How to Stake e-Money (NGM) in Vietnam

Introduction

Staking e-Money is an excellent choice for those looking to hold NGM while earning yield securely and supporting the network. The process may seem overwhelming, especially for first-timers. That's why we've created this guide to help you through it.

Comprehensive Guide

1. 1. Acquire e-Money (NGM) Tokens

   To stake e-Money, you first need to acquire it. You can purchase e-Money from various popular exchanges.

2. 2. Select a e-Money Wallet

   Once you have NGM, you'll need to select a e-Money wallet to keep your tokens safe. Here are some great options.

   Platform	Coin	Staking benefits
   Stakewolle	e-Money (NGM)	Earn up to 29.45% APY

3. 3. Delegate Your NGM

   We suggest using a staking pool for staking NGM. It's easier and quicker to start. A staking pool consists of validators who pool their NGM, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.

4. 4. Begin Validation

   You will need to wait for your deposit to be confirmed by your wallet. Once confirmed, you will automatically validate transactions on the e-Money network. You will be rewarded with NGM for these validations.

Key Considerations

Consider the transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.