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.
See all 8 pricesPlatform Coin Price Bitpanda Oraichain (ORAI) 10.96 Uphold Oraichain (ORAI) 8.17 MEXC Global Oraichain (ORAI) 11.01 Bitget Oraichain (ORAI) 10.99 Kucoin Oraichain (ORAI) 11 Gate.io Oraichain (ORAI) 11 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 Kucoin Oraichain (ORAI) Up to 13 APY MyCointainer Oraichain (ORAI) Up to 19.13 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.
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 $13 with a 24-hour trading volume of $7,351,870. The market cap of Oraichain stands at $183,877,000, with $16,598,048 ORAI in circulation. For those looking to buy or trade Oraichain, Kucoin offers avenues to do so securely and efficiently}
- Market cap
- $183.88M
- 24h volume
- $7.35M
- Circulating supply
- $16.6M
Frequently Asked Questions About Staking Oraichain (ORAI)
- What is Oraichain staking?
- Oraichain staking involves locking up ORAI tokens within the network to help secure it and validate transactions. In return, stakers earn rewards as compensation.
- How often are Oraichain staking rewards distributed?
- Staking rewards for Oraichain are typically distributed on a regular basis, such as daily or weekly, depending on the specific protocols of the network. Always check for the latest distribution schedules.
- What factors affect Oraichain staking rewards?
- Staking rewards can be influenced by factors like the total amount of ORAI staked, network inflation rate, and individual validator performance. Staying informed can help maximize returns.
- Is there a minimum amount of ORAI required to stake?
- Yes, most networks have a minimum staking requirement. For Oraichain, it's essential to check the current threshold as it's subject to change. Stay informed on the Bitcompare platform.
- How can I maximize my Oraichain staking rewards?
- Ensure regular updates on your staking parameters and monitor performance of your chosen validators. Use Bitcompare for real-time insights and alerts to enhance your staking strategy.
- Are there any risks associated with Oraichain staking?
- Staking involves risks such as slashing or penalties for validator misbehavior. Always diversify and stay updated with the latest Oraichain news to mitigate potential risks.
- What tools are available to track Oraichain prices and staking returns?
- Bitcompare offers real-time price comparisons, sentiment analysis, email alerts, and news updates about Oraichain. Bookmark the platform to stay ahead in the dynamic crypto market.
- How can I stay informed about changes in the Oraichain network?
- Regularly visit Bitcompare for the latest news and updates on Oraichain. Use their tools for a comprehensive overview to make informed decisions and stay ahead in the market.
- Can I unstake my ORAI tokens anytime?
- Unstaking is typically subject to a lock-up period after initiation. It's crucial to check the current lock-up rules on the Oraichain network to plan your staking strategy effectively.
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