Introduction
Staking PolySwarm can be a great option for those who want to hold NCT 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 PolySwarm (NCT) tokens
In order to stake PolySwarm, you need to have it. To obtain PolySwarm, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a PolySwarm wallet
Once you have NCT, you’ll need to choose a PolySwarm wallet to store your tokens. Here are some good options.
- 3
Delegate your NCT
We recommend using a staking pool when staking NCT. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their NCT, 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 PolySwarm network. You’ll be rewarded with NCT 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
PolySwarm (NCT) is currently priced at $0.0227, with a 24-hour trading volume of $1.66M. In the last 24 hours, PolySwarm has seen an increase to 0.4. The market cap of PolySwarm stands at $34.88M, with 1.55B in circulation. For those looking to buy or trade PolySwarm, reputable platforms like Coinbase offer avenues to do so securely and efficiently.
- Market cap
- $34.88M
- Volume
- $1.66M
- Circulating supply
- $1.55B
