Introduction

Staking GMT can be an excellent choice for those looking to hold GMT while earning APY 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 to assist you.

Step-by-Step Guide for South Korea's Financial Landscape 1

1. 1. Acquire GMT (GMT) Tokens

   To stake GMT, you first need to acquire it. To obtain GMT, you'll need to purchase it from a cryptocurrency exchange. You can choose from these popular platforms available in South Korea.

   플랫폼	코인	Price
   Nexo	GMT (GMT)	0.04 APY
   PrimeXBT	GMT (GMT)	0.04 APY
   YouHodler	GMT (GMT)	0.04 APY
   Kraken	GMT (GMT)	0.04 APY
   OKX	GMT (GMT)	0.04 APY
   Binance	GMT (GMT)	0.04 APY

   Check out all 49 prices

2. 2. Select a GMT Wallet

   Once you have GMT, you'll need to select a GMT wallet to securely store your tokens. Here are some recommended options that are popular among Korean users.

3. 3. Delegate Your GMT in South Korea

   We recommend using a staking pool when staking GMT. It’s more convenient and quicker to get started. A staking pool consists of a group of validators who combine their GMT, increasing their chances of validating transactions and earning rewards. You can easily manage 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 GMT network. For these validations, you will be rewarded with GMT.

What to Keep in Mind

You should be aware of the transaction and staking pool fees that apply. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time in the process.