Introduction
Staking Cirus can be an excellent choice for those looking to hold CIRUS 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. Acquire Cirus (CIRUS) Tokens
To stake Cirus, you first need to acquire it. To obtain Cirus, you will have to buy it. You can select from these well-known exchanges available in Uganda.
See all 6 prices in UgandaE-platform Coin Cost Gate.io Cirus (CIRUS) 0.0006061 APY Kucoin Cirus (CIRUS) 0.000091 APY MEXC Global Cirus (CIRUS) 0 APY 2. Select a Cirus Wallet
Once you have CIRUS, you'll need to select a Cirus wallet to securely store your tokens. Here are some reliable options to consider.
3. Delegate Your CIRUS
We recommend using a staking pool when staking CIRUS. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their CIRUS, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.
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 Cirus network. You'll be rewarded with CIRUS 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.
Latest Movements in Uganda's Financial Landscape
- Market capitalization
- US$1.21M
- 24-hour trading volume
- US$301,659
- Available supply
- 178.96M CIRUS
