Introduction

Staking Only1 can be a great option for those who want to hold LIKE 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. 1. Obtain Only1 (LIKE) Tokens

    In order to stake Only1, you need to have it. To obtain Only1, you'll need to purchase it. You can choose from these popular exchanges.

  2. 2. Choose a Only1 Wallet

    Once you have LIKE, you'll need to choose a Only1 wallet to store your tokens. Here are some good options.

  3. 3. Delegate Your LIKE

    We recommend using a staking pool when staking LIKE. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their LIKE, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet's interface.

  4. 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 Only1 network. You'll be rewarded with LIKE 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

Market cap
$10.91M
24h volume
$342,956
Circulating supply
348.15M LIKE
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