Introduction

Staking Gems can be an excellent option for those who wish to hold GEM 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 Gems (GEM) Tokens

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

2. 2. Choose a Gems Wallet

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

3. 3. Delegate Your GEM

   We recommend using a staking pool when staking GEM. It's simpler and quicker to get started. A staking pool is a group of validators who combine their GEM, 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 Gems network. You will be rewarded with GEM 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.