Introduction
Staking Moonriver is an excellent choice for those looking to hold MOVR 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 Moonriver (MOVR) Tokens
To stake Moonriver, you first need to acquire it. You can purchase Moonriver from various popular exchanges.
2. Select a Moonriver Wallet
Once you have MOVR, you'll need to select a Moonriver wallet to keep your tokens safe. Here are some great options.
View all 5 staking rewardsPlatform Coin Staking benefits Binance Moonriver (MOVR) Earn up to 2.9% APY 3. Delegate Your MOVR
We suggest using a staking pool for staking MOVR. It's easier and quicker to start. A staking pool consists of validators who pool their MOVR, 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 Moonriver network. You will be rewarded with MOVR 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
Moonriver (MOVR) is currently priced at $7.8 with a 24-hour trading volume of $5.76M. The market cap of Moonriver stands at $106.87M, with 9.37M MOVR in circulation. For those looking to buy or trade Moonriver, Binance offers avenues to do so securely and efficiently
- Market capitalization
- $106.87M
- 24-hour trading volume
- $5.76M
- 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.
- 9.37M MOVR
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