How to Stake Shentu (CTK)

Introduction

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

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

   Platform	Mint	Cost
   Azbit	Shentu (CTK)	0,28
   BingX	Shentu (CTK)	0,28
   Bitmart	Shentu (CTK)	0,36
   Bitpanda	Shentu (CTK)	0,89
   Bybit	Shentu (CTK)	0,28
   CoinEx	Shentu (CTK)	0,28

   View all 11 prices

2. 2. Select a Shentu Wallet

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

   Platform	Mint	Staking rewards in South Africa
   Chainode Tech	Shentu (CTK)	Up to 24,8% APY
   MyCointainer	Shentu (CTK)	Up to 31,2% APY
   Stakely.io	Shentu (CTK)	Up to 32,91% APY
   Stakewolle	Shentu (CTK)	Up to 31,25% APY

   View all 9 staking rewards available

3. 3. Delegate Your CTK

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