Question 1

What exactly is the process of staking coins in a blockchain network?

Accepted Answer

Staking coins refers to the process of participating in a Proof-of-Stake (PoS) or similar consensus mechanism by holding and locking up a certain amount of the network's native cryptocurrency in a wallet to support network operations like block validation and transaction processing. This process can earn stakers rewards, typically in the form of additional tokens.

Question 2

How can I identify a promising staking crypto?

Accepted Answer

Identifying a promising staking crypto involves assessing several factors. Firstly, consider the project's technological innovation and stability. This includes its consensus mechanism, security measures, and scalability. Then, assess the community support and the team behind the project. Look at market performance, staking rewards, and understand the terms and conditions for staking. For instance, projects like Cardano, NEAR Protocol, and Flow are known for their staking mechanisms. However, always do your own thorough research before making any decision.

Question 3

What are the potential risks of staking tokens?

Accepted Answer

While staking tokens can provide potential rewards, it also comes with certain risks. The value of your staked tokens can fluctuate based on market conditions, which means you could see the value of your stake decrease. Also, some networks enforce a 'slashing' condition where a portion of staked tokens are removed if protocol rules aren't adhered to. Lastly, staked tokens are often locked for a certain period, reducing your immediate access to them and impacting liquidity. Therefore, it's crucial to understand the terms of staking and the network's protocol before you decide to stake your tokens.

#	Name	Price	1h %	24h %	7d %	Market Cap	Volume(24h)	Circulating Supply
4412	THORSwap THOR	$0.23	0.11%	1.57%	8.87%	$40.85M$40,851,996	$39,246 170,613 THOR	177,593,016 THOR
4801	KeyOfLife Multichain Store Of Value KOL	$1.14	0.01%	0.93%	4.18%	$2.22M$2,219,963	$22,073 19,386 KOL	1,949,741 KOL
4818	TosDis DIS	$1.68	0.01%	1.85%	16.17%	--	$21,688 12,930 DIS	0 DIS
5024	Spherium SPHRI	$0.005338	0.43%	8.83%	20.21%	--	$14,913 2,793,663 SPHRI	0 SPHRI
5373	pSTAKE Staked XPRT STKXPRT	$0.2381	0.02%	0.49%	5.66%	--	$9,033 37,936 STKXPRT	--
5783	Vulture Peak VPK	$0.07188	0.00%	2.48%	6.38%	$279,036.17$279,036	$3,734 51,944 VPK	3,881,743 VPK
5909	ETH Trust Fund ETF	$0.0009443	0.00%	3.38%	6.16%	$78,375.72$78,376	$2,855 3,023,812 ETF	83,000,000 ETF
6405	Convergence CVG	$0.232	0.00%	7.67%	3.01%	$211,578.9$211,579	$1,018 4,390 CVG	912,040 CVG
6424	RadioShack RADIO	$0.0004646	1.35%	5.24%	13.06%	--	$995 2,141,634 RADIO	--
6904	Metarun MRUN	$0.0008808	0.82%	0.82%	4.07%	$310,459.69$310,460	$297 336,961 MRUN	352,480,898 MRUN
	SpintopSPIN	$0.01
	A51 FinanceA51	$0.18
	CapCAP	$12.11
	8Bit ChainW8BIT	$0.00
	DigitalNoteXDN	$0.00
	SaluSSLS	$5.42
	DeepOnionONION	$0.04
	FantasyGoldFGC	$0.00
	LightyearsYEAR	$0.04
	DogiraDOGIRA	$0.00
	FantomPADFPAD	$0.00
	Staked USDTSTUSDT	$1.00
	ATLAZAAZ	$562.78
	NexusNXS	$--
	Matka CoinMAT	$--
	EXMR FDNEXMR	$--
	Maximine CoinMXM	$--
	ZloadrZDR	$--
	Netbox CoinNBX	$--
	Dev ProtocolDEV	$--
	PeerExPERX	$--
	Defi Shopping StakeDSS	$--
	ETG FinanceETGF	$--
	Tadpole FinanceTAD	$--
	Delphi Chain LinkDCL	$--
	FEG Token [OLD]FEG	$--
	CafeSwap TokenBREW	$--
	The SmokehouseSMOKE	$--
	Kimochi FinanceKIMOCHI	$--
	StakerDAOSTKR	$--
	SavixSVX	$--
	DAINDAIN	$--
	Icarus FinanceICA	$--
	Crypto KombatKOMBAT	$--
	Valkyrie NetworkVAL	$--
	SwinateSWIN	$--
	TradeStarsTSX	$--
	EQOEQO	$--
	Prism NetworkPRISM	$--
	Fenix FinanceFENIX	$--
	Whale FallWhale	$--
	BiSharesBISON	$--
	xRNBW (HaloDAO)XRNBW	$--
	EloinELOIN	$--
	Duel NetworkDUEL	$--
	Unity ProtocolUNITY	$--
	DFSocial GamingDFSG	$--
	BrandPad FinanceBRAND	$--
	SwapTrackerSWPT	$--
	OuroOGS	$--
	Dragon VerseDRV	$--
	0xPAD0XPAD	$--
	MetaRuffyMR	$--
	Metavault DAOMVD	$--
	Beaver FinanceBVER	$--
	AradenaAG	$--
	LiNEAR ProtocolLINEAR	$--
	Axelar Wrapped wstETHAXL-WSTETH	$--

Top Staking Tokens by Market Capitalization