Where and How to Stake Pandora (PANDORA)

Introduction

Staking Pandora can be a great option for those who want to hold PANDORA 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. 1. Obtain Pandora (PANDORA) Tokens

   In order to stake Pandora, you need to have it. To obtain Pandora, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Bitmart	Pandora (PANDORA)	1,871.22
   BingX	Pandora (PANDORA)	1,859.61
   Kucoin	Pandora (PANDORA)	1,850.11
   Gate.io	Pandora (PANDORA)	1,871.2
   Hotcoin	Pandora (PANDORA)	1,868.4
   HTX	Pandora (PANDORA)	1,868.32

   See all 6 prices

2. 2. Choose a Pandora Wallet

   Once you have PANDORA, you’ll need to choose a Pandora wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Bitmart	Pandora (PANDORA)	Up to 1 APY

3. 3. Delegate Your PANDORA

   We recommend using a staking pool when staking PANDORA. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their PANDORA, which gives them a higher chance of validating transactions and earning rewards. You can do 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 Pandora network. You’ll be rewarded with PANDORA 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.