Introduction
Staking STP Network can be a great option for those who want to hold STPT 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 STP Network (STPT) tokens
In order to stake STP Network, you need to have it. To obtain STP Network, you'll need to purchase it. You can choose from these popular exchanges.
See all 7 pricesPlatform Coin Price Bitpanda STP Network (STPT) $0.0461 Binance STP Network (STPT) $0.0467 Bitmart STP Network (STPT) $0.0488 BingX STP Network (STPT) $0.0461 MEXC Global STP Network (STPT) $0.0461 Bitget STP Network (STPT) $0.046 2. Choose a STP Network wallet
Once you have STPT, you’ll need to choose a STP Network wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards Bitmart STP Network (STPT) Up to 6% APY 3. Delegate your STPT
We recommend using a staking pool when staking STPT. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their STPT, 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 STP Network network. You’ll be rewarded with STPT 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
STP Network (STPT) is currently priced at $0.0461 with a 24-hour trading volume of $10.81M. In the last 24 hours, STP Network has experienced a decrease of -2.72%. The market cap of STP Network stands at 91.94M, with $1.94B STPT in circulation. For those looking to buy or trade STP Network, reputable platforms like Bitpanda, BingX and MEXC Global offer avenues to do so securely and efficiently.
- Market cap
- $91.94M
- 24h Volume
- $10.81M
- Circulating supply
- $1.94B