How to Stake Earn Network (EARN)

Introduction

Staking Earn Network can be an excellent choice for those looking to hold EARN 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 Earn Network (EARN) Tokens

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

   E-platform	Coin	Cost
   MEXC Global	Earn Network (EARN)	0.0000345 APY

2. 2. Select a Earn Network Wallet

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

   E-platform	Coin	Staking rewards in Uganda
   MyCointainer	Earn Network (EARN)	Up to 2% APY

3. 3. Delegate Your EARN

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