<h2><strong>Prerequisites</strong></h2><h3><strong>Where to buy ISLM</strong></h3><p>You can get ISLM tokens at a cryptocurrency exchange, at a DEX, or within select wallets. You should always do your own research when selecting a reputable cryptocurrency exchange. For best security, it is not recommended to leave your tokens on an exchange, but transfer them to your non-custodial or cold/hardware wallet after procuring them.</p><ul><li><a href=" https://app.osmosis.zone/?from=ATOM&amp;to=ISLM">Osmosis DEX</a></li><li><a href="https://islamiccoin.net/markets">Centralised Exchanges</a></li></ul><p>&nbsp;</p><h3><strong>HAQQ Network (ISLM) wallets</strong></h3><p>HAQQ Network has their own non-custodial wallet.&nbsp;</p><ul><li><a href="https://haqq.network/wallet">HAQQ Wallet</a></li><li><a href="https://metamask.io/">Metamask</a></li><li><a href="https://www.keplr.app/">Keplr</a></li><li><a href="https://leapwallet.io/">Leap Wallet</a></li></ul><h3><strong>Selecting HAQQ Network validators</strong></h3><p>Please refer to the FAQ section titled ‘How do I choose HAQQ Network validators’ on&nbsp;<a href="https://www.stakingrewards.com/earn/islamic-coin/"><strong>this page</strong></a> when selecting HAQQ Network validators. Also, you may want to utilize our criteria for verifying providers through the&nbsp;<a href="https://docs.stakingrewards.com/verified-provider-program/">Staking Rewards Verified Provider Program (VPP)</a>.</p><p>&nbsp;</p><h3><strong>How Staking Rewards for HAQQ Network (ISLM) are Generated</strong></h3><p>Learn how rewards are generated in the FAQ section titled ‘How are the rewards generated’’&nbsp;<a href="https://www.stakingrewards.com/earn/islamic-coin/">here</a>.</p><p>&nbsp;</p><h2><strong>How to stake HAQQ Network (ISLM)</strong></h2><p>&nbsp;</p><h3><strong>Step 1: Make sure you have a HAQQ wallet</strong></h3><p>We will use the&nbsp;<a href="https://haqq.network/wallet">HAQQ wallet</a> in this staking tutorial.</p><p>As the main wallet on the HAQQ Network, HAQQ wallet offers users the ability to stake tokens, access blockchain apps, and manage multiple tokens in one wallet. Simply connect your Ledger (if applicable) to HAQQ wallet or use HAQQ wallet directly to stake ISLM.</p><p>&nbsp;</p><h3><strong>Step 2: Go to the “Main” tab</strong></h3><p><img src="https://lh7-us.googleusercontent.com/EuG6ihZnOXmBgYtgYk4j8KyQpNMAFUKtd83lkqabDaEsg19uyxiP6_etUFcZs_4agDhroisNiqF7107Lv706l6i_0r3LzIC2lZGZB0PRDMi054vQ5u4K8yXW0e8YJvwL68JvFDCuBqPDyctNkko68L8" width="449" height="975"></p><p>Click on the “<strong>Main</strong>” tab located at the bottom of the HAQQ Wallet’s screen. Scroll down and click on the “<strong>Staking</strong>” option.</p><h3><strong>Step 3: Select a validator</strong></h3><p>Click on the “<strong>Validators</strong>” button at the bottom of the screen and a list of available validators will appear.&nbsp;If you are unsure of how to choose a validator, please see the FAQ section named ‘Selecting HAQQ Network validators’ above this one to help you decide.&nbsp;</p><p><strong><img src="https://lh7-us.googleusercontent.com/NNhnmlfj6dHuPQ0wkl5Mv6BWsLxPiXnby2oJYVnwCwDG6MeVytRon2O4UndcZcI6CbB4o19bgsNvV_3LTSThkqtGNmWfNnikCOyUS8nj2GcdYxtdrM3yWJjq_Ey28wckyA3-yeyCLMgcGNdlf4XjwRo" width="208" height="453"><img src="https://lh7-us.googleusercontent.com/dqDZX9smcJgRBv6xACwF6713toHQm0dFfmjewsRFIMc9P2cFjrQWqUAFVqtn4K6KkZIyL5RYW90hiFghU5k1nLFOgnKq-ku_3i8zOueGn-P53RRR6yCtv_DkGwP7u8Q6-XFsRoEXWFASIDj7aGJSyMo" width="207" height="449"></strong></p><h3><strong>Step 4: Finalize the transaction</strong></h3><p>Enter the amount of ISLM you want to stake, press “<strong>Preview</strong>” and then click “<strong>Delegate</strong>” and approve the transaction in your wallet.&nbsp;</p><p><img src="https://lh7-us.googleusercontent.com/sNMlJFGqr9VOo4C_2bWYCbwIB8_wtFS5FiHaW-JKsxAeAVwcYuAlXRtey5NSczAfnV-6O5bZwrG32pjoYIigebf1-4qE77CMq5-bZe6M4IVBnpaVo4HxeGMXpihTj6Fp8DNmHeYG7gC3nOtGw74ol8c" width="293" height="637"><img src="https://lh7-us.googleusercontent.com/CDyuU8ThDIFeAsIP1iOZTZtHIMBDF2LG8Ul72IxsEjuuqWhkkALN-HdTBQTyIGm9Y6kdlVu1C6N9-4SIDgFOnNXAtxMkU8mITzGM4UwqBD1Ioi_ECTcFDRszVF093zBEuAEKsa8w8CR9jjQWOdKJCok" width="312" height="679"></p><p>Congratulations! You have now staked your ISLM tokens and will start earning those juicy staking rewards.&nbsp;</p><h3><strong>Step 5: Track staking portfolio</strong></h3><ul><li>Track your ISLM staking rewards on the&nbsp;<a href="https://shell.haqq.network/staking">HAQQ Network staking dashboard</a> or on the “<strong>Main”</strong> page of the mobile app.