How to stake MAGA coins

MAGA Coin Staking Guide

MAGA Coin Staking is a mechanism for depositing MAGA Coins into a designated account to earn rewards. Through staking, currency holders can support the MAGA ecosystem and earn passive income in two ways:

Method 1: MAGA Staking

• Step 1: Create a MAGA wallet

  • Download and install a wallet that supports the BSC network such as Trust Wallet or MetaMask.

• Step 2: Add MAGA Coins

  • Transfer the MAGA Coins to your newly created wallet address.
• Step 3: Connect wallet
  - Visit the MAGA staking platform (https://maga.vip/) and connect your wallet.

• Step 4: Select the pledge amount

  • Enter the amount of MAGA coins you want to pledge.

• Step 5: Confirm Pledge

  • Check your staking details carefully and click "Confirm Pledge".

Method 2: LP staking (liquidity mining)

• Step 1: Create LP Tokens

  • Use PancakeSwap or other DEX to create LP tokens by pairing MAGA coins with another currency (such as BNB).

• Step 2: Add LP Tokens

  • Add the created LP Tokens to your MAGA wallet .
• Step 3: Connect wallet
  - Visit the MAGA staking platform and connect your wallet.

• Step 4: Select LP Staking

  • Select the LP Staking option and enter your LP token amount.

• Step 5: Confirm Pledge

  • Check your staking details carefully and click "Confirm Pledge".

Reward Calculation

Staking rewards are calculated based on the number of MAGA coins and/or LP tokens staked and the current staking interest rate. Interest rates are dynamic and may change based on various factors within the MAGA ecosystem.

Deposit

You can destake your MAGA coins or LP tokens at any time. The unbundling process usually takes a while to complete, depending on network conditions.

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