Introduction
Staking Velocimeter FLOW is an excellent choice for those looking to hold FLOW 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 Velocimeter FLOW (FLOW) Tokens
To stake Velocimeter FLOW, you first need to acquire it. You can purchase Velocimeter FLOW from various popular exchanges.
2. Select a Velocimeter FLOW Wallet
Once you have FLOW, you'll need to select a Velocimeter FLOW wallet to keep your tokens safe. Here are some great options.
Platform Coin Staking benefits Kucoin Velocimeter FLOW (FLOW) Earn up to 6% APY 3. Delegate Your FLOW
We suggest using a staking pool for staking FLOW. It's easier and quicker to start. A staking pool consists of validators who pool their FLOW, 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 Velocimeter FLOW network. You will be rewarded with FLOW 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
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- Market capitalization
- $22,192
- 24-hour trading volume
- $9.56
- 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.
- 271.56M FLOW
