Introduction
Staking Ontology can be a great option for those who want to hold ONT 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 Ontology (ONT) Tokens
In order to stake Ontology, you need to have it. To obtain Ontology, you'll need to purchase it. You can choose from these popular exchanges.
See all 11 pricesPlatform Coin Price Bitpanda Ontology (ONT) 0.24 Uphold Ontology (ONT) 0.21 OKX Ontology (ONT) 0.24 Binance Ontology (ONT) 0.23 BingX Ontology (ONT) 0.24 Bitget Ontology (ONT) 0.24 2. Choose a Ontology Wallet
Once you have ONT, you’ll need to choose a Ontology wallet to store your tokens. Here are some good options.
See all 5 staking rewardsPlatform Coin Staking rewards Binance Ontology (ONT) Up to 13.5 APY Exodus Ontology (ONT) Up to 17.08 APY 3. Delegate Your ONT
We recommend using a staking pool when staking ONT. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their ONT, 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 Ontology network. You’ll be rewarded with ONT 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
Ontology (ONT) is currently priced at $13.5 with a 24-hour trading volume of $32,204,807. The market cap of Ontology stands at $214,909,680, with $907,697,857 ONT in circulation. For those looking to buy or trade Ontology, Binance offers avenues to do so securely and efficiently}
- Market cap
- $214.91M
- 24h volume
- $32.2M
- Circulating supply
- $907.7M
Frequently Asked Questions About Staking Ontology (ONT)
- What is Ontology (ONT) staking?
- Ontology (ONT) staking involves holding and delegating your ONT tokens to support the network's operations, earning rewards in return. It's a way to participate in the network while potentially earning staking rewards.
- How are Ontology staking rewards calculated?
- Staking rewards for Ontology are calculated based on the number of ONT tokens staked and the duration of staking. The rewards can vary based on network conditions and the staking provider's policies.
- When do I receive staking rewards?
- Staking rewards are usually distributed periodically, such as daily or weekly, depending on the staking platform. Check with your chosen platform for specific payout schedules.
- Can I trade my ONT while staking?
- Typically, you cannot trade ONT tokens while they are staked. You must first unstake them, which may involve a waiting period, before they can be freely traded or transferred.
- Are there any risks associated with Ontology staking?
- Like any crypto activity, staking involves risks, such as potential loss of value. Ensure you understand the terms and are aware of network changes or provider issues before participating.
- What is Bitcompare?
- Bitcompare is a crypto comparison platform offering valuable tools like real-time price comparisons, email alerts, sentiment analysis, and the latest Ontology news. Bookmark their page to stay informed.
- How can I stay updated on Ontology staking and market changes?
- Stay updated by visiting Bitcompare regularly for real-time insights, alerts, and sentiment analysis. Bookmark their page to easily access the latest Ontology news and make informed decisions.
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