How to Stake Planq (PLQ)

Introduction

Staking Planq can be an excellent choice for those looking to hold PLQ 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. 1. Acquire Planq (PLQ) Tokens

   To stake Planq, you first need to acquire it. To obtain Planq, you'll need to purchase it. You can choose from these well-known exchanges available in Germany.

   Plattform	Kryptowährung	Price
   BingX	Planq (PLQ)	0,01 APY

2. 2. Select a Planq Wallet

   Once you have PLQ, you'll need to select a Planq wallet to securely store your tokens. Here are some solid options to consider.

   Plattform	Kryptowährung	Staking rewards
   MyCointainer	Planq (PLQ)	Up to 81,2 % APY

3. 3. Delegate Your PLQ

   We recommend using a staking pool when staking PLQ. It's simpler and faster to get started. A staking pool is a collective of validators who pool their PLQ, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 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 Planq network. For these validations, you will be rewarded with PLQ.

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.