How to Stake Cudos (CUDOS)

Introduction

Staking Cudos can be an excellent choice for those looking to hold CUDOS 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 Cudos (CUDOS) Tokens

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

   E-platform	Coin	Cost
   Gate.io	Cudos (CUDOS)	0.01 APY
   Kucoin	Cudos (CUDOS)	0.01 APY

2. 2. Select a Cudos Wallet

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

   E-platform	Coin	Staking rewards in Uganda
   MyCointainer	Cudos (CUDOS)	Up to 9.23% APY
   Valid Blocks	Cudos (CUDOS)	Up to 6.86% APY

3. 3. Delegate Your CUDOS

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