How to Stake CHEQD Network (CHEQ)

Introduction

Staking CHEQD Network can be an excellent choice for those looking to hold CHEQ 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 CHEQD Network (CHEQ) Tokens

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

   E-platform	Coin	Cost
   BingX	CHEQD Network (CHEQ)	0.01 APY
   Bitmart	CHEQD Network (CHEQ)	0.01 APY
   Bitpanda	CHEQD Network (CHEQ)	0.05 APY
   CoinEx	CHEQD Network (CHEQ)	0.01 APY
   Gate.io	CHEQD Network (CHEQ)	0.01 APY
   Kucoin	CHEQD Network (CHEQ)	0.01 APY

   See all 13 prices in Uganda

2. 2. Select a CHEQD Network Wallet

   Once you have CHEQ, you'll need to select a CHEQD Network wallet to securely store your tokens. Here are some reliable options to consider.

   E-platform	Coin	Staking rewards in Uganda
   MyCointainer	CHEQD Network (CHEQ)	Up to 10% APY
   Stakewolle	CHEQD Network (CHEQ)	Up to 12.89% APY

3. 3. Delegate Your CHEQ

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