How do I create a wallet backup?

Your WGR coin (essentially the private keys that prove ownership) are stored in the data file named wallet.dat. (stored in the data directory). It is, therefore, a good idea to have a regular off-device (and even off-site) wallet backup routine so as to save your wallet file in the case of device or software failure.

A guide on how to backup your wallet is available here

You can name this file whatever you like, for instance, a descriptive name and today’s date. The Backup Wallet feature will always add the filetype extension ‘.dat’.

How do I create a receiving address?

If you click on ‘Receive’ > 'Request Payment, a pop up window will display with a new address shown via a QR code for mobile clients to scan with their cameras, and a Character string starts with a ‘W’ - this is your publicly distributable address, on this popup window, you can request specific payments or just create new wallet addresses and references for payment types / amounts.*

Remember, that for each of these newly created addresses, they are stored within the wallet.dat but can be separately backed up via the ‘dumpprivkey’ command in the console on the client.

Where is my wallet.dat file or the core client data directory?

The wallet.dat file is stored in the core client data directory. The data directories vary on different operating systems and platforms as follows:

  • Windows (open using file explorer or run) - %appdata%/wagerr

Windows users can copy %APPDATA%\Wagerr into the search pane and press return

  • Mac OS - ~/Library/Application Support/Wagerr - (Using the finder app, Go to menu then folder, enter ~/Library/Application Support/wagerr)

Mac users can copy ~/Library/Application Support/Wagerr into the spotlight search (Command + Spacebar) and press return.

  • Linux - ~/.wagerr

What is staking, how do I take part in it?

Wagerr is a Proof Of Stake blockchain meaning that it provides staking rewards for block formation. Rewards are distributed to wallets holding unspent coins based on the ‘age’ (or weight) of the wallet. The higher age or weight, the higher chance of a reward although there is a certain degree of randomization as well.

Blocks occur every 60 seconds and a total reward of ~3.8 $WGR is minted.

  • 25% is given to a staking wallet (~0.95 $WGR)

  • 75% is given to a masternode wallet (~2.85 $WGR)

Approximately 2 million WGR per year are minted through block rewards.To earn staking rewards, follow these steps using the latest Core/QT or Electron wallet:

  1. Deposit WGR into your wallet

  2. Unlock your wallet. Staking is auto-enabled

Note that to be eligible for staking rewards, your wallet must be unlocked and connected to the network at all times.

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