Introduction
Staking Navio is an excellent choice for those looking to hold NAV 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 Navio (NAV) Tokens
To stake Navio, you first need to acquire it. You can purchase Navio from various popular exchanges.
Platform Coin Cost MEXC Global Navio (NAV) 0.04 2. Select a Navio Wallet
Once you have NAV, you'll need to select a Navio wallet to keep your tokens safe. Here are some great options.
Platform Coin Staking benefits MyCointainer Navio (NAV) Earn up to 4.1% APY 3. Delegate Your NAV
We suggest using a staking pool for staking NAV. It's easier and quicker to start. A staking pool consists of validators who pool their NAV, 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 Navio network. You will be rewarded with NAV 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
Navio (NAV) is currently priced at $4.1 with a 24-hour trading volume of $25,531. The market cap of Navio stands at $3.07M, with 77.08M NAV in circulation. For those looking to buy or trade Navio, MyCointainer offers avenues to do so securely and efficiently
- Market capitalization
- $3.07M
- 24-hour trading volume
- $25,531
- 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.
- 77.08M NAV
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