Introduction
Staking Ontology can be a great option for those who want to hold ONT 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 Ontology (ONT) tokens
In order to stake Ontology, you need to have it. To obtain Ontology, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Ontology wallet
Once you have ONT, you’ll need to choose a Ontology wallet to store your tokens. Here are some good options.
- 3
Delegate your ONT
We recommend using a staking pool when staking ONT. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their ONT, 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 Ontology network. You’ll be rewarded with ONT 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
Ontology (ONT) is currently priced at $0.3587, with a 24-hour trading volume of $19.20M. In the last 24 hours, Ontology has experienced a decrease to -3.21. The market cap of Ontology stands at $327.31M, with 900.20M in circulation. For those looking to buy or trade Ontology, reputable platforms like Binance and Crypto.com offer avenues to do so securely and efficiently.
- Market cap
- $327.31M
- Volume
- $19.20M
- Circulating supply
- $900.20M
