How to Stake Ontology (ONT)

Introduction

Staking Ontology can be an excellent choice for those looking to hold ONT 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 Ontology (ONT) Tokens

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

   E-platform	Coin	Cost
   Binance	Ontology (ONT)	0.14 APY
   OKX	Ontology (ONT)	0.15 APY
   Uphold	Ontology (ONT)	0.14 APY
   Azbit	Ontology (ONT)	0.14 APY
   BingX	Ontology (ONT)	0.14 APY
   Bitget	Ontology (ONT)	0.14 APY

   See all 30 prices in Uganda

2. 2. Select a Ontology Wallet

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

   E-platform	Coin	Staking rewards in Uganda
   Binance	Ontology (ONT)	Up to 13.5% APY
   CEX.io	Ontology (ONT)	Up to 10% APY
   Exodus	Ontology (ONT)	Up to 17.08% APY

   View all 10 staking rewards available.

3. 3. Delegate Your ONT

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