How to Stake Victory Impact (VIC) in Australia

Introduction

Staking Victory Impact can be a great option for those who want to hold VIC 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 Victory Impact (VIC) Tokens

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

   Platform	Coin	Cost
   Binance	Victory Impact (VIC)	0.09
   BTSE	Victory Impact (VIC)	0.09
   Gate.io	Victory Impact (VIC)	0.09
   Hotcoin	Victory Impact (VIC)	0.25
   HTX	Victory Impact (VIC)	0.03

   See all 9 prices

2. 2. Choose a Victory Impact Wallet

   Once you have VIC, you'll need to choose a Victory Impact wallet to store your tokens. Here are some great options.

   Platform	Coin	Staking returns
   Binance	Victory Impact (VIC)	Up to 5.9% p.a.

3. 3. Delegate Your VIC

   We recommend using a staking pool when staking VIC. It's simpler and quicker to get started. A staking pool is a group of validators who combine their VIC, 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 Victory Impact network. You'll be rewarded with VIC 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.