How to Stake Gemie (gem) in Australia

Introduction

Staking Gemie can be a great option for those who want to hold gem 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 Gemie (gem) Tokens

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

2. 2. Choose a Gemie Wallet

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

   Platform	Coin	Staking returns
   MyCointainer	Gemie (gem)	Up to 10.74% % p.a.

3. 3. Delegate Your gem

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