Introduction
Staking NEO can be an excellent choice for those looking to hold NEO while earning APY in a secure manner and supporting the network. The process may seem a bit intimidating, particularly for first-timers. That’s why we’ve created this guide to assist you.
Step-by-Step Guide for Italian Investors
1. Acquire NEO (NEO) Tokens
To stake NEO, you must first acquire it. To obtain NEO, you'll need to buy it. You can select from these well-known exchanges available in Italy.
2. Select a NEO Wallet
Once you have NEO, you'll need to select a NEO wallet to securely store your tokens. Here are some excellent options tailored for the Italian market.
3. Delegate Your NEO
We recommend using a staking pool when staking NEO. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their NEO, enhancing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
4. Begin the Validation Process
You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the NEO network. For these validations, you'll receive rewards in NEO.
What to Consider in Italy
When engaging in staking, it's important to factor in the transaction and staking pool fees. Additionally, you may encounter a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time.
Recent Developments
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- Market capitalization
- US$1.03B
- 24h volume in the Italian market
- US$62.74M
- Circulating supply
- 70,53M NEO
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