✨How to Stake TOP to Mine FIL in Filet(BSC)
With the help of decentralized smart contracts, community governance, and selected high-quality mining pools, Filet creates a decentralized FIL mining service platform with tokenized mining power, low entry barrier, and transparent mining pools & returns, allowing ordinary players to participate in mining with zero risk, high returns, and low barrier.
Now, Filet has supported to stake TOP to mine FIL, this tutorial introduces how to operate it in Binance Smart Chain (BSC).
Preparations
For web-side operations, this tutorial uses the MetaMask wallet as an example. You need to ensure:
- You have installed the MetaMask wallet in your Chrome browser and created or imported your account.
- You have added the Binance Smart Chain (BSC) network.
- You have added TOP token in MetaMask.
If you have installed the MetaMask wallet in the Chrome browser and added the Binance Smart Chain (BSC) network, you can directly go to Add TOP token and continue to stake TOP to mine FIL.
Install MetaMask wallet
- Open the Chrome browser and click here to open the MetaMask extension page.
2. Click Add to Chrome, in the pop-up confirmation box, select Add extension.
Wait a moment to complete the installation of the MetaMask plugin.
Import Wallet
1. On the welcome page of MetaMask, click Get Started.
2. Select Import wallet.
3. On the import page, paste the seed phrase of your ETH wallet address and set the password to complete the import.
Add BSC network
1. In the MetaMask wallet, click the drop-down list at the top right of the page.
Select Add Network at the bottom of the list to add a BSC network.
2. In the new network page, fill in the following parameters to add a BSC network:
l Network Name: Customizable, this article takes BSC mainnet as an example.
l New RPC URL: https://bsc-dataseed1.binance.org/.
l Chain ID: Enter 56.
l Currency Symbol: Optional, this article takes BNB as an example.
l Block Explorer URL: https://bscscan.com/.
Then click Save.
Add TOP token
1. In the Assets list of MetaMask, click the Import tokens at the bottom to import custom tokens.
2. In the Import Tokens page, enter the following parameters to add TOP token:
l TOP Token Contract Address: 0x16De6497292ca52D10038c641BD1d518113a51Dc
l Token Symbol: Auto-filled when contract address is entered
l Token Decimal: Auto-filled when contract address is entered
3. After that, click Add Custom Token at the bottom, then the TOP token will appear in your assets list.
At this point, you have completed the preparations and can start staking TOP to mine FIL.
Participate in staking TOP to mine FIL
To participate in staking TOP to mine FIL, you can follow these steps:
Step 1 Connect to MetaMask wallet
- Click here to open the official website of Filet.
- Click Connect at the top right of the page or click Next in the MetaMask wallet to connect FILET to the MetaMask wallet.
Step 2 Purchase TOP in MDEX
1. Buy tokens (such as USDT) from the exchange and transfer them to the wallet, then you can purchase TOP in MDEX.
a) Click here to go to Binance.
b) On the upper right of the page, select Wallet > Overview, and click Withdraw.
c) In MetaMask, click your account name to copy your wallet address.
d) In the Withdraw page of Binance, input the following information:
- Coin: Select the coin you want to withdraw (such as USDT).
- Address: Past the wallet address you just copied.
- Network: Select BEP20 (BSC).
- Amount: Input the withdraw amount.
e) Then, click Withdraw to withdraw the coins from Binance to your wallet.
2. Click here to open MDEX.
3. Click Connect to a wallet on the upper right of the page and confirm in the pop-up window to connect the page to your wallet.
4. On the purchasing page, select USDT as shown in the following figure.
5. Then click the Select below. In the pop-up window, search for and select TOP.
6. In the swap page, enter the amount of USDT you want to swap, click Confirm Swap, and then confirm in the pop-up window to purchase TOP.
After that, you can start staking TOP to mine FIL in Filet.
Step 3 Stake TOP to mine FIL
1. Click here or input https://app.filet.finance in your browser to enter the FILET page.
2. In the Stake tab, tap Stake Now in the Stake TOP to Earn FIL area.
3. In the pop-up page, enter the stake amount, check to agree to the terms of service, and tap Approve, and then tap Confirm. After confirming the transaction, you can successfully stake.
Note:
l The minimum staking amount is 0.5 T mining power.
l The required staking amount of TOP token varies according to the actual price of TOP and FIL.
4. After the staking is successful, the page automatically jumps to the Assets page, where you can view your assets, earnings, and records of obtaining mining power.
In each record of obtaining mining power, tap See Details to view its detailed information.
Note: The staked TOP can be fully withdrawn when the staking expires.
Now, you have successfully participated in staking TOP to mine FIL, just wait to get mining earnings.
Withdraw principle and claim earnings
In My Filecoin Mining Power on the Assets page, you can withdraw the staked mining power and claim earnings.
l When there are earnings, you can claim the withdrawable earnings at any time.
l For the mining power obtained by staking, the principal can be withdrawn when the staking expires.
