Latest Movements in Uganda's Financial Landscape
- Market capitalization
- US$2.37M
- 24-hour trading volume
- US$8,236.48
- Available supply
- 11.91M MC
MC
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USDCImportant Notice
Staking Merit Circle can be an excellent choice for those looking to hold MC while earning APY in a secure manner and supporting the network. The process might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide specifically for you.
To stake Merit Circle, you first need to acquire it. To obtain Merit Circle, you will have to buy it. You can select from these well-known exchanges available in Uganda.
| E-platform | Coin | Cost |
|---|---|---|
| Binance | Merit Circle (MC) | 0.49 APY |
| Kraken | Merit Circle (MC) | 0.04 APY |
| Bitget | Merit Circle (MC) | 0.07 APY |
| Bitpanda | Merit Circle (MC) | 0.48 APY |
| Gate.io | Merit Circle (MC) | 0.45 APY |
Once you have MC, you'll need to select a Merit Circle wallet to securely store your tokens. Here are some reliable options to consider.
We recommend using a staking pool when staking MC. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their MC, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
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 Merit Circle network. You'll be rewarded with MC for these validations.
There are transaction and staking pool fees you need to keep in mind. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, which can take a bit of time.
