Introduction
Staking Akash Network can be a great option for those who want to hold AKT 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 Akash Network (AKT) tokens
In order to stake Akash Network, you need to have it. To obtain Akash Network, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Akash Network wallet
Once you have AKT, you’ll need to choose a Akash Network wallet to store your tokens. Here are some good options.
- 3
Delegate your AKT
We recommend using a staking pool when staking AKT. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their AKT, 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 Akash Network network. You’ll be rewarded with AKT 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
Akash Network (AKT) is currently priced at $3.28, with a 24-hour trading volume of $22.12M. In the last 24 hours, Akash Network has seen an increase to 0.61. The market cap of Akash Network stands at $757.15M, with 238.77M in circulation. For those looking to buy or trade Akash Network, reputable platforms like Kraken, Coinbase, Kucoin, Bake and Crypto.com offer avenues to do so securely and efficiently.
- Market cap
- $757.15M
- Volume
- $22.12M
- Circulating supply
- $238.77M
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