Introduction
Staking BakeryToken can be a great option for those who want to hold BAKE 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 BakeryToken (BAKE) tokens
In order to stake BakeryToken, you need to have it. To obtain BakeryToken, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a BakeryToken wallet
Once you have BAKE, you’ll need to choose a BakeryToken wallet to store your tokens. Here are some good options.
- 3
Delegate your BAKE
We recommend using a staking pool when staking BAKE. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their BAKE, 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 BakeryToken network. You’ll be rewarded with BAKE 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
BakeryToken (BAKE) is currently priced at $0.2764, with a 24-hour trading volume of $12.61M. In the last 24 hours, BakeryToken has experienced a decrease to -0.36. The market cap of BakeryToken stands at $80.44M, with 289.77M in circulation. For those looking to buy or trade BakeryToken, reputable platforms like Binance and BTSE offer avenues to do so securely and efficiently.
- Market cap
- $80.44M
- Volume
- $12.61M
- Circulating supply
- $289.77M
