Introduction

Staking Holo can be a great option for those who want to hold HOT 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 Holo (HOT) tokens

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

   Platform	Coin	Price
   Bitpanda	Holo (HOT)	$0.0015
   Binance	Holo (HOT)	$0.0015
   BingX	Holo (HOT)	$0.0015
   Bitmart	Holo (HOT)	$0.0015
   MEXC Global	Holo (HOT)	$0.0015
   Bitget	Holo (HOT)	$0.0015

   See all 8 prices

2. 2. Choose a Holo wallet

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

3. 3. Delegate your HOT

   We recommend using a staking pool when staking HOT. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their HOT, 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 Holo network. You’ll be rewarded with HOT 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.