Introduction

Staking Galeon can be an excellent choice for those 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've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire Galeon (GALEON) Tokens

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

   Plattform	Kryptowährung	Price
   Bitmart	Galeon (GALEON)	0,02 APY
   MEXC Global	Galeon (GALEON)	0,01 APY

2. 2. Select a Galeon Wallet

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

3. 3. Delegate Your GALEON

   We recommend using a staking pool when staking GALEON. It's simpler and faster to get started. A staking pool is a collective of validators who pool their GALEON, 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 Galeon network. For these validations, you will be rewarded with GALEON.

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.