Introduction
Staking Galeon can be a great option for those who want to hold GALEON 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. Obtain Galeon (GALEON) Tokens
To stake Galeon, you need to own it. To obtain Galeon, you'll need to buy it. You can choose from these popular exchanges.
Platform Coin Cost Bitmart Galeon (GALEON) 0.02 MEXC Global Galeon (GALEON) 0.01 2. Choose a Galeon Wallet
Once you have GALEON, you'll need to choose a Galeon wallet to store your tokens. Here are some great options.
3. Delegate Your GALEON
We recommend using a staking pool when staking GALEON. It's simpler and quicker to get started. A staking pool is a group of validators who combine their GALEON, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
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 Galeon network. You'll be rewarded with GALEON 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.
Latest Movements
- Market capitalisation
- USDĀ 22.51M
- 24-hour volume
- USDĀ 323,265
- Circulating supply
- 718.69M GALEON
