Introduction

Staking Spookyswap can be an excellent choice for those looking to hold BOO 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 Spookyswap (BOO) Tokens

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

   E-platform	Coin	Cost
   CoinEx	Spookyswap (BOO)	0.3 APY

2. 2. Select a Spookyswap Wallet

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

3. 3. Delegate Your BOO

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