How to Stake Akash (AKT) and Earn Rewards Using Trust Wallet

Staking AKT, the native token of the Akash Network, gives you an opportunity to earn rewards, while contributing to the advancement of decentralized cloud computing. Akash Network offers a novel approach to cloud services by leveraging blockchain technology to deliver scalable, cost-effective solutions. Trust Wallet, a crypto wallet known for its secure and user-friendly interface, makes staking AKT both accessible and simple.

This guide will walk you through the process of how to stake AKT using Trust Wallet. From downloading Trust Wallet, to managing your staked tokens, you’ll find everything you need in this guide about AKT staking.

Before You Get Started

Remember that you can use Trust Wallet as your secure crypto wallet. Buy, sell, swap and stake crypto all in one place.

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What is AKT and How Does it Work?

The Akash Network (AKT) is a decentralized cloud computing platform designed to provide an efficient and cost-effective alternative to traditional cloud service providers. Using blockchain technology, the Akash Network enables users to rent out unused computing resources and deploy applications in a secure and scalable environment.

AKT (Akash Token) is the native utility token of the Akash Network. It plays an important role in the ecosystem by facilitating transactions, paying for computational resources, and incentivizing participants. Users of the network can stake AKT tokens to support the network’s operations and earn rewards in return.

Why Stake AKT?

Staking AKT involves locking up your tokens to support the Akash Network's operations and security. In return for staking, you earn rewards, which are typically distributed in the form of additional AKT tokens. Staking helps to secure the network by ensuring that validators are committed to honest and efficient operation. Validators use staked AKT to participate in consensus and validate transactions, which is essential for maintaining the network’s integrity.

When you stake AKT, you help ensure the network remains robust and efficient, while also earning rewards from the network’s operational activities. This process supports the growth and stability of the Akash Network.

Why Choose Trust Wallet for Staking AKT?

Trust Wallet offers a seamless and secure platform for staking AKT. Its user-friendly interface makes it easy to manage your staked tokens, track rewards, and participate in network governance. As a non-custodial wallet, Trust Wallet ensures that you retain full control over your private keys and assets, providing peace of mind and security.

Trust Wallet also supports a wide range of cryptocurrencies, enabling you to diversify your holdings from a single platform. With its robust security features and responsive support, Trust Wallet is an excellent choice for staking AKT and engaging with the Akash Network.

Key Details for Staking AKT Using Trust Wallet

Minimum Amount to Stake AKT

To start staking AKT using Trust Wallet, you need to stake a minimum amount of 1 AKT. This threshold is designed to make staking accessible while ensuring that network operations are supported by a sufficient number of tokens.

Lockup Period

When you stake AKT, your tokens are subject to a lockup period of 21 days. During this time, your staked AKT cannot be accessed or transferred. This lockup period maintains network stability and security, as it ensures that stakers are committed to supporting the network over the long term.

Unstaking Process

To unstake AKT, you need to initiate the unstaking process through Trust Wallet. Once you begin the process, there is a waiting period of 21 days before your tokens are available for withdrawal or transfer. During this waiting period, your staked AKT will not earn rewards, so it’s important to plan your unstaking activities accordingly.

How to Stake AKT Using Trust Wallet

Before you stake, be sure that you have the most up-to-date version of Trust Wallet.

Next, if you don’t have any AKT in your wallet, you can deposit crypto using the “Receive” button, or buy crypto directly using Trust Wallet.

Now you’re ready to stake and earn rewards. Staking can be done in just a few steps, and here’s how.

Note: Below, we’ll use staking AKT as the example, but the process is generally the same for each asset.

• Select the “Earn” button from the wallet home screen.

• Select the asset you want to stake, in this example it’s “AKT.”

• Select “Stake.”

• Choose the amount you want to stake, and choose the validator you want to use by selecting the Validator dropdown.

• Once you choose a validator, select “Continue.”

• Follow the remaining instructions to confirm your stake.

How to Unstake AKT in Trust Wallet

If you would like to unstake your AKT, simply follow the steps below:

• Navigate to ‘Earn’ on the main wallet page and select AKT.

• Choose the Unstake option and proceed as per the given instructions.

Note: You will not be able to withdraw your tokens while they are staked. If you want to withdraw your AKT, staked AKT takes 21 days to unstake. This is not something Trust Wallet controls.

In addition to staking crypto, Trust Wallet lets you manage and interact with 10M+ crypto assets across 100+ blockchains. Download the latest version of Trust Wallet today.

Closing Thoughts

AKT staking using Trust Wallet is a simple and effective method to earn rewards, while supporting the growth of the Akash Network. This guide enables you to navigate the staking process effortlessly, manage your rewards, and contribute to the advancement of a decentralized cloud computing platform. Trust Wallet’s secure and user-friendly interface makes staking simple and helps you maximize your returns.

Disclaimer: Content is for informational purposes and not investment advice. Web3 and crypto come with risk. Please do your own research with respect to interacting with any Web3 applications or crypto assets. View our terms of service.

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Note: Any cited numbers, figures, or illustrations are reported at the time of writing, and are subject to change.