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How to Stake Polymesh (POLYX)

Earn up to
12,12% APY

What you'll discover

  1. 1

    How to Stake Polymesh (POLYX) in South Africa

    A comprehensive guide on how to stake Polymesh (POLYX)

  2. 2

    Statistics about Polymesh Staking in South Africa

    We have a wealth of information on staking Polymesh (POLYX) and we're excited to share some of this with you.

  3. 3

    Other cryptocurrencies you can stake

    We present some staking options with other cryptocurrencies that may pique your interest.

Introduction

Staking Polymesh can be an excellent choice for those looking to hold POLYX while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African Investors

  1. 1. Acquire Polymesh (POLYX) Tokens

    To stake Polymesh, you first need to acquire it. To obtain Polymesh, you'll need to buy it. You can select from these popular exchanges available in South Africa.

  2. 2. Select a Polymesh Wallet

    Once you have POLYX, you'll need to choose a Polymesh wallet to store your tokens securely. Here are some solid options to consider.

    PlatformMintStaking rewards in South Africa
    BinancePolymesh (POLYX)Up to 12,12% APY
    MyCointainerPolymesh (POLYX)Up to 21% APY
  3. 3. Delegate Your POLYX

    We recommend using a staking pool when staking POLYX. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their POLYX, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

  4. 4. Start Validating

    You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Polymesh network. You'll be rewarded with POLYX for these validations.

What to Keep in Mind

There are transaction and staking pool fees you need to take into account. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this process can take some time.

Latest Movements in the Market

Polymesh (POLYX) is currently priced at US$21 with a 24-hour trading volume of US$13,62M. The market cap of Polymesh stands at US$310,94M, with 1,12B POLYX in circulation. For those looking to buy or trade Polymesh, Binance offers avenues to do so securely and efficiently

Market capitalisation
US$310,94M
24-hour trading volume
US$13,62M
Circulating supply
1,12B POLYX
Check the latest updates

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Important Notice

Important Notice