How to Stake Shentu (CTK) in Australia

Introduction

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

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

   Platform	Coin	Cost
   Azbit	Shentu (CTK)	0.27
   BingX	Shentu (CTK)	0.27
   Bitmart	Shentu (CTK)	0.36
   Bitpanda	Shentu (CTK)	0.89
   Bybit	Shentu (CTK)	0.27
   CoinEx	Shentu (CTK)	0.27

   See all 11 prices

2. 2. Choose a Shentu Wallet

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

   Platform	Coin	Staking returns
   Chainode Tech	Shentu (CTK)	Up to 24.8% % p.a.
   MyCointainer	Shentu (CTK)	Up to 31.2% % p.a.
   Stakely.io	Shentu (CTK)	Up to 32.91% % p.a.
   Stakewolle	Shentu (CTK)	Up to 31.25% % p.a.

   View all 9 staking rewards

3. 3. Delegate Your CTK

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