Staking your PHL on the PHILApp can be a rewarding way to earn passive income, as it offers a generous 15% Annual Percentage Yield (APY). By staking, you keep 7.5% of the rewards while contributing 7.5% back to the ecosystem. This guide will walk you through the simple steps to stake your Philcoin and start earning rewards.
Step 1: Download the PHILApp To get started, head over to the app store or Google Play Store and download the PHILApp. Ensure that you are downloading the official app to safeguard your transactions and security.
Step 2: Open the App and Access Staked Balance Launch the PHILApp and navigate to the wallet icon located at the bottom left corner of the screen. Tap on it, and you will find an orange bar labeled “Staked Balance.” Click on this option to proceed.
Step 3: Enter the Amount to Stake Now, you can enter the amount of Philcoin (PHL) that you wish to stake. Input your desired amount and tap the “Stake Now” button to continue.
Step 4: Accept Terms and Conditions At this stage, you will be presented with the Terms and Conditions for staking your PHL. Carefully review the terms and, once you are satisfied, click on the “Confirm” button to proceed.
Step 5: Enter Your PIN Code To finalize your staking transaction and submit it to the blockchain, you will be prompted to enter your PIN code for verification. Enter your PIN code accurately and securely to complete the process.
Congratulations! You have Officially Staked Your Philcoin By following these simple steps, you have successfully staked your Philcoin on the PHILApp. Your staked PHL will now start generating rewards at a 15% APY.
Remember to keep track of your staked balance and monitor your rewards as they accumulate. Staking can be an excellent way to earn passive income and actively participate in the PHILApp community.