Introduction
Staking IoTeX is an excellent choice for those looking to hold IOTX 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 IoTeX (IOTX) Tokens
To stake IoTeX, you first need to acquire it. You can purchase IoTeX from various popular exchanges.
View all 35 pricesPlatform Coin Cost Binance IoTeX (IOTX) 0.01 BTSE IoTeX (IOTX) 0.01 Coinbase IoTeX (IOTX) 0.01 BingX IoTeX (IOTX) 0.01 Bitget IoTeX (IOTX) 0.01 Bitmart IoTeX (IOTX) 0.01 2. Select a IoTeX Wallet
Once you have IOTX, you'll need to select a IoTeX wallet to keep your tokens safe. Here are some great options.
View all 5 staking rewardsPlatform Coin Staking benefits Binance IoTeX (IOTX) Earn up to 4% APY Bitget IoTeX (IOTX) Earn up to 12% APY 3. Delegate Your IOTX
We suggest using a staking pool for staking IOTX. It's easier and quicker to start. A staking pool consists of validators who pool their IOTX, 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 IoTeX network. You will be rewarded with IOTX 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
- $352.14M
- 24-hour trading volume
- $16.14M
- 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.
- 9.44B IOTX
