Introduction
Staking NEO can be an excellent choice for those looking to hold NEO 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've created this guide to assist you.
Step-by-Step Anleitung
1. Acquire NEO (NEO) Tokens
To stake NEO, you first need to acquire it. To obtain NEO, you'll need to purchase it. You can choose from these well-known exchanges available in Germany.
2. Select a NEO Wallet
Once you have NEO, you'll need to select a NEO wallet to securely store your tokens. Here are some solid options to consider.
3. Delegate Your NEO
We recommend using a staking pool when staking NEO. It's simpler and faster to get started. A staking pool is a collective of validators who pool their NEO, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
4. Start Validating
You will need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you will automatically validate transactions on the NEO network. For these validations, you will be rewarded with NEO.
What to Consider
There are transaction and staking pool fees you need to consider. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, and this process can take some time.
Recent Developments
NEO (NEO) is currently priced at US$3.39 with a 24-hour trading volume of US$62.74M. The market cap of NEO stands at US$1.03B, with 70,53M NEO in circulation. For those looking to buy or trade NEO, Binance offers avenues to do so securely and efficiently
- Market capitalization
- US$1.03B
- 24h Handelsvolumen
- US$62.74M
- Circulating supply
- 70,53M NEO
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