Introduction
Staking OMG Network can be a great option for those who want to hold OMG but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
Step-by-step
1. Obtain OMG Network (OMG) tokens
In order to stake OMG Network, you need to have it. To obtain OMG Network, you'll need to purchase it. You can choose from these popular exchanges.
See all 15 pricesPlatform Coin Price Bitpanda OMG Network (OMG) $0.21 YouHodler OMG Network (OMG) $0.2064 Wirex OMG Network (OMG) $0.3859 Kraken OMG Network (OMG) $0.2091 OKX OMG Network (OMG) $0.2749 Binance OMG Network (OMG) $0.383 2. Choose a OMG Network wallet
Once you have OMG, you’ll need to choose a OMG Network wallet to store your tokens. Here are some good options.
3. Delegate your OMG
We recommend using a staking pool when staking OMG. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their OMG, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
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 OMG Network network. You’ll be rewarded with OMG for these validations.
What to be aware of
There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.
Latest movements
OMG Network (OMG) is currently priced at $0.2061 with a 24-hour trading volume of $5.61M. In the last 24 hours, OMG Network has experienced a decrease of -0.67%. The market cap of OMG Network stands at 29.09M, with $140.25M OMG in circulation. For those looking to buy or trade OMG Network, reputable platforms like YouHodler, Coinbase and BTSE offer avenues to do so securely and efficiently.
- Market cap
- $29.09M
- 24h Volume
- $5.61M
- Circulating supply
- $140.25M