Delegate FAQ

WHY SHOULD I DELEGATE TO TEZOS OTC?

We are listed as an official exchange on TzScan and have been actively trading OTC since the first day of Betanet (June 20th 2018).

We have built a reputation of trust within the community having completed thousands of direct trades, so you can trust us to pay your rewards on time, without fail!

IS THERE A MINIMUM I HAVE TO DELEGATE?

Yes, you must delegate a minimum of 5,000 XTZ to use our service!

We offer a personalised delegating service which includes live chat and telegram support, therefore if you have less than 5,000 XTZ please do not delegate to us as you will not receive any rewards!

HOW DO I SELECT TEZOS OTC AS MY DELEGATE?

Your XTZs are stored in a wallet, and you need to designate Tezos OTC as your delegate.  Most wallets have a delegation key feature, where you just need to enter our delegate key:

tz1SkU5S3dDRi6f8LHCvYeK3H3Mjq4MS8uHW

Please check our staking capacity on tzscan.io before you delegate to make sure there is capacity. If you are unsure please contact us to enquire!

https://tzscan.io/tz1SkU5S3dDRi6f8LHCvYeK3H3Mjq4MS8uHW

HOW MUCH WILL I MAKE?

Our fee is 10%

You will receive a return of 90% of all rewards linked to your stake. The remaining 10% is to cover our operating costs and invested back in our infrastructure and activities.

WHEN WILL I GET PAID?

The Tezos Blockchain assigns your delegation rights to us after 7 cycles (roughly 21 days) and we can start baking for you.

Tezos OTC schedule is to pay out delegation awards every cycle.  So we anticipate a schedule like the following:

  • Cycle 0 – you delegate to Tezos OTC
  • Cycle 7 – The Tezos Blockchain assigns your delegation rights to us and we can start baking for you.
  • Cycle 13 – Rewards for Cycle 7 are received by Tezos OTC and forwarded to your KT 1 account.

ARE MY TEZZIES SAFE?

Yes.  As delegator, you are simply assigning your baking rights to Tezos OTC.  You are not giving us your XTZs and are not providing your private keys.

NEVER PROVIDE ANYONE YOUR PRIVATE KEY!