Introduction

Staking Neon can be an excellent choice for those looking to hold NEON 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 Neon (NEON) Tokens

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

   E-platform	Coin	Cost
   Coinbase	Neon (NEON)	0.06 APY
   BingX	Neon (NEON)	0.06 APY
   Bitmart	Neon (NEON)	0.06 APY
   CoinEx	Neon (NEON)	0.06 APY
   CoinList	Neon (NEON)	0.14 APY
   Crypto.com	Neon (NEON)	0.06 APY

   See all 22 prices in Uganda

2. 2. Select a Neon Wallet

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

3. 3. Delegate Your NEON

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