Introduction
Staking Peercoin is an excellent choice for those looking to hold PPC 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 Peercoin (PPC) Tokens
To stake Peercoin, you first need to acquire it. You can purchase Peercoin from various popular exchanges.
Platform Coin Cost MEXC Global Peercoin (PPC) 0.31 2. Select a Peercoin Wallet
Once you have PPC, you'll need to select a Peercoin wallet to keep your tokens safe. Here are some great options.
Platform Coin Staking benefits MyCointainer Peercoin (PPC) Earn up to 3% APY 3. Delegate Your PPC
We suggest using a staking pool for staking PPC. It's easier and quicker to start. A staking pool consists of validators who pool their PPC, 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 Peercoin network. You will be rewarded with PPC 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
Peercoin (PPC) is currently priced at $3 with a 24-hour trading volume of $56,675. The market cap of Peercoin stands at $11.61M, with 29.34M PPC in circulation. For those looking to buy or trade Peercoin, MyCointainer offers avenues to do so securely and efficiently
- Market capitalization
- $11.61M
- 24-hour trading volume
- $56,675
- 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.
- 29.34M PPC