Introduction
Staking Band Protocol can be a great option for those who want to hold BAND 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 Band Protocol (BAND) tokens
In order to stake Band Protocol, you need to have it. To obtain Band Protocol, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Band Protocol wallet
Once you have BAND, you’ll need to choose a Band Protocol wallet to store your tokens. Here are some good options.
- 3
Delegate your BAND
We recommend using a staking pool when staking BAND. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their BAND, 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 Band Protocol network. You’ll be rewarded with BAND 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
Band Protocol (BAND) is currently priced at $1.52, with a 24-hour trading volume of $6.68M. In the last 24 hours, Band Protocol has experienced a decrease to -0.33. The market cap of Band Protocol stands at $219.02M, with 141.44M in circulation. For those looking to buy or trade Band Protocol, reputable platforms like Binance, Coinbase and BTSE offer avenues to do so securely and efficiently.
- Market cap
- $219.02M
- Volume
- $6.68M
- Circulating supply
- $141.44M
