Introduction
Staking Decentraland can be an excellent choice for those looking to hold MANA while earning returns in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.
Step-by-Step Guide for Indian Investors
1. Acquire Decentraland (MANA) Tokens in India
To stake Decentraland, you first need to acquire it. To obtain Decentraland, you will have to purchase it from a cryptocurrency exchange. You can select from these popular platforms available in India.
2. Choose a Decentraland Wallet in India
Once you have MANA, you'll need to choose a Decentraland wallet to securely store your tokens. Here are some reliable options available in India.
3. Delegate Your MANA in India
We recommend using a staking pool when staking MANA. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their MANA, increasing their chances of validating transactions and earning rewards. You can easily 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's confirmed, you will automatically validate transactions on the Decentraland network. For these validations, you will be rewarded with MANA.
What to Keep in Mind
When engaging in staking, it's important to factor in transaction fees and staking pool charges. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time to accomplish.
Latest Trends in India
- Market capitalization
- $91.68Cr
- 24-hour trading volume
- $8.24Cr
- Circulating supply in the market
- 186.8Cr MANA
