How to Stake Sora AI (SORA) in Australia

Introduction

Staking Sora AI can be a great option for those who want to hold SORA 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.

Step-by-Step Guide

1. 1. Obtain Sora AI (SORA) Tokens

   To stake Sora AI, you need to own it. To obtain Sora AI, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Cost
   Bitget	Sora AI (SORA)	0
   CoinEx	Sora AI (SORA)	0.0002381
   MEXC Global	Sora AI (SORA)	0.0003806

   See all 5 prices

2. 2. Choose a Sora AI Wallet

   Once you have SORA, you'll need to choose a Sora AI wallet to store your tokens. Here are some great options.

   Platform	Coin	Staking returns
   Bitmart	Sora AI (SORA)	Up to 1% % p.a.

3. 3. Delegate Your SORA

   We recommend using a staking pool when staking SORA. It's simpler and quicker to get started. A staking pool is a group of validators who combine their SORA, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 4. Begin Validation

   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 Sora AI network. You'll be rewarded with SORA for these validations.

What to Be Aware Of

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.