How to Stake Sommelier (SOMM) in India

Introduction

Staking Sommelier can be an excellent choice for those looking to hold SOMM while earning returns in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.

Step-by-Step Guide for Indian Investors

1. 1. Acquire Sommelier (SOMM) Tokens in India

   To stake Sommelier, you first need to acquire it. To obtain Sommelier, you will have to purchase it from a cryptocurrency exchange. You can select from these popular platforms available in India.

   Platform	Coin	Cost
   CoinEx	Sommelier (SOMM)	0
   Gate.io	Sommelier (SOMM)	0.000991

   See all 4 rates

2. 2. Choose a Sommelier Wallet in India

   Once you have SOMM, you'll need to choose a Sommelier wallet to securely store your tokens. Here are some reliable options available in India.

   Platform	Coin	Staking rewards in India
   Everstake	Sommelier (SOMM)	Up to 2.66% APY
   Stakewolle	Sommelier (SOMM)	Up to 10.3% APY

   View all 4 staking rewards available in India

3. 3. Delegate Your SOMM in India

   We recommend using a staking pool when staking SOMM. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their SOMM, increasing their chances of validating transactions and earning rewards. You can easily 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's confirmed, you will automatically validate transactions on the Sommelier network. For these validations, you will be rewarded with SOMM.

What to Keep in Mind

When engaging in staking, it's important to factor in transaction fees and staking pool charges. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time to accomplish.