Where and How to Stake Firmachain (FCT)

Introduction

Staking Firmachain can be a great option for those who want to hold FCT 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 Firmachain (FCT) Tokens

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

   Platform	Coin	Price
   LBank	Firmachain (FCT)	0

2. 2. Choose a Firmachain Wallet

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

   Platform	Coin	Staking rewards
   MyCointainer	Firmachain (FCT)	Up to 66.48 APY

3. 3. Delegate Your FCT

   We recommend using a staking pool when staking FCT. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their FCT, 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 Firmachain network. You’ll be rewarded with FCT 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.