How to Stake Galeon (GALEON): A Step-by-Step Guide for Ugandans

Introduction

Staking Galeon can be an excellent choice for those looking to hold GALEON 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 Galeon (GALEON) Tokens
To stake Galeon, you first need to acquire it. To obtain Galeon, you will have to buy it. You can select from these well-known exchanges available in Uganda.
E-platform Coin Cost
Bitmart Galeon (GALEON) 0.02 APY
MEXC Global Galeon (GALEON) 0.01 APY
2. Select a Galeon Wallet
Once you have GALEON, you'll need to select a Galeon wallet to securely store your tokens. Here are some reliable options to consider.
3. Delegate Your GALEON
We recommend using a staking pool when staking GALEON. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their GALEON, 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 Galeon network. You'll be rewarded with GALEON for these validations.

E-platform	Coin	Cost
Bitmart	Galeon (GALEON)	0.02 APY
MEXC Global	Galeon (GALEON)	0.01 APY

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.