If you own Quant, are thinking about buying Quant or are just interested in “what is Quant staking?” Then we’ve got you covered. This easy to follow guide will get you started on staking Quant in no time.
As an introduction, staking is a process of confirming transactions on a blockchain. This is like mining but does not require as much computing power.
Whereas with a proof of work algorithms, miners confirm the validity of transactions, in a proof of stake version, it’s done by people who lock up a certain amount of the cryptocurrency in the protocol.
To stake Quant it’s easy. We stake ours on CoinMetro.
Unlike Ethereum staking rewards which require 32 ETH, with Quant staking on CoinMetro you don’t need a minimum amount to start.
Earn 2.5-5% on the amount of Quant deposited. The higher the amount deposited, the higher the returns.
How to stake Quant?
All you need to do is deposit Quant to your CoinMetro account. There’s no need to lock anything or opt-in, simply deposit QNT into your main wallet and you start earning Quant staking rewards.
Don’t have any Quant? Don’t worry, buy it on CoinMetro.
For an easy to follow guide on buying Quant on CoinMetro, then check out this link. We have provided a step by step walkthrough on how we buy ours.
When Quant is received in your wallet, this will start the accrual staking rewards. The rewards accrue daily and are paid out every month into your account.
The Quant staking rewards are paid in XCM (the native token of the exchange).
Locking in XCM has a huge range of benefits on the platform read more about this here.
The rewards will be visible in the “Transaction History” on your CoinMetro dashboard, showing as a pending bonus.
Currently, QNT holders will be paid at a fixed rate of 2.5% per year.
Want to level up to 5% per year, then lock into one of the higher rebate tiers by buying and locking up XCM (10k of XCM minimum is required to access the 5%). A tier can be left at any time without impacting the accrued rewards.
QNT can be deposited and withdrawn at any time.
What is Quant?
Quant Network is a blockchain technology company looking to achieve universal interoperability between blockchains using its Overledger OS blockchain operating system.
Start staking Quant, today!
CoinMetro has first-mover status on Quant staking. For some super-easy passive income on your Quant, then this is a great opportunity to accrue some risk-free gains.
Sign up using our referral link and get 5 Euros free in crypto when you deposit 50 Euros of any asset and have a trading volume of 250 Euros.
Leave some comments below of your experiences of staking Quant on CoinMetro – we’d love to get some feedback from coinesper.com readers.