Introduction

Staking Gems is an excellent choice for those looking to hold GEM 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 Gems (GEM) Tokens

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

2. 2. Select a Gems Wallet

   Once you have GEM, you'll need to select a Gems wallet to keep your tokens safe. Here are some great options.

3. 3. Delegate Your GEM

   We suggest using a staking pool for staking GEM. It's easier and quicker to start. A staking pool consists of validators who pool their GEM, 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 Gems network. You will be rewarded with GEM 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.