Introduction
Staking Oraichain is an excellent choice for those looking to hold ORAI 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 Oraichain (ORAI) Tokens
To stake Oraichain, you first need to acquire it. You can purchase Oraichain from various popular exchanges.
View all 17 pricesPlatform Coin Cost Uphold Oraichain (ORAI) 2.97 Bake Oraichain (ORAI) 1.49 Bitget Oraichain (ORAI) 1.52 Bitpanda Oraichain (ORAI) 10.03 CoinEx Oraichain (ORAI) 1.51 Crypto.com Oraichain (ORAI) 1.47 2. Select a Oraichain Wallet
Once you have ORAI, you'll need to select a Oraichain wallet to keep your tokens safe. Here are some great options.
Platform Coin Staking benefits Kucoin Oraichain (ORAI) Earn up to 13% APY MyCointainer Oraichain (ORAI) Earn up to 19.13% APY 3. Delegate Your ORAI
We suggest using a staking pool for staking ORAI. It's easier and quicker to start. A staking pool consists of validators who pool their ORAI, 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 Oraichain network. You will be rewarded with ORAI 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
Oraichain (ORAI) is currently priced at $19.13 with a 24-hour trading volume of $7.1M. The market cap of Oraichain stands at $182.75M, with 16.87M ORAI in circulation. For those looking to buy or trade Oraichain, Kucoin offers avenues to do so securely and efficiently
- Market capitalization
- $182.75M
- 24-hour trading volume
- $7.1M
- 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.
- 16.87M ORAI