Stader is a non-custodial, smart contract-based staking platform that helps retail and institutions conveniently discover and access staking solutions. In addition to its own platform, Stader’s modular smart contracts and staking middleware infrastructure for Proof-of-Stake (PoS) networks can be leveraged for retail crypto users, exchanges, custodians, and mainstream FinTech players
About Fantom
Fantom is a fast, scalable, and secure layer-1 EVM-compatible platform built on a permissionless aBFT consensus protocol. Speed, low transaction costs, and high throughput make Fantom ideal for DeFi applications and real-world use-cases.
Stader's liquid staking solution helps to increase network decentralization by spreading stake among more validators. For users facing complexity in managing their delegations and discovering new validators, the staking solution greatly simplify this process. Before the launch of this project, to secure passive income on Fantom, users have had to choose between staking or seeking out earnings opportunities in Fantom DeFi. But by collateralizing their holdings through liquid staking, users can draw upon the value of FTM to simultaneously do both. Our solution allows users to stake FTM and get a fungible liquid token(sFTMX) back that shows their claim to the underlying staked assets. The sFTMX token can be leveraged on the multiple Defi opportunities.
How to Buy SFTMX on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing SFTMX. Some reputable platforms include MEXC、KuCoin、BingX, and others.
Step 2: Register an Account
Here, we'll register an account on the KuCoin(registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing SFTMX.
Step 5: Purchase SFTMX
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of SFTMX you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy SFTMX.
Step 6: Store Your SFTMX
After purchasing, you can choose to store your SFTMX in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and SFTMX assets, be sure to use a strong password and enable two-factor authentication.
SFTMX Price:Stader is constructing the essential staking middleware infrastructure layer for various PoS networks, which will facilitate the staking-related opportunities mentioned above while addressing the primary challenges. We are adopting an extremely modular approach to develop our contracts, allowing third parties to utilize our components to build multiple staking solutions on top of it.The price fluctuates daily, you can go to the exchange: KuCoin to check the price.
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