Introduction

Staking Firmachain can be an excellent choice for those looking to hold FCT 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've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire Firmachain (FCT) Tokens

   To stake Firmachain, you first need to acquire it. To obtain Firmachain, you'll need to purchase it. You can choose from these well-known exchanges available in Germany.

   Plattform	Kryptowährung	Price
   LBank	Firmachain (FCT)	0 APY

2. 2. Select a Firmachain Wallet

   Once you have FCT, you'll need to select a Firmachain wallet to securely store your tokens. Here are some solid options to consider.

3. 3. Delegate Your FCT

   We recommend using a staking pool when staking FCT. It's simpler and faster to get started. A staking pool is a collective of validators who pool their FCT, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Start Validating

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

What to Consider

There are transaction and staking pool fees you need to consider. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, and this process can take some time.