MediBloc Limited officially supports Cosmostation Wallet

Hello, this is the MediBloc team. The Cosmostation Wallet, which provides validator operations and Cosmos SDK-based infrastructure tools, officially supports MediBloc Limited blockchain. Through Cosmostation App Wallet, you can Stake & Earn MED coin.

What’s good about keeping MED Coin (MED) in the Cosmostation app wallet?

MED Coin (MED) can be kept in the Cosmostation app wallet, and compensation (MED) can be earned by contributing to block creation through validator voting and delegation. In addition, the faster you start contributing to the network by participating in staking early, you can get the greater amount of rewards.

Important Things to Know Before Staking

• When staking MED Coin (MED), the annual percentage rate (APR) is approximately 7%. This figure is not guaranteed because it is an expected rate derived from simple calculations. Also, APR varies depending on the rate of commission fee of the validator.
• The MED will be locked for 3 weeks (21 days) when you unbond MED, which is used at staking. Therefore, deposit and withdrawal is not possible during the unbonding period and compensation for staking is not possible.
• If a validator acts maliciously to the network or goes offline for a long time and causes verification problems, the MED will be slashed in return. At this point, the delegators who delegated the coin to that validator may also lose the MED. Therefore, you should carefully delegate your coins to a trusted validator and periodically check the validator’s status.
• If you believe that the validator to whom you delegated your coin is unreliable, you can re-delegate it to another validator immediately. However, you have to wait 21 days to re-delegate again. Therefore, you must carefully select a validator.
• Delegators can distribute risks by staking multiple validators at the same time.

Cosmostation User Guide (From creating wallet to depositing MED)

1. Download Cosmostation from Google Play Store and Apple App Store.
2. Launch the app, click [Create a new account].
3. You can check the mnemonic words by setting the password and wallet name. Make a safe note of the mnemonic word and click [Create Account].
   ⚠️ The mnemonic word is used to recover your wallet and should never be lost or forgotten. Instead of saving it as a screenshot or something, it is recommended that you write down the word offline and store it separately. If the mnemonic word is leaked to the outside world, it can cause asset damage due to wallet hacking.
   ⚠️ If you want to use your wallet on another device in the future, you can recover your wallet with mnemonic words.
4. Click telescope icon on the right top, and search “medibloc” to confirm it.
5. Go back to [Chains] menu, and now you can select medibloc wallet. You can now see your wallet address. Wallet address starts with ‘panacea’. Now you can deposit MED to this wallet.
6. If you want to withdraw MED to another wallet, click swirl icon on the bottom right and click [Send] menu.
   ⚠️ When transferring money from other wallets, such as exchanges, you must make sure that the address you send starts with ‘panacea’.
   ⚠️ Old tokens, QRC20 MED and ERC20 MEDX cannot be deposited into Cosmostation Mainnet wallet.

Cosmostation User Guide (How to recover your wallet if you already have a mnemonic)

(If you have already created a new wallet in Cosmostation)

1. Click [Settings] in the bottom right corner, then go to [Account].
2. Click the [Add Account] button at the bottom.
3. Click [Import Mnemonics].
4. Enter your PIN number and mnemonic to restore your existing wallet.
5. Tap [Chains] in the bottom left corner again, and tap the telescope icon in the top right corner of the screen.
6. Search for MediBloc and add it.
7. You will then be able to select your MediBloc wallet from the [Chains] menu list.
8. After selecting your wallet, click the swirl icon in the bottom right corner to access the following menus: Send, Stake, Claim reward all, Compounding All, and Governance.
   

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(If you’re launching the Cosmostation app for the first time)

1. Press [Start], then click [Import Mnemonics].
2. Enter your PIN number and mnemonic to restore your existing wallet.
3. Tap [Chains] in the bottom left corner again, then tap the telescope icon in the top right corner of the screen.
4. Search for MediBloc and add it.
5. You will then be able to select your MediBloc wallet from the [Chains] menu list.
6. After selecting your wallet, click the swirl icon in the bottom right corner to access the following menus: Send, Stake, Claim reward all, Compounding All, and Governance.

Medibloc Limited will continue to make efforts to establish a decentralized medical ecosystem. Thank you.