</li><li>Monitor&nbsp;<a href="https://shell.haqq.network/governance">governance proposals on HAQQ Network network</a> that may impact the staking mechanism.</li><li>Track the current and historical reward rates, validator count, number of unique HAQQ Network staking wallets, and staking ratio of the HAQQ Network network by visiting the&nbsp;<a href="https://www.stakingrewards.com/earn/islamic-coin/">HAQQ Network asset page</a>. To make better staking decisions, it's essential to understand these relevant data points. To learn how these data points could impact your staking rewards, please read more in the FAQ sections named “How do I choose HAQQ Network validators” and “How are the rewards generated” on the&nbsp;<a href="https://www.stakingrewards.com/earn/islamic-coin/">HAQQ Network asset page</a>.</li></ul><p>&nbsp;</p><p>&nbsp;</p><h2><strong>Maximizing Staked HAQQ Network (ISLM)</strong></h2><p>Now that you have staked your ISLM, you have four options which can be used to change your position. These options appear on the&nbsp;HAQQ Network Staking Portal. The options are:</p><ul><li>Stake more</li><li>Redelegate</li><li>Compound your rewards</li><li>Claim reward</li><li>Unbond</li></ul><p>&nbsp;</p><p><strong>Stake more&nbsp;</strong></p><p>You can add to your current delegation by clicking on the validators name and staking more ISLM with them or any other validator.</p><p><strong>Redelegate&nbsp;</strong></p><p>Firstly, delegating from one validator to another can be done without waiting for the unbonding period. You might consider redelegating if your current validator raises their commission rate or gets jailed for misbehaviour on-chain. Once redelegated, you have to wait for 21 days before you are able to redelegate again.&nbsp;</p><p><strong>Compound your rewards</strong></p><p>Rewards are not auto-compounded. To get the most out of your tokens, you should consider claiming and staking your rewards more frequently, but consider that each transaction will cost you some gas. By using our&nbsp;<a href="https://www.stakingrewards.com/calculator/?asset=islamic-coin">HAQQ Network staking calculator</a>, you can calculate the optimal re-stake frequency for your amount of ISLM. Some tools, such as <a href="https://restake.app/haqq">restake.app</a>, will enable you to pick a validator who will auto-compound your rewards for you, so keep this in mind. &nbsp;</p><p><strong>Claim reward</strong></p><p>The amount of accrued rewards will be available and shown in your dashboard. To receive your staking reward when it is credited, simply click Claim Reward on the wallet home screen.</p><p><strong>Unbond</strong></p><p>You can unstake your delegated ISLM immediately, but tokens will be available in your wallet only after the end of the period of unbonding, which lasts 21 days. If you want just to change the validator, then there is no need to unstake, since you will not receive rewards throughout the entire unbonding period — just use the Redelegate function. In this case, the unbonding period does not apply.</p><p>&nbsp;</p><h2><strong>Conclusion</strong></h2><p>Staking is essential to Proof-of-Stake blockchains and comes with many benefits for investors and the network:</p><ul><li>Investors earn yield from token emissions and/or transaction fees.</li><li>Stakers become eligible for airdrops as many networks prioritize granting these benefits to them.</li><li>Staking helps to secure the network</li><li>Staking from multiple participants helps decentralize the network</li><li>Stakers can participate in governance, as many PoS networks allocate governance rights based on the amount of tokens staked.</li></ul><p>Congratulations! You are now not only getting the most out of your investment with compounded returns. YOU are also (in-)directly contributing to the decentralization, and the network security of HAQQ Network and thus contributing to the long-term success of your investment! HAQQ Network needs active stakers like you to become successful long-term.&nbsp;</p><p>Now share the tutorial with your friends so they can get to start staking as well!</p><p>Lastly, don’t forget to check out the&nbsp;<a href="https://www.stakingrewards.com/earn/islamic-coin/">HAQQ Network (ISLM) asset page</a> for more insights into staking ISLM and drop us a&nbsp;<a href="mailto:content@stakingrewards.com">message</a> if you found this tutorial useful. Happy staking!</p><p>&nbsp;</p>

How to Stake Islamic Coin (ISLM)

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