Introduction

Staking Onomy Protocol can be an excellent choice for those looking to hold NOM 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 Onomy Protocol (NOM) Tokens

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

   플랫폼	코인	Price
   BingX	Onomy Protocol (NOM)	0.03 APY
   Kucoin	Onomy Protocol (NOM)	0.01 APY

2. 2. Select a Onomy Protocol Wallet

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

3. 3. Delegate Your NOM in South Korea

   We recommend using a staking pool when staking NOM. It’s more convenient and quicker to get started. A staking pool consists of a group of validators who combine their NOM, 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 Onomy Protocol network. For these validations, you will be rewarded with NOM.

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.