In this article:
You will learn how to successfully stake your presale tokens with Best Wallet and start earning high APYs before the token launch!
Staking made simple
Staking your presale tokens is an excellent way to earn rewards while waiting for the token to launch. By locking your tokens into the presale project's staking pool, you’ll earn regular returns and contribute to the project’s ecosystem.
This guide will walk you through the steps to stake your tokens and help you understand important details like gas fees and un-staking periods.
How to stake your presale tokens after purchase
Step 1: Connecting your wallet
Head to the presale project's website. You can't currently stake any Upcoming Token purchase in the Best Wallet app — you have to connect your wallet to their purchase widget.
Next, tap Connect Wallet and select Best Wallet from the list of wallets.
Follow the prompts to connect your wallet to Best Wallet. If you're connecting via a desktop browser, read our guide on how to connect your Best Wallet to desktop websites!
Alternatively, if you're connecting via a mobile browser, read our guide on how to connect your Best Wallet to mobile websites!
You will have to approve the connection in your Best Wallet.
Ensure you are connecting the right wallet that contains the presale tokens!
Step 2: Checking the staking details
After connecting your wallet, you will see some key information, such as:
The project's staking APY (Annual Percentage Yield). This refers to the effective rate of return on investment for one year. It is important to note that it is a per-year calculation, meaning if you stake your presale tokens for a month, you will get 1/12 of the APY. Often presale projects will offer very high APYs (anywhere from 20% to 4000%), meaning you can earn high levels of passive income!
The project's staking duration. This is not fixed and can change as the presale develops. Mainly, there is either a set vested period (a time frame that your presale tokens will be locked and not withdrawable from the staking pool, and then released at the end), or a minimum vested period (a minimum time you have to keep your tokens staked, but you can leave them staked longer after).
The token's unstaking time. This is how long it takes for your presale tokens to become unstaked — often, in presales, this is quicker than if you were staking a launched token like ETH. It's important to take note of this, as it means how quickly you can get your tokens after unstaking them. So if the token launches and you've staked it with a 7-day unstaking period, it will take 7 days for you to be able to claim your presale tokens.
Step 3: Setting up your staking
Once you've checked the staking details and are happy with everything, you can stake your presale tokens!
First, enter the number of tokens you want to stake in the staking widget.
Depending on the project and their staking details, you might see an estimate of your rewards based on the amount and duration of staking.
Once you’re satisfied, tap Stake Now to proceed.
Step 4: Confirming the transaction
Review your staking details, including the lock-up period and rewards. You will have to approve the transaction in the Best Wallet app.
One of the most important things to remember is you will have to pay a gas fee when staking presale tokens. So, if the presale token is on the Ethereum blockchain, you will need ETH to pay the gas fee.
Understanding Gas Fees
Gas fees are transaction costs paid in the blockchain’s native token (e.g., ETH on Ethereum or BNB on Binance Smart Chain). Ensure you have enough of the native token in your wallet to cover these fees.
If needed, you can buy or swap for gas fee tokens directly in Best Wallet. Read our detailed guide on gas fees.
Step 5: Confirming and tracking
Stay on the project's page until the transaction is completed. Once approved, your tokens will be successfully staked!
There are several ways you can see your staked tokens. The first is if it's a project featured in Best Wallet's Upcoming Tokens tab, you can go to that project's page and see your staked balance and dollar value.
If it isn't, you can connect your wallet back to the presale project's website and see your staked tokens.
What happens during the lock-up period?
During the staking lock-up period, your tokens are secured in the staking pool and cannot be withdrawn. Once the period ends, you can either:
Unstake your tokens to access them and any earned rewards.
Continue staking for additional rewards, depending on the pool terms.
Either way, you're in full control.
Why stake your presale tokens with Best Wallet?
Best Wallet makes it easy to interact with presale projects and track staked tokens.
In your Upcoming Tokens tab, you can track the amount and dollar value of any featured presale token you've staked.
Best Wallet's featured presale projects also often offer industry-high APYs, meaning you can earn substantial rewards before the token launch.
Also, with Best Wallet's user-friendly design, connecting your wallet and staking your tokens is easy and quick!
You can also buy and stake the featured presale tokens in Upcoming Tokens knowing they've been vetted and have partnered with Best Wallet.
Why staking presale tokens might fail:
There are a few common reasons why staking presale tokens might not work:
Insufficient Gas Fees: Ensure you have enough native tokens for transaction fees.
Wallet Connection Errors: Double-check that your wallet is properly connected and funded with presale tokens.
Pool Limits: Some pools have staking minimums or maximums—review these before proceeding.
If you've tried to stake a presale token and it keeps failing, please first check you have enough to cover the gas fee and double-check you're using the right wallet in Best Wallet. If you've checked and it's still failing, please email [email protected] and the support team will help you troubleshoot and resolve your issue.