub and supports governance and features for stable token creation.
Stake your ATOLO tokens in a few clicks by following these steps:
The easiest way to stake ATOLO is via Keplr connected to the LUM OmniFlix platform.
What is Rizon?
Rizon utilizes Tendermint engine and Cosmos IBC to enable optimal business scalability and usability. Modules and services contributed in RIZON allow decentralized governance and issuance of stablecoins. With RIZON Blockchain, businesses can significantly reduce operational costs while facilitating instant exchange of assets and horizontal expansion across borders.
What is a ATOLO Token?
ATOLO is the native token of the Rizon network and is required to access the core features and functionality on the Rizon native chain. Can be used for holding, staking and other transactions
How to get ATOLO tokens?
What is staking?
The RIZON Blockchain is a public Delegated Proof-Of-Stake (DPoS) blockchain, meaning that the weight of validators is determined by the amount of staking tokens (Atolo) bonded as collateral. These Atolo can be self-delegated directly by the validator or delegated to them by other Atolo holders. Any user in the system can declare their intention to become a validator by sending a create-validator transaction. From there, they become validator candidates.
What is a Validator?
RIZON Blockchain is based on Cosmos-SDK and Tendermint, which relies on a set of validators to secure the network. The role of validators is to run a full-node and participate in consensus by broadcasting votes which contain cryptographic signatures signed by their private key. Validators commit new blocks in the blockchain and receive revenue in exchange for their work. They must also participate in governance by voting on proposals. Validators are weighted according to their total stake.
What is a Delegator?
Delegators are Atolo holders who cannot, or do not want to run a validator themselves. Atolo holders can delegate Atolo to a validator and obtain a part of their revenue in exchange. Because they share revenue with their validators, delegators also share risks. Should a validator misbehave, each of their delegators will be partially slashed in proportion to their delegated stake. This is why delegators should perform due diligence on validators before delegating, as well as spreading their stake over multiple validators.
When will I start getting rewards?
Right after your delegation is completed you will get payouts for every block [~6sec]. All rewards become available after being claimed.
Terminet is never in control of the rewards.
Where can I explore the network?
If you want to track your transactions on the Rizon network, you can do it here.
What are the risks of delegating on Rizon?
Be sure to keep in mind that because your stake is used and safeguarded by a validator, you share in their rewards and share in their losses.
There are currently two faults that can result in slashing of funds for a validator and their delegators:
Double signing: If someone reports on chain A that a validator signed two blocks at the same height on chain A and chain B, and if chain A and chain B share a common ancestor, then this validator will get slashed by 5% on chain A.
Downtime: If a validator misses more than 95% of the last 10,000 blocks, they will get slashed by 0.01%.
We have our own capital on the line, so we are fully incentivized to do our best to prevent such events. However, delegators must be aware that this slashing risk will always exist.
How long does it take for an ATOLO undelegate?
The unbonding period lasts 21 days. ATOLO that is in the process of being unbonded can not be traded on an exchange or sent to other users.Your ATOLO tokens are still eligible for the block rewards and slashing risk during the unbonding period.
You can also immediately move all your Staked Tokens or some of them from the current validator to another validator without unstaking them. By doing so, you will not stop getting rewards.
If you have any questions about our services, please do not hesitate to contact us. We are happy to talk to anyone.