Where and How to Stake Gemie (gem)

Introduction

Staking Gemie can be a great option for those who want to hold gem but earn yield in a secure way while contributing to the network. The steps can be a bit overwhelming, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-step guide

1. 1. Obtain Gemie (gem) Tokens

   To stake Gemie, you need to have it. To get Gemie, you'll need to buy it. You can choose from these popular exchanges.

2. 2. Choose a Gemie Wallet

   Once you have gem, you’ll need to choose a Gemie wallet to store your tokens. Here are some lekker options.

   Platform	Coin	Staking rewards
   MyCointainer	Gemie (gem)	Up to 10,74% APY

3. 3. Delegate Your gem

   We recommend using a staking pool when staking gem. It’s simpler and quicker to get going. A staking pool is a group of validators who combine their gem, which gives them a better chance of validating transactions and earning rewards. You can do 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 Gemie network. You'll be rewarded with gem for these validations.

What to be Aware of

There are transaction and staking pool fees you need to consider. There might also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this might take some time.