Introduction
Staking Horizen is an excellent choice for those looking to hold ZEN 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 Horizen (ZEN) Tokens
To stake Horizen, you first need to acquire it. You can purchase Horizen from various popular exchanges.
View all 28 pricesPlatform Coin Cost PrimeXBT Horizen (ZEN) 7.87 Binance Horizen (ZEN) 7.88 Coinbase Horizen (ZEN) 7.87 OKX Horizen (ZEN) 7.93 BingX Horizen (ZEN) 11.52 Bitget Horizen (ZEN) 7.88 2. Select a Horizen Wallet
Once you have ZEN, you'll need to select a Horizen wallet to keep your tokens safe. Here are some great options.
Platform Coin Staking benefits MyCointainer Horizen (ZEN) Earn up to 5.78% APY 3. Delegate Your ZEN
We suggest using a staking pool for staking ZEN. It's easier and quicker to start. A staking pool consists of validators who pool their ZEN, 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 Horizen network. You will be rewarded with ZEN 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
- $380.94M
- 24-hour trading volume
- $47.18M
- 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.
- 15.8M ZEN
