Introduction
Staking XAI is an excellent choice for those looking to hold x 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 XAI (x) Tokens
To stake XAI, you first need to acquire it. You can purchase XAI from various popular exchanges.
2. Select a XAI Wallet
Once you have x, you'll need to select a XAI wallet to keep your tokens safe. Here are some great options.
3. Delegate Your x
We suggest using a staking pool for staking x. It's easier and quicker to start. A staking pool consists of validators who pool their x, 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 XAI network. You will be rewarded with x 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
XAI (x) is currently priced at $1. For those looking to buy or trade XAI, Bitmart offers avenues to do so securely and efficiently