Introduction
Staking Bone ShibaSwap is an excellent choice for those looking to hold BONE while earning yield securely and supporting the network. The process may seem overwhelming, especially for first-timers. That's why we've created this guide to help you through it.
Comprehensive Guide
1. Acquire Bone ShibaSwap (BONE) Tokens
To stake Bone ShibaSwap, you first need to acquire it. You can purchase Bone ShibaSwap from various popular exchanges.
2. Select a Bone ShibaSwap Wallet
Once you have BONE, you'll need to select a Bone ShibaSwap wallet to keep your tokens safe. Here are some great options.
Platform Coin Staking benefits MyCointainer Bone ShibaSwap (BONE) Earn up to 8.12% APY 3. Delegate Your BONE
We suggest using a staking pool for staking BONE. It's easier and quicker to start. A staking pool consists of validators who pool their BONE, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.
4. Begin Validation
You will need to wait for your deposit to be confirmed by your wallet. Once confirmed, you will automatically validate transactions on the Bone ShibaSwap network. You will be rewarded with BONE for these validations.
Key Considerations
Consider the transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.
Recent Developments
Bone ShibaSwap (BONE) is currently priced at $8.12 with a 24-hour trading volume of $3.06M. The market cap of Bone ShibaSwap stands at $111.45M, with 249.9M BONE in circulation. For those looking to buy or trade Bone ShibaSwap, MyCointainer offers avenues to do so securely and efficiently
- Market capitalization
- $111.45M
- 24-hour trading volume
- $3.06M
- Circulating supply refers to the total amount of a cryptocurrency or token that is currently available for trading in the market. It excludes tokens that are locked, reserved, or not yet released.
- 249.9M BONE