Introduction

Staking The Knowers can be an excellent choice for those looking to hold KNOW 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 The Knowers (KNOW) Tokens

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

2. 2. Select a The Knowers Wallet

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

3. 3. Delegate Your KNOW

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

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.