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 overwhelming, particularly for first-timers. That’s why we’ve created this guide to assist you.
Step-by-Step Guide for South Korea's Financial Landscape 1
1. Acquire NEO (NEO) Tokens
To stake NEO, you first need to acquire it. To obtain NEO, you'll need to purchase it from a cryptocurrency exchange. You can choose from these popular platforms available in South Korea.
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 recommended options that are popular among Korean users.
3. Delegate Your NEO in South Korea
We recommend using a staking pool when staking NEO. It’s more convenient and quicker to get started. A staking pool consists of a group of validators who combine their NEO, increasing their chances of validating transactions and earning rewards. You can easily manage 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 NEO network. For these validations, you will be rewarded with NEO.
What to Keep in Mind
You should be aware of the transaction and staking pool fees that apply. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time in the process.
Recent Trends
missing en-kr translation: common.latest-movements-copy
- Market capitalization
- $1.03B
- 24시간 거래량
- $62.74M
- Circulating supply in the market
- 70.53M NEO
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