How to Stake Sommelier (SOMM): A Comprehensive Guide for Italian Investors

Introduction

Staking Sommelier can be an excellent choice for those looking to hold SOMM 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. Acquire Sommelier (SOMM) Tokens
To stake Sommelier, you must first acquire it. To obtain Sommelier, you'll need to buy it. You can select from these well-known exchanges available in Italy.
Piattaforma Criptovaluta Value
CoinEx Sommelier (SOMM) 0 APY
Gate.io Sommelier (SOMM) 0,000991 APY
Check out all 4 prices
2. Select a Sommelier Wallet
Once you have SOMM, you'll need to select a Sommelier wallet to securely store your tokens. Here are some excellent options tailored for the Italian market.
Piattaforma Criptovaluta Staking rewards
Everstake Sommelier (SOMM) Up to 2,66% APY
Stakewolle Sommelier (SOMM) Up to 10,3% APY
Discover all 4 staking rewards available to you
3. Delegate Your SOMM
We recommend using a staking pool when staking SOMM. It's more straightforward and quicker to get started. A staking pool is a collective of validators who pool their SOMM, enhancing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
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 Sommelier network. For these validations, you'll receive rewards in SOMM.

Piattaforma	Criptovaluta	Value
CoinEx	Sommelier (SOMM)	0 APY
Gate.io	Sommelier (SOMM)	0,000991 APY

Piattaforma	Criptovaluta	Staking rewards
Everstake	Sommelier (SOMM)	Up to 2,66% APY
Stakewolle	Sommelier (SOMM)	Up to 10,3% APY

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.