WeedCash Network: How To Claim And Stake (Power UP) WEED Tokens - A Guide

in #weedcash5 years ago (edited)

So you've jumped on board The Weedcash Network and have written a post about some aspect of Cannabis or Psychedelics. 4 days pass and payout time comes. You, the author get 60% and the rest goes to the folk who voted for your post. Perhaps you are due some of that 40% curation, even if you haven't authored a post.

Either way, you know you have some WEED tokens and would like to get your hands on them, but where are they?

  • The process is not the same as on Steem or on Smoke.
  • The wallet used for your WEED tokens is Steem Engine. This is NOT the same as your Steem(it) wallet.
  • If you are still somewhat confused about The Weedcash Network in general, have a look at this post which will explain all and will also provide further links.

cover.jpg

divider-leaf,orangeCircle.png

Right, now that we've set the background context. Let's go step by step through the process of claiming and staking (powering up) WEED:

  • When your post hits payout, you will need to make a claim for the amount you are due.

  • You claim your rewards by clicking the following link:
    https://app.steemconnect.com/sign/custom-json?id=scot_claim_token&json=%7B%22symbol%22%3A%22WEED%22%7D

  • This will launch Steemconnect:
    01.jpg

  • Enter your details and when you hit 'sign in', the transaction will be confirmed:
    02.jpg

  • Next log into Steem Engine (the 'wallet' link in WCN also goes to Steem Engine). The Keychain extension is the way to go but you can use Steemconnect as well if you prefer:
    03.jpg

  • In your WALLET, you will see options for claiming your tokens as per the image below. Please note that the 'claim' options will ONLY be visible if you have tokens to claim :)
    04.jpg

  • Click the option to 'claim Weed tokens'. If you have Keychain installed you will see what I see below. If not, Steemconnect will do your dirty work for you:
    05.jpg

  • Once the transaction has been confirmed, the amount will be added to the 'Balance' against the WEED token in your wallet:
    06.jpg

  • Finally, Stake (power up) your tokens by clicking on the 'lock' icon (stake tokens). The dialogue box will appear as below, enter the amount you wish to stake and hit 'STAKE WEED'.
    07.jpg

That's it, the amount will be added to what you already have staked and your vote value will increase proportionally.

I hope this is clear, thanks for reading 👍

1680x174(simpleBlueWave).png

Some points to note:

  • The Weedcash network effectively works as a layer on top of the Steem blockchain. Transactions are currently slower than what you would expect on Steem - for example, when you vote there is a lag and it will take a little longer to update than on Steem. Please be patient, this technology is in its infancy and is being worked on
  • A vote on the Weedcash Network is only worth something if you have staked (powered up) WEED. It does not matter how much Steem you have. When you are logged into WCN only WEED tokens circulate!
  • It only occurred to me to make this guide after I had claimed a payout. The amount shown in the screenshots (>0.1 WEED) is not enough to stake (power up) and I have used a bit of photoshopping on the last few slides to complete the picture. I only mention this for the eagle-eyed who may have spotted the discrepancies - nice ;)
  • If you are using a different front-end, you can view this post on the WeedCash Network by clicking here.
Sort:  

Thanks for this statement!

Hey @krunkypuram, thank you for this post explaining how the WeedCash works.
Thank you for the WeedCash gift too! That was an unexpected pleasant surprise!
I decided to stake it.
I think this means when I upvote this post now, there will be some sharepool rewards allocated from my WeedCash stake proportionally to this post payout :)

Hey my friend welcome, and welcome on board WCN 🤗

Congratulations @krunkypuram! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You made more than 50 upvotes. Your next target is to reach 100 upvotes.

You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

I'm totally frustrated at Steemengine not allowing me to claim rewards. However I was able to claim rewards and stake or power up my weed with the Weedcash wallet...

I feel kinda dumb. But fixed now.

Coin Marketplace

STEEM 0.28
TRX 0.13
JST 0.032
BTC 61361.03
ETH 2932.71
USDT 1.00
SBD 3.67