How to Stake Marlin (POND)

Introduction

Staking Marlin can be an excellent choice for those looking to hold POND 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 Marlin (POND) Tokens

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

   E-platform	Coin	Cost
   Binance	Marlin (POND)	0.01 APY
   Coinbase	Marlin (POND)	0.01 APY
   Kraken	Marlin (POND)	0.01 APY
   BingX	Marlin (POND)	0.01 APY
   Bitget	Marlin (POND)	0.01 APY
   Bitpanda	Marlin (POND)	0.02 APY

   See all 35 prices in Uganda

2. 2. Select a Marlin Wallet

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

   E-platform	Coin	Staking rewards in Uganda
   Binance	Marlin (POND)	Up to 2.72% APY

3. 3. Delegate Your POND

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