Introduction
Staking FairERC20 can be an excellent choice for those looking to hold FERC while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.
Step-by-Step Guide for Spain 1
1. Acquire FairERC20 (FERC) Tokens
To stake FairERC20, you first need to acquire it. To obtain FairERC20, you'll have to buy it. You can select from these well-known exchanges.
Plataforma Cripto Price Gate.io FairERC20 (FERC) 0,01 APY 2. Select a FairERC20 Wallet
Once you have FERC, you'll need to choose a FairERC20 wallet to securely store your tokens. Here are some solid options to consider.
3. Delegate Your FERC
We recommend using a staking pool when staking FERC. It's simpler and faster to get started. A staking pool is a group of validators who combine their FERC, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
4. Start Validating
You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the FairERC20 network. You'll be rewarded with FERC for these validations.
What to Keep in Mind
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 will need to generate blocks, and this process can take some time.
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