How to Stake Bone ShibaSwap (BONE)

Introduction

Staking Bone ShibaSwap can be an excellent choice for those looking to hold BONE 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 Bone ShibaSwap (BONE) Tokens

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

   E-platform	Coin	Cost
   OKX	Bone ShibaSwap (BONE)	0.23 APY
   Uphold	Bone ShibaSwap (BONE)	0.29 APY
   BingX	Bone ShibaSwap (BONE)	0.08 APY
   Bitget	Bone ShibaSwap (BONE)	0.19 APY
   Bitmart	Bone ShibaSwap (BONE)	0.08 APY
   CoinEx	Bone ShibaSwap (BONE)	0.08 APY

   See all 23 prices in Uganda

2. 2. Select a Bone ShibaSwap Wallet

   Once you have BONE, you'll need to select a Bone ShibaSwap wallet to securely store your tokens. Here are some reliable options to consider.

   E-platform	Coin	Staking rewards in Uganda
   MyCointainer	Bone ShibaSwap (BONE)	Up to 8.12% APY

3. 3. Delegate Your BONE

   We recommend using a staking pool when staking BONE. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their BONE, 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 Bone ShibaSwap network. You'll be rewarded with BONE 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.