Introduction
Staking Myro can be a great option for those who want to hold $MYRO but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-step
- 1
Obtain Myro ($MYRO) tokens
In order to stake Myro, you need to have it. To obtain Myro, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Myro wallet
Once you have $MYRO, you’ll need to choose a Myro wallet to store your tokens. Here are some good options.
- 3
Delegate your $MYRO
We recommend using a staking pool when staking $MYRO. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their $MYRO, 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 Myro network. You’ll be rewarded with $MYRO for these validations.
What to be aware of
There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.
Latest movements
Myro ($MYRO) is currently priced at $0.1727, with a 24-hour trading volume of $23.32M. In the last 24 hours, Myro has experienced a decrease to -4.61. The market cap of Myro stands at $181.52M, with 999.98M in circulation. For those looking to buy or trade Myro, reputable platforms like BTSE and Crypto.com offer avenues to do so securely and efficiently.
- Market cap
- $181.52M
- Volume
- $23.32M
- Circulating supply
- $999.98M
