How to Stake Gains Network (GNS) in Australia

Introduction

Staking Gains Network can be a great option for those who want to hold GNS 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 Gains Network (GNS) Tokens

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

   Platform	Coin	Cost
   Binance	Gains Network (GNS)	1.01
   Uphold	Gains Network (GNS)	1.19
   Azbit	Gains Network (GNS)	0
   BingX	Gains Network (GNS)	1.01
   Bitget	Gains Network (GNS)	1.01
   Bitmart	Gains Network (GNS)	1.01

   See all 27 prices

2. 2. Choose a Gains Network Wallet

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

   Platform	Coin	Staking returns
   Binance	Gains Network (GNS)	Up to 0.5% % p.a.

3. 3. Delegate Your GNS

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