How to Stake Sifchain (EROWAN)

Introduction

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

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

2. 2. Select a Sifchain Wallet

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

   Platform	Mint	Staking rewards in South Africa
   Stakewolle	Sifchain (EROWAN)	Up to 62,93% APY

3. 3. Delegate Your EROWAN

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