Introduction
Staking Akash Network can be an excellent option for those who wish to hold AKT while earning AER in a secure manner and contributing to the network. The process may seem a bit overwhelming, particularly the first time you undertake it. That's why we've compiled this guide for you.
Step-by-Step Guide
1. Obtain Akash Network (AKT) Tokens
To stake Akash Network, you need to possess it. To obtain Akash Network, you'll need to purchase it. You can choose from these popular exchanges.
2. Choose a Akash Network Wallet
Once you have AKT, you'll need to choose a Akash Network wallet to store your tokens. Here are some suitable options.
View all 9 staking rewardsPlatform Coin Staking rewards Bitpanda Akash Network (AKT) Up to 10% AER Chainode Tech Akash Network (AKT) Up to 9.8% AER 3. Delegate Your AKT
We recommend using a staking pool when staking AKT. It's simpler and quicker to get started. A staking pool is a group of validators who combine their AKT, which increases their chances of validating transactions and earning rewards. You can do 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 is confirmed, you will automatically validate transactions on the Akash Network network. You will be rewarded with AKT for these validations.
What to Be Aware Of
There are transaction and staking pool fees you need to consider. There may 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 in the UK
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- Market capitalisation
- US$762.29M
- 24-hour volume
- US$9.61M
- Circulating supply
- 247.44M AKT
