How to Stake MANTRA (OM): A Step-by-Step Guide

Introduction

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

Step-by-Step Guide

1. Obtain MANTRA (OM) Tokens
In order to stake MANTRA, you need to have it. To obtain MANTRA, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
OKX MANTRA (OM) 3,98
YouHodler MANTRA (OM) 3,97
Binance MANTRA (OM) 3,96
BTSE MANTRA (OM) 3,97
Bitget MANTRA (OM) 3,89
BingX MANTRA (OM) 3,97
See all 19 prices
2. Choose a MANTRA Wallet
Once you have OM, you’ll need to choose a MANTRA wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
Binance MANTRA (OM) Up to 19,9 APY
Stakin MANTRA (OM) Up to 0 APY
3. Delegate Your OM
We recommend using a staking pool when staking OM. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their OM, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
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 MANTRA network. You’ll be rewarded with OM for these validations.

Platform	Coin	Price
OKX	MANTRA (OM)	3,98
YouHodler	MANTRA (OM)	3,97
Binance	MANTRA (OM)	3,96
BTSE	MANTRA (OM)	3,97
Bitget	MANTRA (OM)	3,89
BingX	MANTRA (OM)	3,97

Platform	Coin	Staking rewards
Binance	MANTRA (OM)	Up to 19,9 APY
Stakin	MANTRA (OM)	Up to 0 APY

What to be Aware of

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

Latest Movements

MANTRA (OM) is currently priced at US$19.9 with a 24-hour trading volume of US$78.62M. The market cap of MANTRA stands at US$3.81B, with US$959.61M OM in circulation. For those looking to buy or trade MANTRA, Binance offers avenues to do so securely and efficiently}

Market cap: US$3.81B
24h volume: US$78.62M
Circulating supply: US$959.61M

See latest information

Frequently Asked Questions About Staking MANTRA (OM)

What are MANTRA (OM) staking rewards?: MANTRA (OM) staking rewards are incentives for participating in the network by holding and locking OM tokens. Rewards may vary based on different factors. Stay informed with real-time price comparisons, email alerts, and sentiment analysis on Bitcompare, your trusted crypto comparison platform.
How can I start staking my MANTRA (OM) tokens?: To stake MANTRA (OM), you'll need to hold tokens in a compatible wallet and follow the staking procedures specified by the platform. Monitor exchanges, rates, and updates on Bitcompare for a seamless staking experience. Regular updates ensure better decisions in the crypto market.
Is there a minimum amount of OM required for staking?: Specific platforms may require a minimum amount of OM tokens for staking. Always check the latest details on staking thresholds through trustworthy sources and tools on Bitcompare to ensure you're fully informed and prepared to stake effectively.
How are MANTRA (OM) staking rewards calculated?: Staking rewards are influenced by factors like staking duration, amount staked, and network performance. Utilize Bitcompare for detailed analysis, email alerts, and real-time price data. Staying informed helps stakeholders stay ahead in the dynamic crypto market.
When are staking rewards distributed?: Distribution schedules for staking rewards differ per platform. Regularly check your staking platform for updates. Use Bitcompare for timely news on MANTRA (OM) events and reward distribution to keep your plans aligned with market activities.
Are there risks associated with staking MANTRA (OM)?: While staking can yield rewards, risks include market volatility and platform security. Regular checking of Bitcompare's tools like sentiment analysis and news can help anticipate risks, staying informed for strategic decisions in the evolving cryptocurrency landscape.
How can I maximize my staking rewards?: Maximize staking rewards by understanding market conditions, staking requirements, and timing. Bitcompare offers crucial data such as sentiment analysis, real-time price comparisons, and news events. Regular updates enhance your ability to make strategic moves.
What is the tax implication on staking rewards?: Tax implications depend on your jurisdiction. Consult with a tax professional for specific advice. Use Bitcompare to track your staking activity and market news to stay prepared for any reporting requirements related to MANTRA (OM) staking rewards.
Can I unstake my tokens anytime?: Unstaking policies vary by platform, often involving a lock-up period. Reviewing platform guidelines and updates through Bitcompare helps ensure you understand unstaking terms, impacting your liquidity strategy in the dynamic crypto environment.
Where can I find the latest MANTRA (OM) staking news?: Access the latest MANTRA (OM) staking news, events, and analysis through Bitcompare. Their platform features real-time updates, sentiment analysis, and price comparisons, essential tools to stay ahead of market shifts.