Introduction

Staking Onomy Protocol can be a great option for those who want to hold NOM 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 Onomy Protocol (NOM) Tokens

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

   Platform	Coin	Cost
   BingX	Onomy Protocol (NOM)	0.03
   Kucoin	Onomy Protocol (NOM)	0.01

2. 2. Choose a Onomy Protocol Wallet

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

3. 3. Delegate Your NOM

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