Earn up to
6,06% APY
A comprehensive guide on how to stake Songbird (SGB)
We have a wealth of information on staking Songbird (SGB) and we're excited to share some of this with you.
We present some staking options with other cryptocurrencies that may pique your interest.
Songbird (SGB) is currently priced at US$6,06 with a 24-hour trading volume of US$578 186. The market cap of Songbird stands at US$125,89M, with 15,48B SGB in circulation. For those looking to buy or trade Songbird, Uphold offers avenues to do so securely and efficiently}
Staking Songbird can be an excellent choice for those looking to hold SGB 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.
To stake Songbird, you first need to acquire it. To obtain Songbird, you'll need to buy it. You can select from these popular exchanges available in South Africa.
Once you have SGB, you'll need to choose a Songbird wallet to store your tokens securely. Here are some solid options to consider.
| Platform | Mint | Staking rewards in South Africa |
|---|---|---|
| Uphold | Songbird (SGB) | Up to 6,06% APY |
We recommend using a staking pool when staking SGB. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their SGB, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
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 Songbird network. You'll be rewarded with SGB for these validations.
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.
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