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How to Stake WAX (WAXP)

Earn up to
4% APY on your savings.

What you'll learn

  1. 1

    How to Stake WAX (WAXP) in Uganda

    A comprehensive guide on how to stake WAX (WAXP) in Uganda

  2. 2

    Statistics about WAX Staking in Uganda

    We have a wealth of information on staking WAX (WAXP), and we are excited to share some of this with you.

  3. 3

    Other cryptocurrencies you can stake

    We present you with various staking options using different coins that may pique your interest.

Introduction

Staking WAX can be an excellent choice for those looking to hold WAXP 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 WAX (WAXP) Tokens

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

  2. 2. Select a WAX Wallet

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

    E-platformCoinStaking rewards in Uganda
    KucoinWAX (WAXP)Up to 4% APY
  3. 3. Delegate Your WAXP

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

Latest Movements in Uganda's Financial Landscape

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Market capitalization
US$159.17M
24-hour trading volume
US$34.01M
Available supply
3.5B WAXP
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Important Notice

Important Notice