Introduction
Staking Nano can be a great option for those who want to hold XNO 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 Nano (XNO) tokens
In order to stake Nano, you need to have it. To obtain Nano, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Nano wallet
Once you have XNO, you’ll need to choose a Nano wallet to store your tokens. Here are some good options.
- 3
Delegate your XNO
We recommend using a staking pool when staking XNO. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their XNO, 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 Nano network. You’ll be rewarded with XNO 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
Nano (XNO) is currently priced at $1.28, with a 24-hour trading volume of $3.33M. In the last 24 hours, Nano has experienced a decrease to -0.23. The market cap of Nano stands at $170.46M, with 133.25M in circulation. For those looking to buy or trade Nano, reputable platforms like Binance and Crypto.com offer avenues to do so securely and efficiently.
- Market cap
- $170.46M
- Volume
- $3.33M
- Circulating supply
- $133.25M
