Where & how to stake FairERC20 (FERC)

Introduction

Staking FairERC20 can be a great option for those who want to hold FERC 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 FairERC20 (FERC) tokens

   In order to stake FairERC20, you need to have it. To obtain FairERC20, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Bitmart	FairERC20 (FERC)	$0.0225
   BingX	FairERC20 (FERC)	$0.008

2. 2. Choose a FairERC20 wallet

   Once you have FERC, you’ll need to choose a FairERC20 wallet to store your tokens. Here are some good options.

   Platform	Coin	Staking rewards
   Bitmart	FairERC20 (FERC)	Up to 1% APY

3. 3. Delegate your FERC

   We recommend using a staking pool when staking FERC. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their FERC, 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 FairERC20 network. You’ll be rewarded with FERC 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.