How to Stake Beyond Protocol (BP)

Introduction

Staking Beyond Protocol can be an excellent choice for those looking to hold BP while earning APY in a secure manner and supporting the network. The process might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide specifically for you.

Step-by-Step Guide for Ugandan Investors

1. 1. Acquire Beyond Protocol (BP) Tokens

   To stake Beyond Protocol, you first need to acquire it. To obtain Beyond Protocol, you will have to buy it. You can select from these well-known exchanges available in Uganda.

   E-platform	Coin	Cost
   Gate.io	Beyond Protocol (BP)	0 APY

2. 2. Select a Beyond Protocol Wallet

   Once you have BP, you'll need to select a Beyond Protocol wallet to securely store your tokens. Here are some reliable options to consider.

   E-platform	Coin	Staking rewards in Uganda
   MyCointainer	Beyond Protocol (BP)	Up to 11.5% APY

3. 3. Delegate Your BP

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

4. 4. Start Validating

   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 Beyond Protocol network. You'll be rewarded with BP for these validations.

What to Keep in Mind

There are transaction and staking pool fees you need to keep in mind. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, which can take a bit of time.