Introduction
Staking Harmony can be a great option for those who want to hold ONE 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 Harmony (ONE) tokens
In order to stake Harmony, you need to have it. To obtain Harmony, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Harmony wallet
Once you have ONE, you’ll need to choose a Harmony wallet to store your tokens. Here are some good options.
- 3
Delegate your ONE
We recommend using a staking pool when staking ONE. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their ONE, 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 Harmony network. You’ll be rewarded with ONE 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
Harmony (ONE) is currently priced at $0.0174, with a 24-hour trading volume of $9.64M. In the last 24 hours, Harmony has experienced a decrease to -9.42. The market cap of Harmony stands at $269.75M, with 13.92B in circulation. For those looking to buy or trade Harmony, reputable platforms like Binance and BTSE offer avenues to do so securely and efficiently.
- Market cap
- $269.75M
- Volume
- $9.64M
- Circulating supply
- $13.92B
