Latest Trends in India
- Market capitalization
- $9.46Cr
- 24-hour trading volume
- $24.06L
- Circulating supply in the market
- 89.89Cr CXT
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USDCImportant Notice
Staking Covalent X Token can be an excellent choice for those looking to hold CXT while earning returns in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.
To stake Covalent X Token, you first need to acquire it. To obtain Covalent X Token, you will have to purchase it from a cryptocurrency exchange. You can select from these popular platforms available in India.
Once you have CXT, you'll need to choose a Covalent X Token wallet to securely store your tokens. Here are some reliable options available in India.
We recommend using a staking pool when staking CXT. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their CXT, increasing their chances of validating transactions and earning rewards. You can easily do this through your wallet's interface.
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 Covalent X Token network. For these validations, you will be rewarded with CXT.
When engaging in staking, it's important to factor in transaction fees and staking pool charges. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time to accomplish.
