How to Stake SafeCoin ($SAFE)

This guide contains detailed steps on how you can stake your SAFE coins and earn rewards.

SafeCoin is a Proof-of-Stake-based blockchain network that offers fast and secure transactions. SafeCoin is a community version of Solana and therefore shares a lot of technologies with Solana. So do both platforms support building crypto applications that can scale. Solana and SafeCoin share a new consensus method called Proof of History (PoH) to verify transactions that help it to process 65k+ transactions per second. The SafeCoin platform has a native Coin named SAFE that is used to pay the network transaction fee.

Supported Wallets

SafeCoin web wallet

Creating a wallet

This wallet is only used for educational purposes; don’t send any funds to it or import it as anyone can get access to it.

Transferring SAFE

SafeStake

Creating a stake account

Delegating your stake

Rewards

Undelegate and Withdraw

Conclusion

Hi I am Martin, I am a student form the Netherlands who loves to talk and write about Crypto.