Introduction
Staking IOStoken can be a great option for those who want to hold IOST 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 IOStoken (IOST) tokens
In order to stake IOStoken, you need to have it. To obtain IOStoken, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a IOStoken wallet
Once you have IOST, you’ll need to choose a IOStoken wallet to store your tokens. Here are some good options.
- 3
Delegate your IOST
We recommend using a staking pool when staking IOST. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their IOST, 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 IOStoken network. You’ll be rewarded with IOST 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
IOStoken (IOST) is currently priced at $0.0089, with a 24-hour trading volume of $9.90M. In the last 24 hours, IOStoken has experienced a decrease to -6.15. The market cap of IOStoken stands at $200.97M, with 21.32B in circulation. For those looking to buy or trade IOStoken, reputable platforms like Binance and EarnPark offer avenues to do so securely and efficiently.
- Market cap
- $200.97M
- Volume
- $9.90M
- Circulating supply
- $21.32B
