Introduction

Staking Onomy Protocol is an excellent choice for those looking to hold NOM 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 Onomy Protocol (NOM) Tokens

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

   Platform	Coin	Cost
   BingX	Onomy Protocol (NOM)	0.03
   Kucoin	Onomy Protocol (NOM)	0.01

2. 2. Select a Onomy Protocol Wallet

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

3. 3. Delegate Your NOM

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