How to Stake IXO (IXO) in Australia

Introduction

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

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

2. 2. Choose a IXO Wallet

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

   Platform	Coin	Staking returns
   Stakewolle	IXO (IXO)	Up to 38.05% p.a.

3. 3. Delegate Your IXO

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