Introduction
Staking Cudos can be an excellent option for those who wish to hold CUDOS 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 Cudos (CUDOS) Tokens
To stake Cudos, you need to possess it. To obtain Cudos, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price Gate.io Cudos (CUDOS) 0.01 Kucoin Cudos (CUDOS) 0.01 2. Choose a Cudos Wallet
Once you have CUDOS, you'll need to choose a Cudos wallet to store your tokens. Here are some suitable options.
Platform Coin Staking rewards MyCointainer Cudos (CUDOS) Up to 9.23% AER Valid Blocks Cudos (CUDOS) Up to 6.86% AER 3. Delegate Your CUDOS
We recommend using a staking pool when staking CUDOS. It's simpler and quicker to get started. A staking pool is a group of validators who combine their CUDOS, 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 Cudos network. You will be rewarded with CUDOS 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
Cudos (CUDOS) is currently priced at US$9.23 with a 24-hour trading volume of US$1,619.01. The market cap of Cudos stands at US$73.26M, with 7.38B CUDOS in circulation. For those looking to purchase or trade Cudos, MyCointainer offers avenues to do so securely and efficiently
- Market capitalisation
- US$73.26M
- 24-hour volume
- US$1,619.01
- Circulating supply
- 7.38B CUDOS
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