How to Stake Hololoot (HOL) in the UK

Introduction

Staking Hololoot can be an excellent option for those who wish to hold HOL 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 Hololoot (HOL) Tokens

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

2. 2. Choose a Hololoot Wallet

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

   Platform	Coin	Staking rewards
   MyCointainer	Hololoot (HOL)	Up to 16% AER

3. 3. Delegate Your HOL

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