Introduction
Staking Aleph Zero can be a great option for those who want to hold AZERO 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 Aleph Zero (AZERO) Tokens
In order to stake Aleph Zero, you need to have it. To obtain Aleph Zero, you'll need to purchase it. You can choose from these popular exchanges.
2. Choose a Aleph Zero Wallet
Once you have AZERO, you’ll need to choose a Aleph Zero wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards Bitpanda Aleph Zero (AZERO) Up to 8.00 APY MyCointainer Aleph Zero (AZERO) Up to 12.05 APY 3. Delegate Your AZERO
We recommend using a staking pool when staking AZERO. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their AZERO, 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 Aleph Zero network. You’ll be rewarded with AZERO 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
Aleph Zero (AZERO) is currently priced at $8.00 with a 24-hour trading volume of $970.89K. The market cap of Aleph Zero stands at $90.55M, with $302.31M AZERO in circulation. For those looking to buy or trade Aleph Zero, Bitpanda offers avenues to do so securely and efficiently}
- Market cap
- $90.55M
- 24h volume
- $970.89K
- Circulating supply
- $302.31M