How to Stake Homer (SIMPSON) in the UK

Introduction

Staking Homer can be an excellent option for those who wish to hold SIMPSON 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 Homer (SIMPSON) Tokens

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

   Platform	Coin	Price
   Bitmart	Homer (SIMPSON)	0
   MEXC Global	Homer (SIMPSON)	0

   View all 5 prices

2. 2. Choose a Homer Wallet

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

   Platform	Coin	Staking rewards
   Bitmart	Homer (SIMPSON)	Up to 0.5% AER

3. 3. Delegate Your SIMPSON

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