A Complete Guide for PHC Spot Staking dApp — We are Live!

Phuket Holiday Coin

4 min readJun 11, 2021

Public launch — Version 1.0

Hallo Community,

The time has come — One of our biggest milestones to-date !

PHC SPOT STAKING DAPP

Installation and Configuration :

MetaMask Installation

An Binance Smart Chain Wallet in your Browser. MetaMask is an extension for accessing Binance Smart Chain enable distribution applications or “ DAPPS” in your browser.

MetaMask configuration

Initially, you will be asked to import the wallet or create a new one
If you have already created a wallet before then import it using it’s private key otherwise select to create a new one.

MetaMask will provide you with the secret phrase this is required for recovering a private key. Download it, Memorize it or write it down someplace safe and make sure no one else can get access to it. If you are to lose this and lose access to your funds they are lost!

On the next step it will ask you to enter the phrase in the same order as it was originally presented.
And then just after reading and agreeing to their terms and conditions Boom!, your decentralized wallet is created on MetaMask. To access it click on the MetaMask icon on the top right corner of your browser (where you will also find your other extensions.

Getting into app and connecting wallet

Open the app Staking dApp and select on the top right corner to connect wallet.
Select Binance Chain Network to connect the wallet

Select the account you want to connect to and click next.

The connect section will change in app and started to show your wallet address

Make sure you switch your network to main-net (Main Binance Chain Network).
For confirmation, click on the extension of the MetaMask. On top if Main Binance Chain Network is not written then click on drop-down and select Main Binance Chain Network from it.

Import Token in MetaMask:

Open meta mask and select add token on the bottom

Select Add custom token tab on the top

Add contract address here and click next.
Token address : “0x2eb3f218a9ab652b349278f4eacf1a2488c1e704”

Features of the App:

Stake

To Stake $PHC tokens, follow the steps below.

Navigate to the Stake (icon) section from the left sidebar.

When you stake for the very first time, you will need to approve $PHC Tokens by clicking on the Approve PHC button and sending an approval transaction.

After you have approved the tokens the ‘Stake’ button will appear, enter the amount of $PHC you want to stake and set the duration for staking, click on the ‘Stake’ button, you will then be prompted to do a MetaMask transaction then your tokens will now be staked.