Introduction
Staking IRISnet can be an excellent choice for those looking to hold IRIS 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 IRISnet (IRIS) Tokens
To stake IRISnet, you first need to acquire it. To obtain IRISnet, you will have to buy it. You can select from these well-known exchanges available in Uganda.
See all 7 prices in UgandaE-platform Coin Cost Binance IRISnet (IRIS) 0.01 APY Bitpanda IRISnet (IRIS) 0.01 APY CoinEx IRISnet (IRIS) 0.000516 APY Crypto.com IRISnet (IRIS) 0.01 APY Gate.io IRISnet (IRIS) 0.0005275 APY 2. Select a IRISnet Wallet
Once you have IRIS, you'll need to select a IRISnet wallet to securely store your tokens. Here are some reliable options to consider.
View all 6 staking rewards available.E-platform Coin Staking rewards in Uganda Moonstake IRISnet (IRIS) Up to 6.83% APY Stakewolle IRISnet (IRIS) Up to 9.83% APY Stakin IRISnet (IRIS) Up to 11.78% APY 3. Delegate Your IRIS
We recommend using a staking pool when staking IRIS. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their IRIS, 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 IRISnet network. You'll be rewarded with IRIS 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.
Latest Movements in Uganda's Financial Landscape
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- Market capitalization
- US$5.84M
- 24-hour trading volume
- US$80,350
- Available supply
- 1.62B IRIS
