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How to Stake ICP

How to Stake ICP

by James Enajite
October 14, 2022
in Education, Global, Wallet
Reading Time: 2 mins read
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The Klever Wallet offers several options for earning passive income, and we make sure our users are well informed about these.

Anyone with a mobile device can simply access these opportunities by first creating a Klever Wallet and looking out for the staking opportunities within the wallet.

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What is an ICP token?

Internet Computer Protocol tokens (ICP tokens) are native utility tokens with a value determined by the open market. The developers of the ICP tokens created the token to play a key role in both the governance and the economics of the Internet Computer.

How to stake ICP tokens?

To stake ICP tokens, you must create a neuron on the ICP blockchain and lock your tokens inside the neuron. You can stake ICP tokens inside Klever Wallet as follows:

Step 1: Tap on ICP token from your Portfolio screen. Then, tap on the STAKING icon and input your PIN code or use Biometrics to enter the staking screen.

Step 2: Tap on the Create Neuron button. Then, input the amount of ICP tokens you want to stake and tap on the NEXT button. In the next screen you will see a summary of the process, tap on the Submit Transaction button to proceed. Note, the minimum amount to stake is 1 ICP.

Step 3: Input your PIN code or use Biometrics to sign the staking transaction. Once done, you can tap on the STAKING icon again to display your neuron with ICP tokens locked inside. If it happens that you do not see your neuron inside the staking screen, then you must claim it manually

The Klever Wallet is extremely easy and intuitive to use and would ensure that our users have the best experience as they invest their funds on a platform that is built with security and efficiency as a priority.

Tags: klever walletstake ICPwallet
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James Enajite

James Enajite

A passionate lover of crypto and mankind with an active mind to create content to educate everyone within my sphere of influence. An entrepreneur with an open heart to accommodate young aspiring individuals to achieve their best in a global space.

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