Introduction
Staking Planq can be a great option for those who want to hold PLQ 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 Planq (PLQ) tokens
In order to stake Planq, you need to have it. To obtain Planq, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Planq wallet
Once you have PLQ, you’ll need to choose a Planq wallet to store your tokens. Here are some good options.
- 3
Delegate your PLQ
We recommend using a staking pool when staking PLQ. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their PLQ, 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 Planq network. You’ll be rewarded with PLQ 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
Planq (PLQ) is currently priced at $0.0182, with a 24-hour trading volume of $56.97K. In the last 24 hours, Planq has experienced a decrease to -0.46. The market cap of Planq stands at $1.91M, with 104.18M in circulation. For those looking to buy or trade Planq, reputable platforms like BingX offer avenues to do so securely and efficiently.
- Market cap
- $1.91M
- Volume
- $56.97K
- Circulating supply
- $104.18M
PLQ
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