Introduction
Staking Medibloc can be a great option for those who want to hold MED 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 Medibloc (MED) Tokens
In order to stake Medibloc, you need to have it. To obtain Medibloc, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price Gate.io Medibloc (MED) 0.01 2. Choose a Medibloc Wallet
Once you have MED, you’ll need to choose a Medibloc wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards MyCointainer Medibloc (MED) Up to 40 APY Stakewolle Medibloc (MED) Up to 40.46 APY StakeTab Medibloc (MED) Up to 9 APY 3. Delegate Your MED
We recommend using a staking pool when staking MED. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their MED, 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 Medibloc network. You’ll be rewarded with MED for these validations.
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
Medibloc (MED) is currently priced at $40 with a 24-hour trading volume of $5,856,389. The market cap of Medibloc stands at $95,877,744, with $9,543,626,701 MED in circulation. For those looking to buy or trade Medibloc, MyCointainer offers avenues to do so securely and efficiently}
- Market cap
- $95.88M
- 24h volume
- $5.86M
- Circulating supply
- $9.54B