Introduction
Staking Covalent X Token is an excellent choice for those looking to hold CXT 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 Covalent X Token (CXT) Tokens
To stake Covalent X Token, you first need to acquire it. You can purchase Covalent X Token from various popular exchanges.
2. Select a Covalent X Token Wallet
Once you have CXT, you'll need to select a Covalent X Token wallet to keep your tokens safe. Here are some great options.
3. Delegate Your CXT
We suggest using a staking pool for staking CXT. It's easier and quicker to start. A staking pool consists of validators who pool their CXT, 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 Covalent X Token network. You will be rewarded with CXT 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
- Market capitalization
- $94.56M
- 24-hour trading volume
- $2.41M
- 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.
- 898.91M CXT
