Where and How to Stake Medibloc (MED)

Introduction

Staking Medibloc can be a great option for those who want to hold MED but earn yield in a safe way while contributing to the network. The steps can be a bit daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. 1. Acquire Medibloc (MED) Tokens

   To stake Medibloc, you need to own it. To get Medibloc, you'll need to buy it. You can select from these popular exchanges.

   Platform	Coin	Price
   Gate.io	Medibloc (MED)	0.01

2. 2. Choose a Medibloc Wallet

   Once you have MED, you’ll need to choose a Medibloc wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Stakewolle	Medibloc (MED)	Up to 40.46 APY

3. 3. Delegate Your MED

   We recommend using a staking pool when staking MED. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their MED, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 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 Medibloc network. You’ll be rewarded with MED for these validations.

What to be Aware of

There are transaction and staking pool fees you need to consider. There might also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.