Introduction
Staking Oraichain can be a great option for those who want to hold ORAI 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 Oraichain (ORAI) Tokens
In order to stake Oraichain, you need to have it. To obtain Oraichain, you'll need to purchase it. You can choose from these popular exchanges.
2. Choose a Oraichain Wallet
Once you have ORAI, you’ll need to choose a Oraichain wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards MyCointainer Oraichain (ORAI) Up to 19.13 APY Kucoin Oraichain (ORAI) Up to 13 APY 3. Delegate Your ORAI
We recommend using a staking pool when staking ORAI. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their ORAI, 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 Oraichain network. You’ll be rewarded with ORAI 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
Oraichain (ORAI) is currently priced at $13 with a 24-hour trading volume of $7.1M. The market cap of Oraichain stands at $182.75M, with 16.87M ORAI in circulation. For those looking to buy or trade Oraichain, MyCointainer offers avenues to do so securely and efficiently}
- Market cap
- $182.75M
- 24h volume
- $7.1M
- Circulating supply
- 16.87M ORAI
Frequently Asked Questions About Staking Oraichain (ORAI)
- What is Oraichain staking?
- Oraichain staking involves locking a specified amount of ORAI tokens to support the network's operations, earning rewards in return. Stay informed with Bitcompare's real-time price comparisons and news updates.
- How are staking rewards calculated?
- Staking rewards are dynamically calculated based on several factors including the total amount staked and network conditions. Use Bitcompare for tools like sentiment analysis to understand trends affecting your staking.
- What is the current staking reward rate for ORAI?
- Staking reward rates can change based on network performance. Visit Bitcompare regularly for up-to-date info on rates and Oraichain market conditions.
- How can I maximize my staking rewards?
- To potentially maximize rewards, keep informed about network developments and stake consistently. Bitcompare offers alerts and analysis to help make data-driven decisions.
- Where can I find Oraichain news events?
- For the latest Oraichain news, usage updates, and sentiment analysis, check Bitcompare regularly. Bookmark the page to stay ahead in the crypto market.
- Is there a minimum amount required for staking?
- The minimum staking amount may vary, so it's important to check network requirements. Regularly visiting Bitcompare can provide up-to-date requirements and rates.
- How often do staking rewards get distributed?
- Reward distribution frequency can differ across different networks. Keep track using Bitcompare's tools for timely alerts and information.
- Can staked ORAI be withdrawn anytime?
- Withdrawals are subject to network rules, which can include lock-up periods. Stay informed via Bitcompare to manage your staking effectively.
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