How to get ORAI coin? ORAI coin purchase and acquisition method complete graphic tutorial

To acquire ORAI coins, you can purchase them on exchanges like KuCoin, earn them through staking on platforms like ORAI Pool, participate in airdrops by completing specified tasks, or mine ORAI if mining becomes available in the future.

Oct 09, 2024 at 06:00 pm

How to Get ORAI Coin: A Comprehensive Guide

The ORAI coin is a native token of the ORAI decentralized exchange (DEX). It offers holders the opportunity to participate in governance and stake their tokens to earn rewards. Acquiring ORAI coins is a simple process that can be completed through several methods.

Method 1: Purchasing ORAI on Exchanges

1. Select a Reputable Exchange:
Choose a cryptocurrency exchange that supports ORAI trading, such as Huobi, KuCoin, or Gate.io.

2. Register an Account:
Create an account with the chosen exchange by providing your personal information and verifying your identity.

3. Deposit Funds:
Deposit funds into your account using a supported payment method, such as a credit card, bank transfer, or cryptocurrency.

4. Place an Order:
Navigate to the ORAI trading page and place a buy order. Specify the amount of ORAI you want to purchase and the price you are willing to pay.

Method 2: Earning ORAI Through Staking

1. Hold ORAI Tokens:
To earn ORAI through staking, you must hold a certain amount of ORAI tokens in your wallet.

2. Select a Staking Platform:
Choose a staking platform that supports ORAI, such as ORAI Pool or StakeFi.

3. Delegate Your Tokens:
Transfer your ORAI tokens to the chosen platform and delegate them to a validator node. This allows the platform to stake your tokens on your behalf.

4. Earn Rewards:
In return for delegating your tokens, you will earn rewards in the form of additional ORAI tokens. The rewards are typically distributed over a set period.

Method 3: Participating in Airdrops

1. Monitor Airdrop Announcements:
Follow ORAI social media channels or airdrop listing websites to find announcements regarding potential airdrops.

2. Complete Requirements:
Airdrops usually have specific requirements that need to be met, such as joining a Telegram group, following on Twitter, or retweeting a post.

3. Claim Your Tokens:
If you meet the requirements, follow the instructions provided in the airdrop announcement to claim your free ORAI tokens.

Method 4: Mining ORAI (Not Currently Available)

1. Set Up a Mining Rig:
Currently, there is no official mining method for ORAI coins. However, in the future, there may be an option to mine ORAI using specialized hardware.

2. Download the Mining Software:
If mining becomes available in the future, it will be necessary to download the appropriate mining software.

3. Join a Mining Pool:
Joining a mining pool increases your chances of earning rewards. Choose a reputable pool and follow their instructions for joining.

4. Start Mining:
Once your rig is set up and connected to a pool, you can start mining ORAI coins. The number of coins earned will depend on the hash rate of your equipment.