Introduction
Staking Acala Token can be a great option for those who want to hold ACA but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-step
- 1
Obtain Acala Token (ACA) tokens
In order to stake Acala Token, you need to have it. To obtain Acala Token, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Acala Token wallet
Once you have ACA, you’ll need to choose a Acala Token wallet to store your tokens. Here are some good options.
- 3
Delegate your ACA
We recommend using a staking pool when staking ACA. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their ACA, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
- 4
Start validating
You’ll need to wait for your deposit to be confirmed by your wallet. Once it’s confirmed, you’ll automatically validate transactions on the Acala Token network. You’ll be rewarded with ACA for these validations.
What to be aware of
There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.
Latest movements
Acala Token (ACA) is currently priced at $0.118, with a 24-hour trading volume of $8.46M. In the last 24 hours, Acala Token has seen an increase to 1.11. The market cap of Acala Token stands at $101.63M, with 962.50M in circulation. For those looking to buy or trade Acala Token, reputable platforms like Binance and Crypto.com offer avenues to do so securely and efficiently.
- Market cap
- $101.63M
- Volume
- $8.46M
- Circulating supply
- $962.50M