How to Update Your Bittorium Smart Node Collateral: A Step-by-Step Guide
As a Bittorium smart node holder, you may be aware that the collateral is increasing very soon. This means that if your smart node's collateral falls below the required amount, it will become offline and will no longer earn any rewards.
In this article, we'll walk you through how to update your smart node collateral on the Pecunia platform, a cheap platform for Raptorium and Bittorium nodes, among others.
Understanding Smart Node Collateral
First, let's go over what smart node collateral is. Collateral is a certain amount of cryptocurrency that a smart node owner must hold to keep their node online and receive rewards.
For Bittorium smart nodes, the collateral is currently at 1.25 million Bittorium. However, in just a few days, the collateral will increase to 1.5 million Bittorium. If your node falls below this amount, it will become offline.
If you currently have the required amount of collateral for your Bittorium smart node, you don't need to do anything. But if your collateral is below the required amount, you will need to update it soon.
Updating Smart Node Collateral
The process of updating your smart node collateral is relatively simple. First, make sure you have the required amount of Bittorium in your wallet. Then, follow these steps:
Step 1: Log in to the Pecunia platform and go to your smart node's configuration page.
Step 2: Find your smart node's address and tax ID.
Step 3: Edit your transaction by adding the required amount of collateral (1.5 million Bittorium).
Step 4: Resend your transaction.
Alternatively, you can also update your smart node collateral by going to your config and following the steps provided on this Pecunia support page. This method is more convenient, as it doesn't require you to manually edit your transaction.
Preparing for the Collateral Increase
If you currently have less than 1.5 million Bittorium as collateral for your smart node, you will need to update your collateral soon. This is because in just a few days, the collateral requirement will increase to 1.5 million Bittorium, and nodes with less collateral will become offline.
To avoid losing any downtime, we recommend updating your smart node collateral as soon as possible. By doing so, you may also benefit from extra rewards, as many nodes may fall offline due to the collateral increase.
Conclusion
Smart node collateral is an essential aspect of keeping your Bittorium smart node online and earning rewards. If your collateral falls below the required amount, you must update it soon to avoid losing any downtime.
With the simple steps outlined above, you can easily update your smart node collateral on the Pecunia platform. By doing so, you can ensure that your node stays online and continues to earn rewards, even after the collateral increase.
So, get prepared and update your smart node collateral today!