Introduction
Staking WOO can be a great option for those who want to hold WOO 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 WOO (WOO) tokens
In order to stake WOO, you need to have it. To obtain WOO, you'll need to purchase it. You can choose from these popular exchanges.
2. Choose a WOO wallet
Once you have WOO, you’ll need to choose a WOO wallet to store your tokens. Here are some good options.
3. Delegate your WOO
We recommend using a staking pool when staking WOO. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their WOO, 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 WOO network. You’ll be rewarded with WOO 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
WOO (WOO) is currently priced at $0.1361 with a 24-hour trading volume of $8.91M. In the last 24 hours, WOO has experienced a decrease of -0.09%. The market cap of WOO stands at 249.42M, with $1.82B WOO in circulation. For those looking to buy or trade WOO, reputable platforms like Bitpanda, OKX and BTSE offer avenues to do so securely and efficiently.
- Market cap
- $249.42M
- 24h Volume
- $8.91M
- Circulating supply
- $1.82B