Introduction
Staking Syscoin can be a great option for those who want to hold SYS 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 Syscoin (SYS) Tokens
In order to stake Syscoin, you need to have it. To obtain Syscoin, you'll need to purchase it. You can choose from these popular exchanges.
See all 7 pricesPlatform Coin Price Bitpanda Syscoin (SYS) 0.10 Binance Syscoin (SYS) 0.10 BingX Syscoin (SYS) 0.10 Bitmart Syscoin (SYS) 0.09 MEXC Global Syscoin (SYS) 0.10 Kucoin Syscoin (SYS) 0.10 2. Choose a Syscoin Wallet
Once you have SYS, you’ll need to choose a Syscoin wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards MyCointainer Syscoin (SYS) Up to 4.48 APY 3. Delegate Your SYS
We recommend using a staking pool when staking SYS. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their SYS, 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 Syscoin network. You’ll be rewarded with SYS 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
Syscoin (SYS) is currently priced at $4.48 with a 24-hour trading volume of $3.72M. The market cap of Syscoin stands at $79.29M, with $798.05M SYS in circulation. For those looking to buy or trade Syscoin, MyCointainer offers avenues to do so securely and efficiently}
- Market cap
- $79.29M
- 24h volume
- $3.72M
- Circulating supply
- $798.05M