Introduction
Staking Shentu can be a great option for those who want to hold CTK 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 Shentu (CTK) tokens
In order to stake Shentu, you need to have it. To obtain Shentu, you'll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Shentu wallet
Once you have CTK, you’ll need to choose a Shentu wallet to store your tokens. Here are some good options.
- 3
Delegate your CTK
We recommend using a staking pool when staking CTK. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their CTK, 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 Shentu network. You’ll be rewarded with CTK 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
Shentu (CTK) is currently priced at $0.6291, with a 24-hour trading volume of $2.71M. In the last 24 hours, Shentu has experienced a decrease to -0.51. The market cap of Shentu stands at $83.60M, with 132.28M in circulation. For those looking to buy or trade Shentu, reputable platforms like Binance and BTSE offer avenues to do so securely and efficiently.
- Market cap
- $83.60M
- Volume
- $2.71M
- Circulating supply
- $132.28M
