Earn Solana Coin From Staking on the Phantom Wallet.
How to Earn Solana Coin | From Staking on the Phantom Wallet.
Hello, readers hope you will b fine. A new article on the topic of Solana earning through staking. Solana is a decentralized blockchain built to enable scalable, user-friendly apps for the world. Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.
The users can participate in the delegation of their SOL token to earn staking rewards while contributing to the security of Solana Network.
Here is the guide on how to stake SOL via Phantom wallet: The app store for your browser will open. Click 'Add to Chrome'. After installation, the wallet start page will open. Click 'Create a new wallet'.Please create a strong password for your wallet. Accept the terms of service, and click 'Continue'.
Click on the area with the backup phrase to display it, and then write it down on paper. You need to store the mnemonic phrase in a secure place because without it you will not be able to restore the wallet. Do not share your seed phrase with anyone. Tick the box next to 'I saved my Secret Recovery Phrase' and click 'Continue'. Click 'Finish'. Then your wallet is ready to use.
Enter the password, and click 'Unlock' to open your wallet. Click 'Deposit'.Choose 'Solana'.To delegate SOL, click 'Solana Click 'Start earning SOL'.
Enter the SOL amount you want to stake, and Click 'Stake'. Wait while the transaction is validated by the Solana network go back to the wallet home page and click 'Solana'.Click 'Your stake' to check the status of your delegation Your stake is in 'Activating' status, and you will start receiving rewards as soon as the current epoch ends. One epoch lasts 2~3 days. Click one of the stakes, and you can track the staking reward details. If you do not want to stake, just click 'Unstack.
If you have any questions during the staking process, please feel free to comment.
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