3/17/2023 0 Comments Ledger live stakingDOT Price and Staking StatsĭOT has been among the best price performers as of late. Ledger spokesperson told CryptoPotato that the integration will be fully live starting from March 4th, 2021. “Polkadot is one of the most promising projects in the entire crypto ecosystem, and we are happy to provide our users with additional options to earn rewards and participate in the expanding Polkadot ecosystem.” – commented Head of Coin Integration at Ledger – Fabrice Dautriat. The installing process will be simplified as users need to install a designated Polkadot app on their respective devices, create a DOT account on Ledger Live, add the token to the bounded balance, nominate a validator, and confirm the information. ![]() According to the announcement, the mobile application “offers the most secure way to manage and stake DOT tokens as the private keys are stored on a dedicated hardware device that is not connected to the Internet.” ![]() Polkadot’s native digital asset – DOT – will become just the fifth coin that Ledger Live users can deploy for staking. Apart from storing crypto assets, Ledger Live also enables users to follow and manage the holdings even if the wallet is nowhere nearby. The statement reads that the wallet provider will support Polkadot in its software application and will add it to Ledger Live – the mobile application working in parallel to the Ledger hardware wallet. In a press release shared with CryptoPotato, the company announced plans to add another blockchain project with its own cryptocurrency to the Ledger ecosystem – Polkadot (DOT). ![]() Ledger Adds Polkadot and DOT Stakingįounded in 2014, Ledger is a digital asset wallet provider describing itself as the “global leader in security and infrastructure solutions for safeguarding critical” cryptocurrencies. Additionally, Ledger will also enable users to stake DOT coins directly on the platform, thus increasing the total number of staking options to five. The popular hardware wallet provider, Ledger, will add Polkadot to its wide variety of supported tokens as of March 4th.
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