Introduction
Staking aelf can be a great option for those who want to hold ELF 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 aelf (ELF) Tokens
In order to stake aelf, you need to have it. To obtain aelf, you'll need to purchase it. You can choose from these popular exchanges.
See all 9 pricesPlatform Coin Price Bitpanda aelf (ELF) 0.35 OKX aelf (ELF) 0.35 Binance aelf (ELF) 0.35 BingX aelf (ELF) 0.35 Bitmart aelf (ELF) 0.35 Kucoin aelf (ELF) 0.35 2. Choose a aelf Wallet
Once you have ELF, you’ll need to choose a aelf wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards Bitmart aelf (ELF) Up to 2.00 APY 3. Delegate Your ELF
We recommend using a staking pool when staking ELF. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their ELF, 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 aelf network. You’ll be rewarded with ELF for these validations.
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
aelf (ELF) is currently priced at $2.00 with a 24-hour trading volume of $4.89M. The market cap of aelf stands at $256.03M, with $725.80M ELF in circulation. For those looking to buy or trade aelf, Bitmart offers avenues to do so securely and efficiently}
- Market cap
- $256.03M
- 24h volume
- $4.89M
- Circulating supply
- $725.80M