Price: $0.452
Pools: 3175
Epoch: 349
Slot: 107223
Date: 06-07-2022

Articles

Cardano Shelley: Claiming ITN reward

Let's have a look at how to redeem ADA coins from the ITN.

Cardanians.io 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

Author Cardanians.io
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

The Cardano Community just revealed something important for the entire crypto space

US Congress writes to the IRS to explain why PoS block rewards should not be taxed as income. @CardanoStiftung’s work to promote the education of PoS technologies...

ALL Cardano 12-09-2020, 16:47 · 3 min read

Why Cardano matters

People can ask why the IOHK team works on Cardano if we have Bitcoin and Ethereum. Do we really need more public networks? These are fair questions. Let's answer them....
17-02-2021, 12:05 · 9 min read · Cardanians.io

Cardano and Bitcoin can coexist and support each other

Cryptocurrencies are a very competitive environment and the question is which projects will exist in the next 10 years. This will be decided mainly by the users who adopt the projects and start using ...
07-07-2021, 14:48 · 29 min read · Cardanians.io

Cardano OBFT Hard fork explained

The article describes an event related to Cardano transition to main-net. Still, it is worth to read it as you can learn about hard-fork....
21-01-2020, 23:00 · 6 min read · Cardanians.io