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A comprehensive guide on how to stake CHEQD Network (CHEQ)
We have extensive data on staking CHEQD Network (CHEQ) and we are sharing some of this information with you.
We present various staking options with different coins that may pique your interest.
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Staking CHEQD Network is an excellent choice for those looking to hold CHEQ 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.
To stake CHEQD Network, you first need to acquire it. You can purchase CHEQD Network from various popular exchanges.
Once you have CHEQ, you'll need to select a CHEQD Network wallet to keep your tokens safe. Here are some great options.
| Platform | Coin | Staking benefits |
|---|---|---|
| MyCointainer | CHEQD Network (CHEQ) | Earn up to 10% APY |
| Stakewolle | CHEQD Network (CHEQ) | Earn up to 12.89% APY |
We suggest using a staking pool for staking CHEQ. It's easier and quicker to start. A staking pool consists of validators who pool their CHEQ, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.
You will need to wait for your deposit to be confirmed by your wallet. Once confirmed, you will automatically validate transactions on the CHEQD Network network. You will be rewarded with CHEQ for these validations.
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.
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