Figment

Why Stake with Figment?

EXPERIENCED & TRUSTED

EXPERIENCED & TRUSTED

Original testnet participant and genesis block producer on mainnet. 

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

FEATURES & BENEFITS

FEATURES & BENEFITS

Figment Prime and discounts available for large token holders. Contact us for more information. 

Active participant in the Secret Network ecosystem. 

SECURITY & SAFETY

SECURITY & SAFETY

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

You maintain custody of your SCRT at all times. 

Third-party custody solutions are available through our institutional partners. Contact us for more information. 

COMPLIANCE

COMPLIANCE

Protected via industry-leading Delegation Agreement.

Learn More

Secret Network is a blockchain protocol that enables decentralized applications to perform encrypted computations. Secret contracts can take encrypted inputs and produce encrypted outputs, without exposing any data while it is in-use. 

Data on most blockchains are public by default. This makes it difficult for companies, organizations, and individuals to take advantage of blockchain technology when dealing with sensitive information. 

The Secret Network solves this problem by relying on Trusted Execution Environments, which allows data to stay encrypted on the network. The Secret Network was built with the Cosmos SDK using Tendermint for consensus, and is governed by SCRT token holders.

Frequently Asked Questions

What is the name of the asset being staked?

The SCRT token is the native asset of Secret Network.

What is the annual inflation rate for SCRT?

Inflation is currently set at 15%.

How do you pay for transaction fees on the network?

With SCRT token. 

Do I maintain custody of my SCRT tokens?

Yes.

Can my staked assets be slashed (seized or destroyed)?

Yes.

0.01% of SCRT will be slashed from validators and their delegators for down time. 

5% of SCRT will be slashed from validators and their delegators for double signing blocks.

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