How to Stake AVAX [Aiming for Airdrop in Avalanche]

There is a rumor going around that you can target airdrops by staking Avalaunche (AVAX tokens). In this article, we will explain how to do Staking for Airdrop.

"I don't know how to do Avax staking."

I can't do it even if I look at the official page.

twitter.com/avax/status/1734233958941184033

• I want to operate Avax tokens.

• I want to target Airdrop in Movement

• I am interested in the Airdrop rumors on Avax staking.

In this article, we will explain how to staking AVAX and the “airdrop strategy”.

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🔺What is Avalaunche?

・Avalanche is a decentralized, high-speed processing platform.

・Native token (cryptocurrency): $AVAX token

・Funding amount: $285.7 million

・VC: a16z, Polychain, Dragonfly, HaskKey, Galxy, Balaji, etc.

twitter.com/AvalaunchApp/status/1434969041563643905

Avalaunche has “three blockchains” called primary networks.

The aim seems to be to operate efficiently by separating them by use. (Details)

• C Chain: for EVM (this is a chain that can be handled by Metamask, etc.)

• P Chain: for data (metadata and validators, subnets, staking management, etc.)

• X Chain: for trade (asset operations, AVM instances, etc.)

https://docs.avax.network/learn/avalanche/avalanche-platform

This time I will use only the C and P chains

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🔺Airdrop rumored for Avax staking

Airdrops are expected in Avax staking.

Recently, Saga's Airdrop is also beginning to attract attention with Avax's staking.

Recently, the rumor that “Movement,” in which Binance also invests, is available through AVAX staking has also been quite controversial.

https://www.binance.com/ja/blog/ecosystem/binance-labs-invests-in-movement-labs-to-bring-smart-contract-security-and-parallelization-to-ethereum-116269849788036189

Since Movement's M1 runs as an Avalanche subnet, its relationship to Avalaunche is noteworthy -> “Could it be Airdropped to Avax's core contributors?” This seems to be the logic.

This is only a rumor, but the recent trend seems to indicate that other airdrops could be targeted even without Movement!

In fact, staking demand at AVAX has doubled.

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🔺How to Stake Avax

Now for the main topic,

I will go on to explain the Avax staking method with images.

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✅Prepare Avax [cryptocurrency exchange where you can buy AVAX]/1

• First, deposit "25 or more AVAX" into the wallet

■ Exchanges

Available at Bitbank, Bitget, Bybit, Coincheck, etc.

https://www.coingecko.com/en/coins/avalanche

■Bridge Service

You can easily bridge if you are using Jumper, etc.

https://jumper.exchange/

*Other bridge services

(25 is the AVAX minimum number of sheets to work with.)

✅Create a Core Wallet in Avalaunche

• Connect Wallet

https://core.app/

• Delegate

• Get Started

• Download

• Create an account

  (You can choose any one you like, such as Google)

• Choose how to recover lost accounts

  (Authenticator seems to be what everyone is used to)

• Set name/password for wallet account

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✅Deposit AVAX to the C chain /2

• Get Started

https://core.app/stake/delegate/

• Select Core

• Open Wallet

• Check and Receieve Avax C-Chain

• Transfer the AVAX you just prepared to that address.

(*It is safer to test money transfer with a small amount, such as 0.005 pieces, to make sure that the transfer will be properly delayed.)

• Confirm that the money is reflected on the CoreWallet screen.

✅Transfer AVAX to the P-chain/3

• Delegate

https://core.app/en/stake/

• Get Started

• Transfer AVAX

• Enter the number of AVAX you wish to transfer from "C-Chain" to "P-Chain".

  (It is better to leave at least 25 and 0.1 for gas fee in C-chain)

• Export

• Import

✅ Staking/4

• Confirmation that AVAX is reflected in P-Chain

https://core.app/en/stake/delegate/

• Stake

• Select the Delegate destination.

  (The number of Delegators will tell you how many people are Delegating to where)

• After making your selection, click Next

• Decide how long you want to delegate.

  If you want to wait for airdrop patiently, you should use long term. If you want to change your strategy while monitoring the airdrop situation, you should use short term (in case of short term, you will have to delegate each time after the period ends).

• Next→Next

• Submit Delegation

• When you get this, you're done.

Check to see if this is also reflected in "Actively Staked AVAX"

https://core.app/en/stake/

🔺How many Avax should I stake?

AVAX staking is a minimum of 25, so it would be good to have at least 30 staking.