Introduction
Staking Luminous is an excellent choice for those looking to hold LUM while earning yield securely and supporting the network. The process may seem overwhelming, especially for first-timers. That's why we've created this guide to help you through it.
Comprehensive Guide
1. Acquire Luminous (LUM) Tokens
To stake Luminous, you first need to acquire it. You can purchase Luminous from various popular exchanges.
View all 4 pricesPlatform Coin Cost CoinEx Luminous (LUM) 1.53 MEXC Global Luminous (LUM) 1.48 2. Select a Luminous Wallet
Once you have LUM, you'll need to select a Luminous wallet to keep your tokens safe. Here are some great options.
Platform Coin Staking benefits Stakewolle Luminous (LUM) Earn up to 35.19% APY 3. Delegate Your LUM
We suggest using a staking pool for staking LUM. It's easier and quicker to start. A staking pool consists of validators who pool their LUM, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.
4. Begin Validation
You will need to wait for your deposit to be confirmed by your wallet. Once confirmed, you will automatically validate transactions on the Luminous network. You will be rewarded with LUM for these validations.
Key Considerations
Consider the transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.
Recent Developments
Luminous (LUM) is currently priced at $35.19 with a 24-hour trading volume of $488,804. The market cap of Luminous stands at $7.4M, with 1M LUM in circulation. For those looking to buy or trade Luminous, Stakewolle offers avenues to do so securely and efficiently
- Market capitalization
- $7.4M
- 24-hour trading volume
- $488,804
- Circulating supply refers to the total amount of a cryptocurrency or token that is currently available for trading in the market. It excludes tokens that are locked, reserved, or not yet released.
- 1M LUM