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Staking FairERC20 is an excellent choice for those looking to hold FERC 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.
To stake FairERC20, you first need to acquire it. You can purchase FairERC20 from various popular exchanges.
| Platform | Coin | Cost |
|---|---|---|
| Gate.io | FairERC20 (FERC) | 0 |
Once you have FERC, you'll need to select a FairERC20 wallet to keep your tokens safe. Here are some great options.
We suggest using a staking pool for staking FERC. It's easier and quicker to start. A staking pool consists of validators who pool their FERC, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.
You will need to wait for your deposit to be confirmed by your wallet. Once confirmed, you will automatically validate transactions on the FairERC20 network. You will be rewarded with FERC for these validations.
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.