Mitosis (MITO)

Step-by-Step Guide to Staking MITO via MetaMask Wallet Connected to the Mitosis Staking App

This guide will take you through the process of staking MITO using your MetaMask Wallet.

Step 1: Add Mitosis to Your MetaMask Wallet

• Visit Mitoscan and use the available button to add the Mitosis network to your MetaMask wallet or simply connect it to the Mitosis Staking App.

Step 2: Acquire MITO

• Acquire MITO tokens on supported platforms or transfer them into your MetaMask wallet.

Step 3: Connect Your Wallet

• Go to the Mitosis staking app, and connect your wallet.

Step 4: Choose Validator

• Browse the validator list, find Everstake, and click Stake.

Step 5: Enter the Amount and Confirm

• Enter the number of MITO (or tMITO) tokens you want to delegate, read the 7-day unstaking period warning and no slashing risk notice and click on Stake.

• Once the delegation is confirmed, your MITO (or tMITO) start contributing to the network’s security. You can check your staking details on your Staking Page.

How to Claim Staking Rewards

• Staking rewards on Mitosis are distributed on an epoch basis. Each epoch lasts 7 days, and rewards are normally calculated and distributed within several days after an epoch ends.

• To receive your rewards, you need to manually claim gMITO on the My Staking page. The claimed gMITO can then be used according to the protocol’s design or managed from your wallet.

Key Staking Parameters:

• Unstaking Period: 7 Days

• gMITO Reward Distribution: Per Epoch

• gMITO → MITO Convert Period: 7 Days

• Epoch Period: 1 Epoch = 7 Days

• Minimum Staking/Unstaking Amount: 10 MITO (or tMITO)

• Redelegation Cooldown: 1 Day

• Mitoscan

MITO is the native token of Mitosis Chain, which is fully EVM-compatible.

tMITO is the time-locked form of MITO issued during the Genesis Airdrop. It is fully stakeable, transferable, and tradable on Mitosis from day one.

gMITO is the governance token of Mitosis, enabling on-chain governance participation and serving as the reward token for validator staking.

No. There is no difference between staking MITO or tMITO. You will receive gMITO rewards regardless of which token you use. Staking 1 MITO and staking 1 tMITO earns you the same rewards.

• Total Supply: 1,000,000,000 MITO

• MITO Distribution:

  • Ecosystem: 45.5%

  • Team: 15%

  • Investors: 8.76%

  • Foundation: 10%

  • Genesis Airdrop: 10%*

  • Builder Incentive: 2%

  • Exchange Marketing: 3.5%*

  • Initial Liquidity: 4%

  • R&D: 1.24%

• Read more details on MITO tokenomics here.

“Validator fee” refers to the rewards received by Validator for participating in the Blockchain network Validation process. Everstake determines the validator fee through a process involving analysis and consideration of various factors, such as network requirements, operational costs, and market dynamics.

Validators don't have control over users' funds in blockchain networks. Instead, they validate transactions and participate in the consensus process based on the rules defined by the network protocol. Users retain control over their funds through private keys, which are used to sign transactions and authorize transfers. Validators' roles involve confirming the validity of transactions and blocks, but they don't have the authority to access or manipulate users' funds.

Validator rewards, distributed in gMITO tokens, are issued each epoch based on both collateral and staking contributions. Collateral rewards are sent to the validator’s designated reward manager, while staking rewards are allocated to users who delegated to that validator.

All staking rewards are paid in gMITO and distributed every epoch (7 days). Users can claim their rewards each epoch.