Staking Solana

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You can buy and Stake SOL with Bitbuy.

To get started, simply visit the “Staking” page once you are logged in, and click Stake beside Solana.

SOL is the native token of the Solana network (the “Solana Network”). The Solana Network is an open-source, smart-contract platform. The Solana Network was designed to offer faster transaction settlement times, lower fees and the ability to support high-usage decentralized applications (“dapps”) in multiple programming languages.

SOL has three main functions in the Solana Network. Namely, it can be: (i) staked or delegated using the network’s delegated proof-of-stake (DPoS) protocol to facilitate the validation of transactions and the earning of rewards; (ii) used to pay transactions fees associated with transactions on the network; and (iii) used to access the dapps and smart contracts available via the network

To learn more about Solana, view our Crypto Asset statement.

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