Where & how to stake Gains Network (GNS)

Introduction

Staking Gains Network can be a great option for those who want to hold GNS but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-step

1. 1. Obtain Gains Network (GNS) tokens

   In order to stake Gains Network, you need to have it. To obtain Gains Network, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Uphold	Gains Network (GNS)	$1.84
   Binance	Gains Network (GNS)	$1.85
   BingX	Gains Network (GNS)	$1.84
   Bitmart	Gains Network (GNS)	$1.84
   MEXC Global	Gains Network (GNS)	$1.85
   Kucoin	Gains Network (GNS)	$1.84

   See all 9 prices

2. 2. Choose a Gains Network wallet

   Once you have GNS, you’ll need to choose a Gains Network wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Binance	Gains Network (GNS)	Up to 1.5% APY

3. 3. Delegate your GNS

   We recommend using a staking pool when staking GNS. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their GNS, which gives them a higher 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 Gains Network network. You’ll be rewarded with GNS for these validations.

What to be aware of

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