There are two main ways to stake your XOR tokens on the SORA network: becoming a validator and nominating existing validators. Both methods contribute to the network's security and earn you rewards, but they have different requirements and risks. Here's a step-by-step guide for each method:
1. Becoming a Validator
Requires high technical expertise and significant XOR investment
> Requirements
1. Run a full SORA node with high uptime and performance.
2. Stake a large amount of XOR (currently around 10,000 XOR).
3. Have strong technical knowledge and experience in blockchain infrastructure.
> Steps
1. Download and run a SORA node software on a dedicated server.
2. Configure your node for staking and register as a validator candidate.
3. Stake your XOR to secure your candidacy.
4. Attract nominators to delegate their XOR to you.
5. Validate transactions and blocks according to the SORA consensus mechanism.
6. Earn rewards in VAL tokens based on your performance and the amount of XOR staked.
2. Nominating Existing Validators
Lower barrier to entry, less risk
> Requirements
XOR tokens and a compatible wallet (e.g., Fearless Wallet, Polkadot.js).
> Steps
1. Choose a reputable wallet and transfer your XOR tokens to it.
2. Open the Staking section in your wallet and select SORA Mainnet.
3. Research and select reliable validators based on their performance, uptime, and community reputation.
4. Choose the amount of XOR you want to stake and choose your preferred reward output (automatic restaking or manual claim).
5. Review and confirm the transaction to delegate your XOR to the chosen validators.
6. Earn rewards in VAL tokens based on your stake and the performance of the nominated validators.