Introduction
Staking Sweat Economy can be a great option for those who want to hold SWEAT 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 Sweat Economy (SWEAT) Tokens
In order to stake Sweat Economy, you need to have it. To obtain Sweat Economy, you'll need to purchase it. You can choose from these popular exchanges.
2. Choose a Sweat Economy Wallet
Once you have SWEAT, you'll need to choose a Sweat Economy wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards Bitmart Sweat Economy (SWEAT) Up to 1% APY 3. Delegate Your SWEAT
We recommend using a staking pool when staking SWEAT. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their SWEAT, 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 Sweat Economy network. You'll be rewarded with SWEAT 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
Sweat Economy (SWEAT) is currently priced at $1 with a 24-hour trading volume of $5.82M. The market cap of Sweat Economy stands at $56.42M, with 7.68B SWEAT in circulation. For those looking to buy or trade Sweat Economy, Bitmart offers avenues to do so securely and efficiently}
- Market cap
- $56.42M
- 24h volume
- $5.82M
- Circulating supply
- 7.68B SWEAT