How to stake MANTRA (OM) coins?

MANTRA (OM) Coin Staking Tutorial

How to stake MANTRA (OM) Coin?

The staking process of MANTRA (OM) coins involves the following steps:

1. Purchase and store

• On supporting OM Purchase OM Coins on a pledged cryptocurrency exchange or wallet.
• Transfer OM coins to a wallet or platform that supports staking.

2. Choose a staking platform

• Choose a trusted staking platform such as Mantra DAO or pNetwork.
• These platforms provide staking services, allowing stakers to receive staking rewards.

3. Create a staking pool

• On the selected platform, create or join a staking pool.
• Specify the amount of OM coins you wish to stake and any other necessary parameters.

4. Staking OM coins

• Deposit your OM coins into the pledge pool.
• Once staking is completed, your OM coins will be locked and you will start earning staking rewards.

5. Earn rewards

• According to the terms of the staking pool, you will receive staking rewards regularly, usually in OM coins or other tokens issued in the form of.
• The amount of the reward depends on your staked amount, the staking pool’s reward rate and overall network activity.

Note:

• Staking usually involves a lock-up period during which your OM coins will not be available for use.
• Network activity and market conditions may affect the yield on staking rewards.
• It is important to choose a reputable staking platform to ensure the safety of your funds and get the maximum benefits.

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