How to Stake Hololoot (HOL) in Australia

Introduction

Staking Hololoot can be a great option for those who want to hold HOL 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 Hololoot (HOL) Tokens

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

2. 2. Choose a Hololoot Wallet

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

   Platform	Coin	Staking returns
   MyCointainer	Hololoot (HOL)	Up to 16% % p.a.

3. 3. Delegate Your HOL

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