How to Stake Hololoot (HOL)

Introduction

Staking Hololoot can be an excellent choice for those looking to hold HOL while earning APY in a secure manner and supporting the network. The process may seem a bit intimidating, particularly for first-timers. That’s why we’ve created this guide to assist you.

Step-by-Step Guide for Italian Investors

1. 1. Acquire Hololoot (HOL) Tokens

   To stake Hololoot, you must first acquire it. To obtain Hololoot, you'll need to buy it. You can select from these well-known exchanges available in Italy.

2. 2. Select a Hololoot Wallet

   Once you have HOL, you'll need to select a Hololoot wallet to securely store your tokens. Here are some excellent options tailored for the Italian market.

   Piattaforma	Criptovaluta	Staking rewards
   MyCointainer	Hololoot (HOL)	Up to 16% APY

3. 3. Delegate Your HOL

   We recommend using a staking pool when staking HOL. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their HOL, enhancing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Begin the Validation Process

   You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Hololoot network. For these validations, you'll receive rewards in HOL.

What to Consider in Italy

When engaging in staking, it's important to factor in the transaction and staking pool fees. Additionally, you may encounter a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time.