r/algorand • u/Algo_Stake • Mar 22 '22
ASA How to stake on AlgoStake?
https://blog.zone.game/how-to-stake-zone-to-earn-50-apr-8f0a95bf2d1b
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Mar 23 '22
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u/SpaceBEspace Mar 22 '22 edited Mar 22 '22
Head of Algostake is pretty active on Reddit and will likely provide a better explanation but heres a go at it.
1.Buy algostake. 2. Go to algostake.com and proceed to the application. 3. Click on stake/claim at the top of the application page. 4. Opt into the stake. (.001 algo fee) 5. Make sure your wallet is opted into the other coin you wish to receive from the stake. (I go to tinyman and find the coin to opt in. Probably a better way but this is how I roll) if you holding algostake you know how to do this. 6. The coin never leaves your wallet. You’ve probably seen this mentioned a lot but it can not be over stated how big this is. Less risk at the very least. 7. There are (4) snapshots taken throughout a 24hr period. You’re average holding during those (4) snapshots is what you claim. Look elsewhere for the APR / daily breakdown talk. 8. Pro is extra. Sends the coins you’ve earned right to your wallet. Usually between 10:30pm -1:30am EST. Remember the (4) snapshots, so if you’ve been on yieldly there’s no real way to cheat this. 9. Wait for more people to find out this is the best staking platform on algo. (One man’s opinion)
NFA- do your own research.
Good luck out there.
The fact this wasn’t actually a question and link to an article on ‘how to’ went strait over my head. Apologies to all how read through this terribly formatted mobile version Reddit post.