Introduction
Staking Sweat Economy can be an excellent choice for those looking to hold SWEAT 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.
Step-by-Step Guide for Indian Investors
1. Acquire Sweat Economy (SWEAT) Tokens in India
To stake Sweat Economy, you first need to acquire it. To obtain Sweat Economy, you will have to purchase it from a cryptocurrency exchange. You can select from these popular platforms available in India.
2. Choose a Sweat Economy Wallet in India
Once you have SWEAT, you'll need to choose a Sweat Economy wallet to securely store your tokens. Here are some reliable options available in India.
Platform Coin Staking rewards in India Bitmart Sweat Economy (SWEAT) Up to 1% APY 3. Delegate Your SWEAT in India
We recommend using a staking pool when staking SWEAT. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their SWEAT, increasing their chances of validating transactions and earning rewards. You can easily 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's confirmed, you will automatically validate transactions on the Sweat Economy network. For these validations, you will be rewarded with SWEAT.
What to Keep in Mind
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.
Latest Trends in India
Sweat Economy (SWEAT) is currently priced at $1 with a 24-hour trading volume of $58.16L. The market cap of Sweat Economy stands at $5.64Cr, with 768Cr SWEAT in circulation. For those looking to buy or trade Sweat Economy, Bitmart offers avenues to do so securely and efficiently}
- Market capitalization
- $5.64Cr
- 24-hour trading volume
- $58.16L
- Circulating supply in the market
- 768Cr SWEAT
