Introduction
Staking NEO can be a great option for those who want to hold NEO 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 NEO (NEO) Tokens
In order to stake NEO, you need to have it. To obtain NEO, you'll need to purchase it. You can choose from these popular exchanges.
2. Choose a NEO Wallet
Once you have NEO, you’ll need to choose a NEO wallet to store your tokens. Here are some good options.
3. Delegate Your NEO
We recommend using a staking pool when staking NEO. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their NEO, 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 NEO network. You’ll be rewarded with NEO 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
NEO (NEO) is currently priced at $3.39 with a 24-hour trading volume of $13.63M. The market cap of NEO stands at $626.85M, with $70.53M NEO in circulation. For those looking to buy or trade NEO, Bitmart offers avenues to do so securely and efficiently}
- Market cap
- $626.85M
- 24h volume
- $13.63M
- Circulating supply
- $70.53M
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