Latest Movements in Uganda's Financial Landscape
- Market capitalization
- US$197.55M
- 24-hour trading volume
- US$41.73M
- Available supply
- 20.19B IQ
IQ
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USDCImportant Notice
Staking IQ can be an excellent choice for those looking to hold IQ while earning APY in a secure manner and supporting the network. The process might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide specifically for you.
To stake IQ, you first need to acquire it. To obtain IQ, you will have to buy it. You can select from these well-known exchanges available in Uganda.
Once you have IQ, you'll need to select a IQ wallet to securely store your tokens. Here are some reliable options to consider.
We recommend using a staking pool when staking IQ. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their IQ, which increases their chances of validating transactions and earning rewards. You can manage 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 IQ network. You'll be rewarded with IQ for these validations.
There are transaction and staking pool fees you need to keep in mind. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, which can take a bit of time.
