Introduction

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

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

   Platform	Mint	Cost
   Nexo	GMT (GMT)	0,02
   PrimeXBT	GMT (GMT)	0,02
   YouHodler	GMT (GMT)	0,02
   Binance	GMT (GMT)	0,02
   BTSE	GMT (GMT)	0,02
   Coinbase	GMT (GMT)	0,03

   View all 49 prices

2. 2. Select a GMT Wallet

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

3. 3. Delegate Your GMT

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