Introduction
Staking Onomy can be a great option for those who want to hold NOM 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 Onomy (NOM) Tokens
In order to stake Onomy, you need to have it. To obtain Onomy, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price BingX Onomy (NOM) 0.02 Bitmart Onomy (NOM) 0.11 2. Choose a Onomy Wallet
Once you have NOM, you’ll need to choose a Onomy wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards MyCointainer Onomy (NOM) Up to 18.10 APY Stakewolle Onomy (NOM) Up to 200.00 APY 3. Delegate Your NOM
We recommend using a staking pool when staking NOM. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their NOM, 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 Onomy network. You’ll be rewarded with NOM 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
Onomy (NOM) is currently priced at $200.00 with a 24-hour trading volume of $142.84K. For those looking to buy or trade Onomy, MyCointainer offers avenues to do so securely and efficiently}
- 24h volume
- $142.84K