Where and How to Stake Victory Impact (VIC)

Introduction

Staking Victory Impact can be a great option for those who want to hold VIC 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 Victory Impact (VIC) Tokens

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

   Platform	Coin	Price
   Binance	Victory Impact (VIC)	0.39
   BTSE	Victory Impact (VIC)	0.39
   Gate.io	Victory Impact (VIC)	0.39
   HTX	Victory Impact (VIC)	0.39

   See all 4 prices

2. 2. Choose a Victory Impact Wallet

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

   Platform	Coin	Staking rewards
   Binance	Victory Impact (VIC)	Up to 5.9 APY

3. 3. Delegate Your VIC

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