Introduction

Staking Galeon can be an excellent choice for individuals looking to hold GALEON while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-time users. That's why we have created this comprehensive guide to assist you.

Step-by-Step Guide

1. 1. Acquire Galeon (GALEON) Tokens

   To stake Galeon, you first need to acquire it. To obtain Galeon, you can purchase it from these well-known exchanges.

   Platform	Coin	Price
   Bitmart	Galeon (GALEON)	0.02 APY
   MEXC Global	Galeon (GALEON)	0.01 APY

2. 2. Select a Galeon Wallet for Your Needs

   Once you have GALEON, you'll need to select a Galeon wallet to securely store your tokens. Here are some excellent options to consider.

3. 3. Delegate Your GALEON for Enhanced Returns

   We recommend utilizing a staking pool when staking GALEON. It is more straightforward and quicker to get started. A staking pool consists of a collective of validators who pool their GALEON, enhancing their chances of validating transactions and earning rewards. You can easily manage this through your wallet's interface.

4. 4. Begin Verification

   You will need to wait for your deposit to be confirmed by your wallet. Once it is confirmed, you will automatically validate transactions on the Galeon network. For these validations, you will be rewarded with GALEON.

What to Consider in the Chinese Market

When engaging in transactions and participating in staking pools, it's important to factor in the associated fees. Additionally, there may be a waiting period before you begin to receive rewards. The staking pool must successfully generate blocks, which can require some time to accomplish.