Cryptocurrency Q&A
How long does it take to unstake ANKR?
How long does it take to unstake ANKR?
WhisperInfinity
Tue Jul 30 2024
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5 answers
1005
Could you please elaborate on the process and timeline for unstaking ANKR? Specifically, what are the steps involved, and how long does the entire process typically take? Are there any factors that might impact the duration, such as network congestion or specific timeframes for unstaking? Additionally, is there a fee associated with the unstaking process, and if so, how is it calculated? Understanding these details would greatly assist in making informed decisions regarding ANKR staking and unstaking.
5 answers
Valentino
Thu Aug 01 2024
Once the undelegate period has elapsed, users can then proceed to claim their unstaked ANKR tokens. This is done by directing the tokens to a connected wallet address, where they can be stored and managed securely.
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GeishaElegance
Thu Aug 01 2024
Unstaking cryptocurrency involves a specific process that requires patience and attention to detail. One key aspect of this process is the undelegate period, which is a mandatory waiting time before users can reclaim their tokens.
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Carlo
Thu Aug 01 2024
For unstaking ANKR, the undelegate period is set to 1 next epoch, which typically corresponds to 7 days. This means that after initiating the unstaking process, users must wait for the completion of the next epoch before they can access their unstaked tokens.
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Martina
Wed Jul 31 2024
The timing of the undelegate period can vary depending on when the unstaking process is initiated. For instance, if an epoch starts on Monday and the unstaking is done on the same day, users will have to wait for 14 days (the current epoch plus the next epoch) before they can claim their tokens.
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Dario
Wed Jul 31 2024
However, if the unstaking is done on any other day of the week, the waiting time will be reduced accordingly. For example, if the unstaking is done on Tuesday, users will have to wait for 13 days before they can claim their tokens.
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