How to Stake Gains Network (GNS)

Introduction

Staking Gains Network can be an excellent choice for those looking to hold GNS while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African Investors

1. 1. Acquire Gains Network (GNS) Tokens

   To stake Gains Network, you first need to acquire it. To obtain Gains Network, you'll need to buy it. You can select from these popular exchanges available in South Africa.

   Platform	Mint	Cost
   Binance	Gains Network (GNS)	1,27
   Uphold	Gains Network (GNS)	1,19
   Azbit	Gains Network (GNS)	0
   BingX	Gains Network (GNS)	1,27
   Bitget	Gains Network (GNS)	1,27
   Bitmart	Gains Network (GNS)	1,27

   View all 27 prices

2. 2. Select a Gains Network Wallet

   Once you have GNS, you'll need to choose a Gains Network wallet to store your tokens securely. Here are some solid options to consider.

   Platform	Mint	Staking rewards in South Africa
   Binance	Gains Network (GNS)	Up to 0,5% APY

3. 3. Delegate Your GNS

   We recommend using a staking pool when staking GNS. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their GNS, which increases their chances of validating transactions and earning rewards. You can manage 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 Gains Network network. You'll be rewarded with GNS for these validations.

What to Keep in Mind

There are transaction and staking pool fees you need to take into account. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this process can take some time.