How to Stake Gains Network (GNS) in the UK

Introduction

Staking Gains Network can be an excellent option for those who wish to hold GNS while earning AER in a secure manner and contributing to the network. The process may seem a bit overwhelming, particularly the first time you undertake it. That's why we've compiled this guide for you.

Step-by-Step Guide

1. 1. Obtain Gains Network (GNS) Tokens

   To stake Gains Network, you need to possess it. To obtain Gains Network, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Binance	Gains Network (GNS)	1.27
   Uphold	Gains Network (GNS)	1.19
   Azbit	Gains Network (GNS)	0
   BingX	Gains Network (GNS)	1.27
   Bitget	Gains Network (GNS)	1.27
   Bitmart	Gains Network (GNS)	1.27

   View all 27 prices

2. 2. Choose a Gains Network Wallet

   Once you have GNS, you'll need to choose a Gains Network wallet to store your tokens. Here are some suitable options.

   Platform	Coin	Staking rewards
   Binance	Gains Network (GNS)	Up to 0.5% AER

3. 3. Delegate Your GNS

   We recommend using a staking pool when staking GNS. It's simpler and quicker to get started. A staking pool is a group of validators who combine their GNS, which increases their chances of validating transactions and earning rewards. You can do 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 is confirmed, you will automatically validate transactions on the Gains Network network. You will be rewarded with GNS for these validations.

What to Be Aware Of

There are transaction and staking pool fees you need to consider. There may also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.