How to Stake COMDEX (CMDX) in Australia

Introduction

Staking COMDEX can be a great option for those who want to hold CMDX while earning yield safely and contributing to the network. The steps may seem daunting, especially the first time you attempt them. That's why we've created this guide for you.

Step-by-Step Guide

1. 1. Obtain COMDEX (CMDX) Tokens

   To stake COMDEX, you need to own it. To obtain COMDEX, you'll need to buy it. You can choose from these popular exchanges.

2. 2. Choose a COMDEX Wallet

   Once you have CMDX, you'll need to choose a COMDEX wallet to store your tokens. Here are some great options.

   Platform	Coin	Staking returns
   Stakewolle	COMDEX (CMDX)	Up to 37.24% % p.a.
   Stakin	COMDEX (CMDX)	Up to 15% % p.a.
   Valid Blocks	COMDEX (CMDX)	Up to 35% % p.a.

   View all 6 staking rewards

3. 3. Delegate Your CMDX

   We recommend using a staking pool when staking CMDX. It's simpler and quicker to get started. A staking pool is a group of validators who combine their CMDX, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 4. Begin Validation

   You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the COMDEX network. You'll be rewarded with CMDX for these validations.

What to Be Aware Of

There are transaction and staking pool fees to consider. Additionally, there may be a waiting period before you start earning rewards. The staking pool needs to generate blocks, which can take some time.