Introduction
Staking Sweat Economy is an excellent choice for those looking to hold SWEAT 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 Sweat Economy (SWEAT) Tokens
To stake Sweat Economy, you first need to acquire it. You can purchase Sweat Economy from various popular exchanges.
2. Select a Sweat Economy Wallet
Once you have SWEAT, you'll need to select a Sweat Economy wallet to keep your tokens safe. Here are some great options.
Platform Coin Staking benefits Bitmart Sweat Economy (SWEAT) Earn up to 1% APY 3. Delegate Your SWEAT
We suggest using a staking pool for staking SWEAT. It's easier and quicker to start. A staking pool consists of validators who pool their SWEAT, 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 Sweat Economy network. You will be rewarded with SWEAT 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
Sweat Economy (SWEAT) is currently priced at $1 with a 24-hour trading volume of $5.82M. The market cap of Sweat Economy stands at $56.42M, with 7.68B SWEAT in circulation. For those looking to buy or trade Sweat Economy, Bitmart offers avenues to do so securely and efficiently
- Market capitalization
- $56.42M
- 24-hour trading volume
- $5.82M
- 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.
- 7.68B SWEAT