Introduction

Staking Galeon can be an excellent choice for those looking to hold GALEON 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 Galeon (GALEON) Tokens

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

   Platform	Mint	Cost
   Bitmart	Galeon (GALEON)	0,02
   MEXC Global	Galeon (GALEON)	0,01

2. 2. Select a Galeon Wallet

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

3. 3. Delegate Your GALEON

   We recommend using a staking pool when staking GALEON. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their GALEON, 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 Galeon network. You'll be rewarded with GALEON 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.