The Reason You Need To Buy And Stake $MNTL Now
What is $MNTL Token?
$MNTL is the native token of the AssetMantle project. AssetMantle is a zone on the Cosmos ecosystem enjoying the privileges of the BFT consensus, DPOS security mechanism and inter-blockchain communication.
$MNTL is the currency on which the Mantleplace economy rests. Dealings that include nft minting, trading, fee-paying and royalties will be facilitated by $MNTL as the Mantleplace currency. Unlike certain crypto tokens without a quality product, $MNTL is backed by a product-oriented project which makes it fit for long-term investment. Read more about $ the MNTL product.
Taking Early Advantage of $MNTL Staking
Staking in the cosmos ecosystem means delegating some coins to node runners to secure sovereign chains while receiving rewards on the delegated coins. $MNTL is a coin for a zone in the cosmos ecosystem, and this staking applies to it too. While staking brings rewards to both the delegators and the validators, early delegators tend to earn more than others.
Most coins launch with high staking APY but the APY continues to reduce as more people join in staking the coin. Each project sets a ceiling and a floor for inflation. This means the ceiling is the highest number that inflation can go and the floor is the lowest number it can reach.
Staking APY/APR and inflation affect how a delegator (someone who is staking his coin) earns on his delegated asset. High inflation and high staking APY/APR lead to high staking rewards.
In the same vein, low inflation and low staking APY/APR lead to low staking rewards. However, many projects prefer to have low inflation and low APY/APR to bring a reduction in the way the coin increases its supply. This is because the reduction of supply is effective at pushing prices up.
$MNTL at the time of writing this article, has an inflation rate of 77%, APY of 120% and APR of 123%. The figures were more than these at the launch but have been reducing steadily. This is because some investors have taken this initiative already and have been multiplying their $MNTL bags.
The earlier the better, the earliest the best. Imagine staking a few hundred dollars worth of $MNTL with Stakewolle validator that charges just a 2% commission. Before many people rush in and depress the inflation rate and APY/APR, someone who starts staking now will have made multiples of what they staked. And that’s the point!
How To Stake $MNTL
Go to mantle explorer https://explorer.assetmantle.one/
Click on wallet.
Click on create wallet
Click on next
Make sure you have a Keplr extension on your pc. Then click on import wallet
Click on use Keplr
Click on approve
Click on continue
It will bring you here. Click on All validators. We might not be the validator at the top. If you could drive down and delegate to Stakewolle, that means you have strengthened us more. We really appreciate it.
Click on actions. Also, take note that you are on the active validators page.
For first-time staking, click on Delegate. To change your validator, click on Redelegate. To pull out of staking, click on Unbound. Note that you Do Not need to unbound before you redelegate. Use Claim Rewards to withdraw earnings to your wallet.
Fill in the amount and submit.
Approve the transaction and wait for the transaction successful pop-up.
And congrats if you get here after the long ride. A big thanks to you for staking with Stakewolle. Hop unto our telegram group for updates on airdrops and other cosmos news and educational content.
Check here for a video guide on how to stake and re-stake $MNTL
https://www.youtube.com/watch?v=CuPSKp1mbN4
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