Recent Developments
- Market capitalization
- $94.56M
- missing en-cn translation: common.volume-24h
- $2.41M
- Circulating supply in the market
- 898.91M CXT
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Staking Covalent X Token can be an excellent choice for individuals looking to hold CXT while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-time users. That's why we have created this comprehensive guide to assist you.
To stake Covalent X Token, you first need to acquire it. To obtain Covalent X Token, you can purchase it from these well-known exchanges.
| Platform | Coin | Price |
|---|---|---|
| Kraken | Covalent X Token (CXT) | 0.01 APY |
| OKX | Covalent X Token (CXT) | 0.03 APY |
| Uphold | Covalent X Token (CXT) | 0.03 APY |
| BingX | Covalent X Token (CXT) | 0.01 APY |
| Bitmart | Covalent X Token (CXT) | 0.01 APY |
| Bitstamp | Covalent X Token (CXT) | 0.01 APY |
Once you have CXT, you'll need to select a Covalent X Token wallet to securely store your tokens. Here are some excellent options to consider.
We recommend utilizing a staking pool when staking CXT. It is more straightforward and quicker to get started. A staking pool consists of a collective of validators who pool their CXT, enhancing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.
You will need to wait for your deposit to be confirmed by your wallet. Once it is confirmed, you will automatically validate transactions on the Covalent X Token network. For these validations, you will be rewarded with CXT.
When engaging in transactions and participating in staking pools, it's important to factor in the associated fees. Additionally, there may be a waiting period before you begin to receive rewards. The staking pool must successfully generate blocks, which can require some time to accomplish.
