Introduction
Staking Coq Inu can be a great option for those who want to hold COQ 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 Guide
1. Obtain Coq Inu (COQ) Tokens
In order to stake Coq Inu, you need to have it. To obtain Coq Inu, you'll need to purchase it. You can choose from these popular exchanges.
2. Choose a Coq Inu Wallet
Once you have COQ, you'll need to choose a Coq Inu wallet to store your tokens. Here are some good options.
3. Delegate Your COQ
We recommend using a staking pool when staking COQ. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their COQ, 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 Coq Inu network. You'll be rewarded with COQ 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
- Market cap
- $89.64M
- 24h volume
- $3.8M
- Circulating supply
- 69.42T COQ