How to Stake Ontology (ONT): A Step-by-Step Guide

Introduction

Staking Ontology can be a great option for those who want to hold ONT 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.

Step-by-Step Guide

1. Obtain Ontology (ONT) Tokens
In order to stake Ontology, you need to have it. To obtain Ontology, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price
Uphold Ontology (ONT) 0.24
OKX Ontology (ONT) 0.24
Binance Ontology (ONT) 0.24
Bitget Ontology (ONT) 0.24
BingX Ontology (ONT) 0.24
Gate.io Ontology (ONT) 0.33
See all 15 prices
2. Choose a Ontology Wallet
Once you have ONT, you’ll need to choose a Ontology wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
Binance Ontology (ONT) Up to 13.5 APY
Exodus Ontology (ONT) Up to 17.08 APY
CEX.io Ontology (ONT) Up to 10 APY
FMFW.io Ontology (ONT) Up to 16 APY
See all 5 staking rewards
3. Delegate Your ONT
We recommend using a staking pool when staking ONT. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their ONT, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
4. Start Validating
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 Ontology network. You’ll be rewarded with ONT for these validations.

Platform	Coin	Price
Uphold	Ontology (ONT)	0.24
OKX	Ontology (ONT)	0.24
Binance	Ontology (ONT)	0.24
Bitget	Ontology (ONT)	0.24
BingX	Ontology (ONT)	0.24
Gate.io	Ontology (ONT)	0.33

Platform	Coin	Staking rewards
Binance	Ontology (ONT)	Up to 13.5 APY
Exodus	Ontology (ONT)	Up to 17.08 APY
CEX.io	Ontology (ONT)	Up to 10 APY
FMFW.io	Ontology (ONT)	Up to 16 APY

What to be Aware of

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.

Latest Movements

Ontology (ONT) is currently priced at $17.08 with a 24-hour trading volume of $14.15M. The market cap of Ontology stands at $217.28M, with $912.7M ONT in circulation. For those looking to buy or trade Ontology, Binance offers avenues to do so securely and efficiently}

Market cap: $217.28M
24h volume: $14.15M
Circulating supply: $912.7M

See latest information

Frequently Asked Questions About Staking Ontology (ONT)

What are Ontology (ONT) staking rewards?: Ontology (ONT) staking rewards are incentives given to users for participating in the network by staking their ONT tokens. Rewards are usually distributed in the form of Ontology Gas (ONG).
How can I calculate my ONT staking rewards?: To calculate potential ONT staking rewards, you may use tools available on Bitcompare. It provides real-time comparisons and sentiment analysis to help estimate rewards accurately.
When are ONT staking rewards distributed?: ONT staking rewards are typically distributed periodically, often on a daily or weekly basis depending on the platform used for staking. Check specific details with your chosen staking provider.
Can the amount of staking rewards change?: Yes, the amount of staking rewards can change due to factors like network conditions and staking pool performance. Stay informed with tools on Bitcompare for updates and adjustments.
What factors affect the ONT staking reward rate?: The ONT staking reward rate can be influenced by network participation, total staked tokens, and platform-specific rules. Regularly use Bitcompare tools for current insights and data.
Where can I find the latest updates on Ontology staking?: For the latest news and updates on Ontology staking, regularly check Bitcompare. This platform offers real-time news alerts and event tracking related to ONT.
Is staking ONT tokens safe?: While staking ONT is generally safe, risks include potential platform vulnerabilities and market volatility. Keep informed via Bitcompare and regularly assess the credibility of staking platforms.
Why should I stay updated with cryptocurrency trends?: The cryptocurrency market is dynamic. Staying updated helps make informed decisions, reducing potential risks. Bitcompare provides valuable tools for up-to-date information.