Introduction
Staking LIKE is an excellent choice for those looking to hold LIKE 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 LIKE (LIKE) Tokens
To stake LIKE, you first need to acquire it. You can purchase LIKE from various popular exchanges.
2. Select a LIKE Wallet
Once you have LIKE, you'll need to select a LIKE wallet to keep your tokens safe. Here are some great options.
3. Delegate Your LIKE
We suggest using a staking pool for staking LIKE. It's easier and quicker to start. A staking pool consists of validators who pool their LIKE, 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 LIKE network. You will be rewarded with LIKE 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.