Where and How to Stake COMDEX (CMDX)

Introduction

Staking COMDEX can be a great option for those who want to hold CMDX but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. 1. Obtain COMDEX (CMDX) Tokens

   In order to stake COMDEX, you need to have it. To obtain COMDEX, you'll need to purchase it. You can choose from these popular exchanges.

2. 2. Choose a COMDEX Wallet

   Once you have CMDX, you’ll need to choose a COMDEX wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Stakin	COMDEX (CMDX)	Up to 15 APY
   Stakewolle	COMDEX (CMDX)	Up to 37.24 APY
   Valid Blocks	COMDEX (CMDX)	Up to 35 APY

3. 3. Delegate Your CMDX

   We recommend using a staking pool when staking CMDX. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their CMDX, which gives them a higher chance of validating transactions and earning rewards. You can do 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 COMDEX network. You’ll be rewarded with CMDX for these validations.

What to be Aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.