Introduction
Staking Luminous can be an excellent option for those who wish to hold LUM while earning AER in a secure manner and contributing to the network. The process may seem a bit overwhelming, particularly the first time you undertake it. That's why we've compiled this guide for you.
Step-by-Step Guide
1. Obtain Luminous (LUM) Tokens
To stake Luminous, you need to possess it. To obtain Luminous, you'll need to purchase it. You can choose from these popular exchanges.
View all 4 pricesPlatform Coin Price CoinEx Luminous (LUM) 1.73 MEXC Global Luminous (LUM) 1.73 2. Choose a Luminous Wallet
Once you have LUM, you'll need to choose a Luminous wallet to store your tokens. Here are some suitable options.
Platform Coin Staking rewards Stakewolle Luminous (LUM) Up to 35.19% AER 3. Delegate Your LUM
We recommend using a staking pool when staking LUM. It's simpler and quicker to get started. A staking pool is a group of validators who combine their LUM, which increases their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
4. Start Validating
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 Luminous network. You will be rewarded with LUM for these validations.
What to Be Aware Of
There are transaction and staking pool fees you need to consider. There may 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 in the UK
Luminous (LUM) is currently priced at US$35.19 with a 24-hour trading volume of US$488,804. The market cap of Luminous stands at US$7.4M, with 1M LUM in circulation. For those looking to purchase or trade Luminous, Stakewolle offers avenues to do so securely and efficiently
- Market capitalisation
- US$7.4M
- 24-hour volume
- US$488,804
- Circulating supply
- 1M LUM
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