How to Stake Sweat Economy (SWEAT)

Introduction

Staking Sweat Economy can be an excellent choice for those looking to hold SWEAT 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 Sweat Economy (SWEAT) Tokens

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

   Platform	Mint	Cost
   Nexo	Sweat Economy (SWEAT)	0
   Kraken	Sweat Economy (SWEAT)	0
   OKX	Sweat Economy (SWEAT)	0,01
   Uphold	Sweat Economy (SWEAT)	0
   BingX	Sweat Economy (SWEAT)	0
   Bitfinex	Sweat Economy (SWEAT)	0

   View all 29 prices

2. 2. Select a Sweat Economy Wallet

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

   Platform	Mint	Staking rewards in South Africa
   Bitmart	Sweat Economy (SWEAT)	Up to 1% APY

3. 3. Delegate Your SWEAT

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