The crypto industry is evolving day by day, striving with technological standards to meet the needs of investors. The boom in cryptocurrencies increased the traction of people towards this unique medium of transaction with many confused about how to buy them. In this article, we’ll discuss how to buy Stader (SD); the native cryptocurrency of Stader, the most used staking solution platform.
Key Takeaways
- Stader is one of the largest liquid multichain staking solution platforms that enables users to stake their assets without locking them.
- The platform’s native token, SD is staked in the platform to earn rewards. It is also used as a governance token that allows the holders to participate in the decision-making process of the platform.
- The SD tokens can be bought from centralized crypto exchange platforms like Binance, Gate.io, and Bybit.
Stader (SD)
Stader is a multi-chain liquid staking platform that enables easy solutions for staking crypto. It is one of the largest non-custodial multichain staking solutions in decentralized finance, allowing users to deposit crypto tokens into liquid staking contracts, enabling them to earn staking rewards even while retaining the liquidity of the staked assets. It provides staking opportunities for proof-of-stake (PoS) networks like Ethereum, Hedera, BNB, and Polygon.
What is SD?
SD is the governance token of the Stader staking platform. The ERC-20 token enables holders to earn rewards while contributing to the liquidity pool mining. The coin has a total supply of 120 million tokens circulating among 23000+ holders.
Key Features of Stader (SD)
SD is the native token of the largest staking platform, Stader. The token holds numerous utilities and features.
1. Utility Token
The token is utilized to reward SD holders for their contributions to ETH decentralization through pool liquidity mining. Node operators working with ETHx are required to bond a minimum of 0.4 ETH worth of SD per validator.
2. Governance Token
SD token holders can participate in the governance of the Stader platform including protocol upgrades, reward policies, protocol expansion, validator selection, and more.
Stader (SD) Tokenomics
SD token has a total supply of 120 million of which 53.28 million are in circulation. The token has a market cap of $68.42 million and $8.48 million market volume at the time of writing. It had an all-time high of $9.39 in April 2022 and an all-time low of $0.2376 in October 2022. The coin is traded at a price of $1.29 at the time of writing.
The allocation of SD tokens is as follows,
| Allocated area | Allocated percentage |
| Team | 17% |
| Private and Strategic Sale | 17% |
| Rewards + Farming | 36% |
| DAO Fund | 15% |
| Ecosystem Fund | 11% |
| Public Sale | 4% |
How to Buy Stader (SD) Tokens?
SD tokens can be bought on centralized crypto exchanges and the buying process is simple. Below we provide a step-by-step guide for buying SD tokens.
1. Select a Trusted Crypto Exchange Platform
SD tokens are bought through crypto exchanges and a user must have an account to enable the buying. Before selecting the exchange platform analyze its features and policies including transaction fees, speed, security, currency support, etc. Always choose a reliable and trusted crypto exchange platform for a seamless trading experience.
2. Create Your Account
Once you select the exchange platform, create an account by filling out the necessary information. The information includes name, country of residence, email address, etc. Complete the signup process by adding a strong password.
3. Verify Your Account
It is mandatory to verify the account for utilizing the features of the platform, like transactions. The verification process includes completing the KYC (Know Your Customer) documents.
4. Transfer Funds To Your Account
To buy Stader tokens, an account must hold sufficient balance. A user can add funds to the account through credit/debit cards, other wallets, or buy from other exchanges.
5. Choose The Token To Buy
From the ‘buy and sell’ section choose the token you wish to buy. In this case, choose Stader.
6. Enter The Amount of Tokens You Wish To Buy
You can either enter the amount of tokens you intend to buy or the amount of currency for which you want to buy SD tokens.
7. Buy SD Tokens
After entering the amount, review the information entered and confirm the buy. The tokens get transferred to your exchange platform wallet. You can store it in the exchange platform itself or transfer it to your personal wallet.
Reliable Exchange Platforms for Buying Stader (SD)
As mentioned, users must choose reliable and trusted crypto exchange platforms for buying crypto. Choose the exchange platform that supports Stader to make a trade. The popular exchange platforms that support Stader include,
1. Gate.io
Gate.io is a highly secure crypto exchange platform where you can buy Stader tokens. The platform includes two-factor authentication, fingerprint login features, and KYC verification to ensure security. Low transaction fees, large crypto support, and an easy user interface are the key features of the platform.
2. Bybit
Bybit is a professional crypto exchange platform that offers secure, safe, and transparent crypto trading, making it an ideal platform for buying Stader. Low fees, advanced trading features, attractive referral bonuses, and high performance are the major advantages of trading on the Bybit platform.
3. Binance
Binance is one of the largest crypto exchange platforms, enabling secure, transparent, and reliable trade of cryptocurrencies. The platform supports a large number of cryptocurrencies and offers low-cost high-speed transactions.
Final Thoughts
Stader is one of the most trusted crypto-staking platforms that offers liquidity staking; users can stake their assets without locking them. The SD token acts as a utility and governance token, which can be staked to earn rewards as well as enable holders in decision-making within the Stader platform. Always choose a reliable crypto exchange platform for buying Stader tokens to avoid the risks of money laundering and other cyber threats.