Figment

Mina bills itself as the “world’s lightest blockchain”. Current cryptocurrencies like Bitcoin and Ethereum store massive amounts of data on their blockchains, and will only continue to increase in size.

Mina however, claims that their blockchain will always stay the same size (about 20 kilobytes), no matter the usage. This will allow the blockchain to be downloadable by anyone who has basic storage and internet access. 

Stake Now

Rewards Distributed by validators
Slashing No slashing
Inflation 12% falling to 7% over 5 years
Unbonding No unbonding period
Compounding Rewards are automatically restaked

Optimizing Staking With Figment

Figment offers peace of mind to its customers and provides the most complete staking experience in the industry

EXPERIENCED & TRUSTED

EXPERIENCED & TRUSTED

Figment is a venture-funded, registered Canadian company based in Toronto. Canada offers stability, rule of law, and clear crypto regulation.

Servicing the world’s largest MINA holders.

FEATURES & BENEFITS

FEATURES & BENEFITS

Our Commission rate is 10%.

Active participant in the Mina ecosystem.

Third-party custody solutions are available through our institutional partners.

SECURITY & SAFETY

SECURITY & SAFETY

The world’s most advanced physical IDC + multi-cloud staking infrastructure.

You maintain the custody of your MINA at all times.

Protected via industry-leading Staking & Delegation agreement.

Looking to stake over 200,000 MINA?

Get in touch with our team to discuss Prime customers advantages and unlock the full Figment experience

Staking Guide & Instructions

Stake your MINA tokens in a few clicks by following these steps:

  1. First, download the Mina Ledger app. You can find details on their website
  2. Head to https://hubble.figment.io/mina/chains/mainnetClick the “Stake Now” button on the right.
  3. Connect and unlock your Ledger, and open the Mina app. The browser will pull up a new screen and ask to select your account number, (it’s usually 0).
  4. Confirm generating address on your Ledger and approve generated address. 
  5. Hubble will ask that you confirm your transaction on your Ledger. In a few minutes, the transaction will show up on Hubble.

Figment's Validator Address

Need more detailed instructions?

See full guide

Mina FAQ

Block explorer: hubble.figment.io/mina/chains/mainnet

Web Wallet: clor.io

The MINA token. 

Staking rewards are enabled at the launch of the mainnet. Transfers are enabled as soon as tokens become unlocked, which is dependent on how you purchased your MINA tokens. 

Tokens purchased from the Community Sale unlock 40 days after the sale ends.

There is a 2-4 week delay (also known as a latency period) before your new stake delegation comes into effect.

There is no unbonding period on Mina.

Mina takes control of your MINA tokens while you are staking. As soon as you unbond your tokens, they are returned to you.

No. Mina’s protocol is founded on the Ouroboros algorithm. Slashing is based on regulating the irrational behavior of validators by threatening them economically (aka. threatening their stake if they are caught with downtime or double signing). Ouroboros, by design, incentivizes all stakeholders to act rationally.

Rewards can be automatically staked, and payouts are handled by the validators. Validators can choose not to send rewards, or send them when it suits them.

While there isn’t any slashing, delegators will not gain rewards if their validator goes offline.

Mina’s inflation will begin at 12%. Over the next five years, the inflation rate will fall to 7% – unless specified or changed through governance.

Details about governance have not been released yet by the team.

Additional Resources

Want to learn more about Mina? Check out our latest articles

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Staking Hub: Mina AMA (Round 2)

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