How to Stake e-Money (NGM) in Australia

Introduction

Staking e-Money can be a great option for those who want to hold NGM 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 e-Money (NGM) Tokens

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

2. 2. Choose a e-Money Wallet

   Once you have NGM, you'll need to choose a e-Money wallet to store your tokens. Here are some great options.

   Platform	Coin	Staking returns
   Stakewolle	e-Money (NGM)	Up to 29.45% % p.a.

3. 3. Delegate Your NGM

   We recommend using a staking pool when staking NGM. It's simpler and quicker to get started. A staking pool is a group of validators who combine their NGM, 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 e-Money network. You'll be rewarded with NGM 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.