Earn up to
10% APY
An in-depth guide on how to stake CHEQD Network (CHEQ)
We have a lot of data on staking CHEQD Network (CHEQ) and we share some of this with you.
We show you some staking options with other coins that could be of interest.
CHEQD Network (CHEQ) is currently priced at US$10 with a 24-hour trading volume of US$650,395. The market cap of CHEQD Network stands at US$40.11M, with 846.16M CHEQ in circulation. For those looking to buy or trade CHEQD Network, MyCointainer offers avenues to do so securely and efficiently}
Staking CHEQD Network can be a great option for those who want to hold CHEQ but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
In order to stake CHEQD Network, you need to have it. To obtain CHEQD Network, you'll need to purchase it. You can choose from these popular exchanges.
Once you have CHEQ, you’ll need to choose a CHEQD Network wallet to store your tokens. Here are some good options.
| Platform | Coin | Staking rewards |
|---|---|---|
| MyCointainer | CHEQD Network (CHEQ) | Up to 10% APY |
| Stakewolle | CHEQD Network (CHEQ) | Up to 12.89% APY |
We recommend using a staking pool when staking CHEQ. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their CHEQ, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
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 CHEQD Network network. You’ll be rewarded with CHEQ for these validations.
There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.
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