How to Stake Terra Classic (Wormhole) (LUNC) for better returns

Introduction

Staking Terra Classic (Wormhole) can be an excellent choice for individuals looking to hold LUNC while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-time users. That's why we have created this comprehensive guide to assist you.

Step-by-Step Guide

1. 1. Acquire Terra Classic (Wormhole) (LUNC) Tokens

   To stake Terra Classic (Wormhole), you first need to acquire it. To obtain Terra Classic (Wormhole), you can purchase it from these well-known exchanges.

   平台	Coin	Price
   Kraken	Terra Classic (Wormhole) (LUNC)	0.00006036 APY
   CoinEx	Terra Classic (Wormhole) (LUNC)	0.00006098 APY
   Hotcoin	Terra Classic (Wormhole) (LUNC)	0.00006085 APY
   Kucoin	Terra Classic (Wormhole) (LUNC)	0.00006092 APY
   MEXC Global	Terra Classic (Wormhole) (LUNC)	0.0000608 APY
   WhiteBit	Terra Classic (Wormhole) (LUNC)	0.00006084 APY

   View all 11 prices

2. 2. Select a Terra Classic (Wormhole) Wallet for Your Needs

   Once you have LUNC, you'll need to select a Terra Classic (Wormhole) wallet to securely store your tokens. Here are some excellent options to consider.

   平台	Coin	Staking returns
   Kucoin	Terra Classic (Wormhole) (LUNC)	Up to 3% APY

3. 3. Delegate Your LUNC for Enhanced Returns

   We recommend utilizing a staking pool when staking LUNC. It is more straightforward and quicker to get started. A staking pool consists of a collective of validators who pool their LUNC, enhancing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.

4. 4. Begin Verification

   You will need to wait for your deposit to be confirmed by your wallet. Once it is confirmed, you will automatically validate transactions on the Terra Classic (Wormhole) network. For these validations, you will be rewarded with LUNC.

What to Consider in the Chinese Market

When engaging in transactions and participating in staking pools, it's important to factor in the associated fees. Additionally, there may be a waiting period before you begin to receive rewards. The staking pool must successfully generate blocks, which can require some time to accomplish.