Price: $2.219
Pools: 3096
Epoch: 296
Slot: 252179
Date: 15-10-2021


Cardano Shelley: Claiming ITN reward

Let's have a look at how to redeem ADA coins from the ITN. 10-08-2020, 06:35 · 3 mins read
Share this

If you have delegated ADA coins in ITN then you have earned ADA coins. In the article, we will show you how you can claim ITN reward. 

If you remember, you had to create a staking wallet in the ITN Daedalus wallet. You should have the wallet recovery phrase (SEED) that you have to use to get the coins. We expect that you already have a Shelley wallet. If not, then please create a Shelley wallet since you need to transfer the ITN reward to a Shelley wallet. You also need a spending password for your current Shelley wallet. Let’s have a look at the procedure.

1) I had installed Daedalus version 2.0.1. If you have the same version than the wallet will propose you to update to a newer version 2.1.0. Ensure that the currently installed Daedalus wallet is stopped. Then install the newer version.

2) You will find a special icon with a pig on the menu. Click the icon to get into a redeem center.

3) You need to insert a waller recovery phrase for the Incentivized Testnet. Then you have to choose a Shelley wallet to which ADA will be sent and that will also be used to pay the transaction fee. You can click to the Continue button after you confirm that you understand that you need to pay the transaction fee and that it will be taken from the destination Shelley wallet.

4) You need to provide a Shelley wallet password to be able to click on the Confirm rewards redemption button.

5) Wait a while till the transaction is processed. You will have redeemed your ADA coins once you see the dialog below.

As you can see, it was an easy process and you would be probably able to do it without the guide.

Source: Cardano Shelley: Claiming ITN reward

We are cryptocurrency enthusiasts, especially believing in Cardano. We are official ambassadors operating staking pool. We write articles, translate them and develop tools for the community.
Support the Author 🙏
Author´s StakePool
Pool ID
Read next

Cardano is not just a Wallet

There is one bad habit in cryptocurrencies. Everyone supports their chosen project and hounds the others. People's motives are often economic. However, let's take a look at a few facts.... 23-03-2020, 23:00 · 15 min read

Do not overlook Cardano

It can be difficult to get oriented in the cryptocurrencies if you are not an IT specialist and you make your decisions only on facts that are provided by people on the internet. Let's have a look at ...
16-08-2020, 16:05 · 17 min read ·

The Cardano Protocol is well prepared for the Future

We usually know well what has happened in the past. We can just assume what is going to happen in the future and still, we can be sure that we will be surprised by the development of events. A decentr...
30-06-2020, 11:26 · 20 min read ·

It is not possible to hack Cardano

It is not basically possible to hack the Cardano network for a variety of reasons. Let's have a look at it in more detail....
22-08-2020, 13:25 · 10 min read ·

People must understand the advantages of decentralization to use Cardano

Decentralization is the key feature of blockchain technology but it is not the feature that people wish to use. The reason is quite simple. They do not know the disadvantages of the systems that they ...
14-07-2020, 13:58 · 14 min read ·