How to Stake Terra Classic (Wormhole) (LUNC)

Introduction

Staking Terra Classic (Wormhole) can be an excellent choice for those looking to hold LUNC while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African Investors

1. 1. Acquire Terra Classic (Wormhole) (LUNC) Tokens

   To stake Terra Classic (Wormhole), you first need to acquire it. To obtain Terra Classic (Wormhole), you'll need to buy it. You can select from these popular exchanges available in South Africa.

   Platform	Mint	Cost
   Kraken	Terra Classic (Wormhole) (LUNC)	0,00004275
   CoinEx	Terra Classic (Wormhole) (LUNC)	0,00004275
   Hotcoin	Terra Classic (Wormhole) (LUNC)	0,00004269
   Kucoin	Terra Classic (Wormhole) (LUNC)	0,00004265
   MEXC Global	Terra Classic (Wormhole) (LUNC)	0,00004266
   WhiteBit	Terra Classic (Wormhole) (LUNC)	0,00004269

   View all 11 prices

2. 2. Select a Terra Classic (Wormhole) Wallet

   Once you have LUNC, you'll need to choose a Terra Classic (Wormhole) wallet to store your tokens securely. Here are some solid options to consider.

   Platform	Mint	Staking rewards in South Africa
   Kucoin	Terra Classic (Wormhole) (LUNC)	Up to 3% APY

3. 3. Delegate Your LUNC

   We recommend using a staking pool when staking LUNC. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their LUNC, which increases their chances of validating transactions and earning rewards. You can manage 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 Terra Classic (Wormhole) network. You'll be rewarded with LUNC for these validations.

What to Keep in Mind

There are transaction and staking pool fees you need to take into account. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this process can take some time.