How to Stake Shentu (CTK)

Introduction

Staking Shentu can be an excellent choice for those looking to hold CTK 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 Shentu (CTK) Tokens

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

   E-platform	Coin	Cost
   Azbit	Shentu (CTK)	0.27 APY
   BingX	Shentu (CTK)	0.27 APY
   Bitmart	Shentu (CTK)	0.36 APY
   Bitpanda	Shentu (CTK)	0.89 APY
   Bybit	Shentu (CTK)	0.27 APY
   CoinEx	Shentu (CTK)	0.27 APY

   See all 11 prices in Uganda

2. 2. Select a Shentu Wallet

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

   E-platform	Coin	Staking rewards in Uganda
   Chainode Tech	Shentu (CTK)	Up to 24.8% APY
   MyCointainer	Shentu (CTK)	Up to 31.2% APY
   Stakely.io	Shentu (CTK)	Up to 32.91% APY
   Stakewolle	Shentu (CTK)	Up to 31.25% APY

   View all 9 staking rewards available.

3. 3. Delegate Your CTK

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