How to Stake Sweat Economy (SWEAT)

Introduction

Staking Sweat Economy can be an excellent choice for those looking to hold SWEAT 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 Sweat Economy (SWEAT) Tokens

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

   Plattform	Kryptowährung	Price
   Nexo	Sweat Economy (SWEAT)	0 APY
   Kraken	Sweat Economy (SWEAT)	0 APY
   OKX	Sweat Economy (SWEAT)	0,01 APY
   Uphold	Sweat Economy (SWEAT)	0 APY
   BingX	Sweat Economy (SWEAT)	0 APY
   Bitfinex	Sweat Economy (SWEAT)	0 APY

   View all 29 prices

2. 2. Select a Sweat Economy Wallet

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

   Plattform	Kryptowährung	Staking rewards
   Bitmart	Sweat Economy (SWEAT)	Up to 1 % APY

3. 3. Delegate Your SWEAT

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

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.