Introduction
Staking FLOKI can be a great option for those who want to hold FLOKI 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 FLOKI (FLOKI) Tokens
In order to stake FLOKI, you need to have it. To obtain FLOKI, you'll need to purchase it. You can choose from these popular exchanges.
2. Choose a FLOKI Wallet
Once you have FLOKI, you’ll need to choose a FLOKI wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards Bitmart FLOKI (FLOKI) Up to 1 APY 3. Delegate Your FLOKI
We recommend using a staking pool when staking FLOKI. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their FLOKI, 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 FLOKI network. You’ll be rewarded with FLOKI 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
FLOKI (FLOKI) is currently priced at $7 with a 24-hour trading volume of $874,810,354. The market cap of FLOKI stands at $2,419,557,562, with $9,685,169,474,844 FLOKI in circulation. For those looking to buy or trade FLOKI, Bitmart offers avenues to do so securely and efficiently}
- Market cap
- $2.42B
- 24h volume
- $874.81M
- Circulating supply
- $9.69T