How to Stake Oraichain (ORAI): A Step-by-Step Guide

Introduction

Staking Oraichain can be a great option for those who want to hold ORAI 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 Oraichain (ORAI) Tokens
In order to stake Oraichain, you need to have it. To obtain Oraichain, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Uphold Oraichain (ORAI) 4.35
Bitget Oraichain (ORAI) 4.33
Kucoin Oraichain (ORAI) 4.33
MEXC Global Oraichain (ORAI) 4.33
CoinEx Oraichain (ORAI) 4.35
Gate.io Oraichain (ORAI) 4.35
See all 17 prices
2. Choose a Oraichain Wallet
Once you have ORAI, you’ll need to choose a Oraichain wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
MyCointainer Oraichain (ORAI) Up to 19.13 APY
Kucoin Oraichain (ORAI) Up to 13 APY
3. Delegate Your ORAI
We recommend using a staking pool when staking ORAI. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their ORAI, 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 Oraichain network. You’ll be rewarded with ORAI for these validations.

Platform	Coin	Price
Uphold	Oraichain (ORAI)	4.35
Bitget	Oraichain (ORAI)	4.33
Kucoin	Oraichain (ORAI)	4.33
MEXC Global	Oraichain (ORAI)	4.33
CoinEx	Oraichain (ORAI)	4.35
Gate.io	Oraichain (ORAI)	4.35

Platform	Coin	Staking rewards
MyCointainer	Oraichain (ORAI)	Up to 19.13 APY
Kucoin	Oraichain (ORAI)	Up to 13 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

Oraichain (ORAI) is currently priced at $19.13 with a 24-hour trading volume of $7.1M. The market cap of Oraichain stands at $182.75M, with 16.87M ORAI in circulation. For those looking to buy or trade Oraichain, MyCointainer offers avenues to do so securely and efficiently}

Market cap: $182.75M
24h volume: $7.1M
Circulating supply: 16.87M ORAI

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Frequently Asked Questions About Staking Oraichain (ORAI)

What are Oraichain staking rewards?: Oraichain staking rewards are incentives for users who participate in securing the network by staking their ORAI tokens. The rewards are typically based on the amount staked and the duration of staking, leading to benefits such as earning additional ORAI. Stay informed through platforms like Bitcompare for real-time insights.
How often are staking rewards distributed?: Staking rewards distribution frequency on Oraichain can vary, typically occurring at regular intervals such as daily or weekly. To get exact timing and maximize your rewards, keep yourself updated on the Bitcompare platform for the latest news and price updates.
Can I stake ORAI on multiple platforms?: Yes, you may choose to stake ORAI on different platforms depending on the terms and benefits each offer. It's crucial to compare options across platforms for the best rates. Bitcompare provides valuable tools for comparing exchange rates and staking conditions to help make informed decisions.
What factors affect Oraichain staking rewards?: Several factors influence staking rewards, including the total amount of ORAI staked, network participation, and validator performance. Stay informed of changes using Bitcompare's tools like real-time price comparisons and the latest news to strategically manage your staking activities.
Are there any risks associated with ORAI staking?: Staking carries potential risks such as token price volatility and network security. It's important to monitor market conditions and platform performance. Bitcompare offers comprehensive insights and updates to keep you informed, helping you navigate these risks more effectively.
How do I start staking my ORAI?: To start staking ORAI, choose a reputable staking platform, transfer your tokens, and select the staking option. Compare platforms using Bitcompare to ensure you're selecting the best option available based on current exchange rates and terms.
Can staking rewards be compounded?: Compounding rewards depends on the platform's policies. Some platforms allow rewards to be automatically added to your staked amount. Use tools on Bitcompare to explore and compare platforms offering compounding options to maximize your potential earnings.