Earn up to
10% p.a.
A comprehensive guide on how to stake CHEQD Network (CHEQ)
We have a wealth of data on staking CHEQD Network (CHEQ) and we're pleased to share some of this with you.
We present some staking options with other coins that may be of interest.
CHEQD Network (CHEQ) is currently priced at USD 10 with a 24-hour trading volume of USD 650,395. The market cap of CHEQD Network stands at USD 40.11M, with 846.16M CHEQ in circulation. For those looking to buy or trade CHEQD Network, MyCointainer offers avenues to do so securely and efficiently}
Staking CHEQD Network can be a great option for those who want to hold CHEQ while earning yield safely and contributing to the network. The steps may seem daunting, especially the first time you attempt them. That's why we've created this guide for you.
To stake CHEQD Network, you need to own it. To obtain CHEQD Network, you'll need to buy it. You can choose from these popular exchanges.
Once you have CHEQ, you'll need to choose a CHEQD Network wallet to store your tokens. Here are some great options.
| Platform | Coin | Staking returns |
|---|---|---|
| MyCointainer | CHEQD Network (CHEQ) | Up to 10% % p.a. |
| Stakewolle | CHEQD Network (CHEQ) | Up to 12.89% % p.a. |
We recommend using a staking pool when staking CHEQ. It's simpler and quicker to get started. A staking pool is a group of validators who combine their CHEQ, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
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 CHEQD Network network. You'll be rewarded with CHEQ for these validations.
There are transaction and staking pool fees to consider. Additionally, there may be a waiting period before you start earning rewards. The staking pool needs to generate blocks, which can take some time.
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