Introduction
Staking ALEO is an excellent choice for those looking to hold ALEO while earning yield securely and supporting the network. The process may seem overwhelming, especially for first-timers. That's why we've created this guide to help you through it.
Comprehensive Guide
1. Acquire ALEO (ALEO) Tokens
To stake ALEO, you first need to acquire it. You can purchase ALEO from various popular exchanges.
View all 18 pricesPlatform Coin Cost Coinbase ALEO (ALEO) 0.12 BingX ALEO (ALEO) 0.12 Bitmart ALEO (ALEO) 0.12 Bybit ALEO (ALEO) 0.12 CoinEx ALEO (ALEO) 0.12 Gate.io ALEO (ALEO) 0.12 2. Select a ALEO Wallet
Once you have ALEO, you'll need to select a ALEO wallet to keep your tokens safe. Here are some great options.
Platform Coin Staking benefits Everstake ALEO (ALEO) Earn up to 9.53% APY 3. Delegate Your ALEO
We suggest using a staking pool for staking ALEO. It's easier and quicker to start. A staking pool consists of validators who pool their ALEO, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.
4. Begin Validation
You will need to wait for your deposit to be confirmed by your wallet. Once confirmed, you will automatically validate transactions on the ALEO network. You will be rewarded with ALEO for these validations.
Key Considerations
Consider the transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.
Recent Developments
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- Market capitalization
- $191.11M
- 24-hour trading volume
- $12.18M
- Circulating supply refers to the total amount of a cryptocurrency or token that is currently available for trading in the market. It excludes tokens that are locked, reserved, or not yet released.
- 297.19M ALEO
