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Staking Onomy Protocol can be an excellent choice for those looking to hold NOM 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.
To stake Onomy Protocol, you first need to acquire it. To obtain Onomy Protocol, you'll need to purchase it. You can choose from these well-known exchanges available in Germany.
| Plattform | Kryptowährung | Price |
|---|---|---|
| BingX | Onomy Protocol (NOM) | 0,03 APY |
| Kucoin | Onomy Protocol (NOM) | 0,01 APY |
Once you have NOM, you'll need to select a Onomy Protocol wallet to securely store your tokens. Here are some solid options to consider.
We recommend using a staking pool when staking NOM. It's simpler and faster to get started. A staking pool is a collective of validators who pool their NOM, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
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 Onomy Protocol network. For these validations, you will be rewarded with NOM.
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.
