How to Stake Sweat Economy (SWEAT) in Australia

Introduction

Staking Sweat Economy can be a great option for those who want to hold SWEAT 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 Sweat Economy (SWEAT) Tokens

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

   Platform	Coin	Cost
   Nexo	Sweat Economy (SWEAT)	0
   Kraken	Sweat Economy (SWEAT)	0
   OKX	Sweat Economy (SWEAT)	0.01
   Uphold	Sweat Economy (SWEAT)	0
   BingX	Sweat Economy (SWEAT)	0
   Bitfinex	Sweat Economy (SWEAT)	0

   See all 29 prices

2. 2. Choose a Sweat Economy Wallet

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

   Platform	Coin	Staking returns
   Bitmart	Sweat Economy (SWEAT)	Up to 1% % p.a.

3. 3. Delegate Your SWEAT

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