How to Stake Gamium (GMM)

Introduction

Staking Gamium can be an excellent choice for those looking to hold GMM 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 Gamium (GMM) Tokens

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

   E-platform	Coin	Cost
   CoinEx	Gamium (GMM)	0.00003099 APY
   Gate.io	Gamium (GMM)	0.00003048 APY
   Kucoin	Gamium (GMM)	0.0000491 APY
   MEXC Global	Gamium (GMM)	0.00005848 APY

   See all 8 prices in Uganda

2. 2. Select a Gamium Wallet

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

   E-platform	Coin	Staking rewards in Uganda
   MyCointainer	Gamium (GMM)	Up to 27.6% APY

3. 3. Delegate Your GMM

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