Introduction
Staking XAI can be a great option for those who want to hold x 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 Guide
1. Obtain XAI (x) Tokens
In order to stake XAI, you need to have it. To obtain XAI, you'll need to purchase it. You can choose from these popular exchanges.
2. Choose a XAI Wallet
Once you have x, you'll need to choose a XAI wallet to store your tokens. Here are some good options.
3. Delegate Your x
We recommend using a staking pool when staking x. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their x, 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 XAI network. You'll be rewarded with x 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.
Latest Movements
XAI (x) is currently priced at $1. For those looking to buy or trade XAI, Bitmart offers avenues to do so securely and efficiently}