Introduction

Staking Parcl can be a great option for those who want to hold PRCL but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That's why we've put this guide together for you.

Step-by-Step Guide

1. 1. Obtain Parcl (PRCL) Tokens

   In order to stake Parcl, you need to have it. To obtain Parcl, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Kraken	Parcl (PRCL)	0.09
   OKX	Parcl (PRCL)	0.09
   Coinbase	Parcl (PRCL)	0.09
   MEXC Global	Parcl (PRCL)	0.09
   Bitget	Parcl (PRCL)	0.09
   Kucoin	Parcl (PRCL)	0.09

   See all 33 prices

2. 2. Choose a Parcl Wallet

   Once you have PRCL, you'll need to choose a Parcl wallet to store your tokens. Here are some good options.

3. 3. Delegate Your PRCL

   We recommend using a staking pool when staking PRCL. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their PRCL, which gives them a higher chance of validating transactions and earning rewards. You can do 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 Parcl network. You'll be rewarded with PRCL for these validations.

What to be Aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.