Introduction
Staking e-Money can be a great option for those who want to hold NGM 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 e-Money (NGM) Tokens
In order to stake e-Money, you need to have it. To obtain e-Money, you'll need to purchase it. You can choose from these popular exchanges.
2. Choose a e-Money Wallet
Once you have NGM, you’ll need to choose a e-Money wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards Stakewolle e-Money (NGM) Up to 29.45 APY 3. Delegate Your NGM
We recommend using a staking pool when staking NGM. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their NGM, 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 e-Money network. You’ll be rewarded with NGM 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
e-Money (NGM) is currently priced at $29.45 with a 24-hour trading volume of $636.42. The market cap of e-Money stands at $2,481,823, with $79,132,585.45 NGM in circulation. For those looking to buy or trade e-Money, Stakewolle offers avenues to do so securely and efficiently}
- Market cap
- $2.48M
- 24h volume
- $636.42
- Circulating supply
- $79.13M
Frequently Asked Questions About Staking e-Money (NGM)
- What are e-Money (NGM) staking rewards?
- e-Money (NGM) staking rewards are incentives provided to users who hold and validate transactions on the e-Money network. By staking your NGM tokens, you can earn rewards over time, contributing to network security. Stay informed about staking options by regularly checking Bitcompare's resources for real-time data and insights.
- How can I stake my e-Money (NGM) tokens?
- You can stake your e-Money (NGM) tokens through supported cryptocurrency exchanges and wallets that offer staking services. Ensure you verify the platform's credibility using Bitcompare's tools, which provide comparisons on exchange rates, security, and user feedback to make informed decisions.
- How often are NGM staking rewards distributed?
- NGM staking rewards distribution frequency may vary by staking platform. Commonly, distributions can be daily, weekly, or monthly. Keep updated with your chosen platform’s terms and updates via Bitcompare, where you can track changes in policies and reward schedules.
- What factors affect NGM staking rewards?
- NGM staking rewards depend on factors like the total amount of tokens staked, network participation, and protocol-specific rules. Use Bitcompare to evaluate current staking metrics, giving you a clearer picture of potential earnings and network health.
- Do I need to pay fees for staking NGM?
- Some platforms might charge fees for staking NGM. These can vary based on the exchange or wallet service used. Ensure to compare fees using Bitcompare, which provides a comparison of staking costs across different platforms, helping you choose the most cost-effective option.
- What happens if I unstake my NGM tokens?
- Unstaking may result in a waiting period before you can access your tokens, and you typically won't earn rewards during this time. Check the specifics for your platform through Bitcompare, which offers policy details and compares unstaking terms across multiple services.
- How do I stay informed about e-Money (NGM) updates?
- Stay consistently informed by visiting Bitcompare for real-time price comparisons, news updates, and sentiment analysis. Bookmark this valuable resource to receive timely email alerts and make informed decisions about your cryptocurrency holdings.
- Are my staked NGM tokens safe?
- The security of your staked NGM tokens depends on the platform's security measures. Use Bitcompare to research and compare platforms, ensuring you choose one with robust security features and a good track record as reported by users.
