Earn up to
35.19% p.a.
A comprehensive guide on how to stake Luminous (LUM)
We have a wealth of data on staking Luminous (LUM) and we're pleased to share some of this with you.
We present some staking options with other coins that may be of interest.
Luminous (LUM) is currently priced at USD 35.19 with a 24-hour trading volume of USD 488,804. The market cap of Luminous stands at USD 7.4M, with 1M LUM in circulation. For those looking to buy or trade Luminous, Stakewolle offers avenues to do so securely and efficiently
Staking Luminous can be a great option for those who want to hold LUM while earning yield safely and contributing to the network. The steps may seem daunting, especially the first time you attempt them. That's why we've created this guide for you.
To stake Luminous, you need to own it. To obtain Luminous, you'll need to buy it. You can choose from these popular exchanges.
| Platform | Coin | Cost |
|---|---|---|
| CoinEx | Luminous (LUM) | 0.6 |
| MEXC Global | Luminous (LUM) | 0.53 |
Once you have LUM, you'll need to choose a Luminous wallet to store your tokens. Here are some great options.
| Platform | Coin | Staking returns |
|---|---|---|
| Stakewolle | Luminous (LUM) | Up to 35.19% p.a. |
We recommend using a staking pool when staking LUM. It's simpler and quicker to get started. A staking pool is a group of validators who combine their LUM, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
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 Luminous network. You'll be rewarded with LUM for these validations.
There are transaction and staking pool fees to consider. Additionally, there may be a waiting period before you start earning rewards. The staking pool needs to generate blocks, which can take some time.
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