How to Stake Gains Network (GNS)

Introduction

Staking Gains Network can be an excellent choice for those looking to hold GNS 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 Gains Network (GNS) Tokens

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

   E-platform	Coin	Cost
   Uphold	Gains Network (GNS)	1.19 APY
   Binance	Gains Network (GNS)	2.29 APY
   Azbit	Gains Network (GNS)	0 APY
   BingX	Gains Network (GNS)	2.29 APY
   Bitget	Gains Network (GNS)	2.28 APY
   Bitmart	Gains Network (GNS)	2.29 APY

   See all 27 prices in Uganda

2. 2. Select a Gains Network Wallet

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

   E-platform	Coin	Staking rewards in Uganda
   Binance	Gains Network (GNS)	Up to 0.5% APY

3. 3. Delegate Your GNS

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