How to Stake Terra Luna Classic (LUNC)

Introduction

Staking Terra Luna Classic can be an excellent choice for those looking to hold LUNC 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.

Step-by-Step Guide for Ugandan Investors

1. 1. Acquire Terra Luna Classic (LUNC) Tokens

   To stake Terra Luna Classic, you first need to acquire it. To obtain Terra Luna Classic, you will have to buy it. You can select from these well-known exchanges available in Uganda.

   E-platform	Coin	Cost
   Binance	Terra Luna Classic (LUNC)	0.00003929 APY
   BTSE	Terra Luna Classic (LUNC)	0.00003931 APY
   OKX	Terra Luna Classic (LUNC)	0.0000599 APY
   Uphold	Terra Luna Classic (LUNC)	0.00006084 APY
   BingX	Terra Luna Classic (LUNC)	0.00003956 APY
   Bitget	Terra Luna Classic (LUNC)	0.00003934 APY

   See all 27 prices in Uganda

2. 2. Select a Terra Luna Classic Wallet

   Once you have LUNC, you'll need to select a Terra Luna Classic wallet to securely store your tokens. Here are some reliable options to consider.

   E-platform	Coin	Staking rewards in Uganda
   Bitget	Terra Luna Classic (LUNC)	Up to 8% APY
   Bitmart	Terra Luna Classic (LUNC)	Up to 0.3% APY

   View all 5 staking rewards available.

3. 3. Delegate Your LUNC

   We recommend using a staking pool when staking LUNC. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their LUNC, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 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 Terra Luna Classic network. You'll be rewarded with LUNC for these validations.

What to Keep in Mind

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.