How to Stake Ontology (ONT) for optimal returns

Introduction

Staking Ontology can be an excellent choice for those looking to hold ONT 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 Ontology (ONT) Tokens

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

   플랫폼	코인	Price
   Binance	Ontology (ONT)	0.14 APY
   OKX	Ontology (ONT)	0.15 APY
   Uphold	Ontology (ONT)	0.14 APY
   Azbit	Ontology (ONT)	0.14 APY
   BingX	Ontology (ONT)	0.14 APY
   Bitget	Ontology (ONT)	0.14 APY

   Check out all 30 prices

2. 2. Select a Ontology Wallet

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

   플랫폼	코인	Staking 보상
   Binance	Ontology (ONT)	Up to 13.5% APY
   CEX.io	Ontology (ONT)	Up to 10% APY
   Exodus	Ontology (ONT)	Up to 17.08% APY

   Check out all 10 staking rewards available.

3. 3. Delegate Your ONT in South Korea

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

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.