Introduction
Staking GMT can be an excellent choice for those looking to hold GMT 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. Acquire GMT (GMT) Tokens
To stake GMT, you first need to acquire it. To obtain GMT, you'll need to purchase it. You can choose from these well-known exchanges available in Germany.
2. Select a GMT Wallet
Once you have GMT, you'll need to select a GMT wallet to securely store your tokens. Here are some solid options to consider.
3. Delegate Your GMT
We recommend using a staking pool when staking GMT. It's simpler and faster to get started. A staking pool is a collective of validators who pool their GMT, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
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 GMT network. For these validations, you will be rewarded with GMT.
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.
Recent Developments
- Market capitalization
- US$379.33M
- 24h Handelsvolumen
- US$105.93M
- Circulating supply
- 2,69B GMT
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