Introduction
Staking impactMarket can be a great option for those who want to hold PACT but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-step
- 1
Obtain impactMarket (PACT) tokens
In order to stake impactMarket, you need to have it. To obtain impactMarket, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a impactMarket wallet
Once you have PACT, you’ll need to choose a impactMarket wallet to store your tokens. Here are some good options.
- 3
Delegate your PACT
We recommend using a staking pool when staking PACT. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their PACT, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
- 4
Start validating
You’ll need to wait for your deposit to be confirmed by your wallet. Once it’s confirmed, you’ll automatically validate transactions on the impactMarket network. You’ll be rewarded with PACT for these validations.
What to be aware of
There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.
