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Maximize Your Crypto Earnings with Ontology Staking

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Passive Income: Crypto Earnings Made Simple

Passive income enables you to earn regularly without actively trading or monitoring investments. Staking crypto is a powerful, low-risk strategy to generate steady returns by securely holding your digital assets.

What is Staking?

Staking is the process of locking up cryptocurrency tokens to support the security and operations of a blockchain network. By staking tokens, you participate in validating transactions and maintaining network integrity. This participation is vital for Proof-of-Stake (PoS) blockchains like Ontology, where the security and consensus are maintained through stakers rather than miners.

In exchange for staking your crypto assets, you earn rewards, typically in the form of additional tokens, which serves as an incentive to continue supporting the network.

Ontology Staking: Secure, Rewarding, and Accessible

Ontology is a decentralized blockchain focused on digital identity, data security, and trusted collaboration. Staking ONT tokens is crucial to the network’s stability and security. Ontology operates on a unique dual-token model featuring two tokens: ONT and ONG.

The Two-Token Model:

  • ONT (Ontology Token): Used primarily for staking and governance purposes.
  • ONG (Ontology Gas): Generated from staking ONT and used to pay transaction fees, smart contract execution, and other network interactions.

Benefits of Staking ONT:

  • Regular Rewards: Consistently earn ONG tokens as rewards for staking ONT.
  • Network Contribution: Directly support the decentralization and security of Ontology.
  • Enhanced Security: Stake securely through the official ONTO Wallet.

How to Stake ONT via ONTO Wallet

Step-by-Step Guide:

For a comprehensive walkthrough, visit the official ONTO Wallet staking guide.

Step 1: Set Up ONTO Wallet

Step 2: Deposit ONT and ONG

  • Transfer ONT tokens into your ONTO Wallet from exchanges or other wallets.
  • Ensure you have a small amount of ONG in your wallet to pay for transaction (gas) fees. ONG can also be purchased from various exchanges.

Step 3: Access Staking

  • Open the ONTO Wallet app and tap on Discovery.
  • Select the Staking option to access the Ontology staking dashboard.

Step 4: Choose a Node

When selecting a node, consider the following factors:

  • Node Reputation: Choose nodes with a reliable performance history and good uptime.
  • Staking Rewards: Evaluate nodes by comparing their ONG reward rates.
  • Node Fees: Opt for nodes with reasonable commission rates to maximize your returns.
  • Community Feedback: Nodes with positive reviews and active engagement can be reliable choices.

Find detailed node information at node.ont.io.

Step 5: Stake ONT

  • Enter the amount of ONT you wish to stake.
  • Confirm and authorize the staking transaction within your ONTO Wallet.

Step 6: Claim and Manage Rewards

  • Regularly visit your ONTO Wallet to monitor and claim your accumulated ONG rewards.
  • Rewards can be claimed and managed directly within the wallet interface.

Step 7: Unstaking (If Required)

  • To unstake tokens, initiate an unstaking transaction through ONTO Wallet.
  • The unstaking period varies based on node type:
  • Consensus Nodes: Tokens unlock after approximately 4–6 weeks (two consensus rounds).
  • Candidate Nodes: Tokens unlock after approximately 2–3 weeks (one consensus round).

Need More Help?

Join our official Ontology Telegram Group for live support, community discussions, and up-to-date news about Ontology staking.

Useful Resources

Start earning passive rewards today by staking your ONT tokens securely and conveniently through ONTO Wallet, and actively support Ontology’s robust blockchain ecosystem!