Where and How to Stake Razor Network (RAZOR)

Introduction

Staking Razor Network can be a great option for those who want to hold RAZOR 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 Razor Network (RAZOR) Tokens

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

   Platform	Coin	Price
   MEXC Global	Razor Network (RAZOR)	0.00
   Gate.io	Razor Network (RAZOR)	0.00

2. 2. Choose a Razor Network Wallet

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

   Platform	Coin	Staking rewards
   Stakin	Razor Network (RAZOR)	Up to 10.79 APY

3. 3. Delegate Your RAZOR

   We recommend using a staking pool when staking RAZOR. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their RAZOR, 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 Razor Network network. You’ll be rewarded with RAZOR 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.