Introduction
Staking IOST is an excellent choice for those looking to hold IOST 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 IOST (IOST) Tokens
To stake IOST, you first need to acquire it. You can purchase IOST from various popular exchanges.
2. Select a IOST Wallet
Once you have IOST, you'll need to select a IOST wallet to keep your tokens safe. Here are some great options.
View all 6 staking rewardsPlatform Coin Staking benefits Binance IOST (IOST) Earn up to 2.3% APY Bitget IOST (IOST) Earn up to 4% APY 3. Delegate Your IOST
We suggest using a staking pool for staking IOST. It's easier and quicker to start. A staking pool consists of validators who pool their IOST, 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 IOST network. You will be rewarded with IOST 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
IOST (IOST) is currently priced at $8.3 with a 24-hour trading volume of $97.14M. The market cap of IOST stands at $160.93M, with 21.32B IOST in circulation. For those looking to buy or trade IOST, Binance offers avenues to do so securely and efficiently
- Market capitalization
- $160.93M
- 24-hour trading volume
- $97.14M
- 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.
- 21.32B IOST
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