Where and how to stake Medibloc (MED)

Introduction

Staking Medibloc can be a great option for those who wish to hold MED while earning yield in a safe manner and contributing to the network. The steps can be somewhat daunting, especially the first time you do them. That’s why we have put together this guide for you.

Step-by-Step Guide

1. 1. Acquire Medibloc (MED) Tokens

   To stake Medibloc, you need to have it. To obtain Medibloc, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Gate.io	Medibloc (MED)	0.01

2. 2. Select a Medibloc Wallet

   Once you have MED, you’ll need to choose a Medibloc wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Stakewolle	Medibloc (MED)	Up to 40.46% APY

3. 3. Delegate Your MED

   We suggest using a staking pool for staking MED. It's easier and quicker to get started. A staking pool is a collection of validators who combine their MED, which increases their odds of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start Validating

   You'll have to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Medibloc network. You'll be rewarded with MED for these validations.

What to Keep in Mind

You need to keep in mind the transaction and staking pool fees. Additionally, there might be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this can take a while.