Introduction
Staking Galeon can be a great option for those who want to hold GALEON 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 Galeon (GALEON) Tokens
In order to stake Galeon, you need to have it. To obtain Galeon, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price Bitmart Galeon (GALEON) 0.03 2. Choose a Galeon Wallet
Once you have GALEON, you’ll need to choose a Galeon wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards Everstake Galeon (GALEON) Up to 0 APY 3. Delegate Your GALEON
We recommend using a staking pool when staking GALEON. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their GALEON, 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 Galeon network. You’ll be rewarded with GALEON 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
Galeon (GALEON) is currently priced at 0 with a 24-hour trading volume of $106,346. The market cap of Galeon stands at $23,661,003, with $718,693,525.17 GALEON in circulation. For those looking to buy or trade Galeon, Everstake offers avenues to do so securely and efficiently}
- Market cap
- $23.66M
- 24h volume
- $106,346
- Circulating supply
- $718.69M