Introduction
Staking Validity is an excellent choice for those looking to hold VAL 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 Validity (VAL) Tokens
To stake Validity, you first need to acquire it. You can purchase Validity from various popular exchanges.
2. Select a Validity Wallet
Once you have VAL, you'll need to select a Validity wallet to keep your tokens safe. Here are some great options.
Platform Coin Staking benefits MyCointainer Validity (VAL) Earn up to 23.6% APY 3. Delegate Your VAL
We suggest using a staking pool for staking VAL. It's easier and quicker to start. A staking pool consists of validators who pool their VAL, 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 Validity network. You will be rewarded with VAL 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
Validity (VAL) is currently priced at $23.6 with a 24-hour trading volume of $723,211. The market cap of Validity stands at $4.6M, with 5.26M VAL in circulation. For those looking to buy or trade Validity, MyCointainer offers avenues to do so securely and efficiently
- Market capitalization
- $4.6M
- 24-hour trading volume
- $723,211
- 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.
- 5.26M VAL