Introduction

Staking Firmachain can be an excellent choice for those looking to hold FCT while earning APY in a secure manner and supporting the network. The process might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide specifically for you.

Step-by-Step Guide for Ugandan Investors

1. 1. Acquire Firmachain (FCT) Tokens

   To stake Firmachain, you first need to acquire it. To obtain Firmachain, you will have to buy it. You can select from these well-known exchanges available in Uganda.

   E-platform	Coin	Cost
   LBank	Firmachain (FCT)	0 APY

2. 2. Select a Firmachain Wallet

   Once you have FCT, you'll need to select a Firmachain wallet to securely store your tokens. Here are some reliable options to consider.

3. 3. Delegate Your FCT

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

What to Keep in Mind

There are transaction and staking pool fees you need to keep in mind. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, which can take a bit of time.