Introduction
Staking Gram can be a great option for those who want to hold gram 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 Guide
1. Obtain Gram (gram) Tokens
In order to stake Gram, you need to have it. To obtain Gram, you'll need to purchase it. You can choose from these popular exchanges.
2. Choose a Gram Wallet
Once you have gram, you'll need to choose a Gram wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards Nexo Gram (gram) Up to 1% APY Rates as listed by providers on Nov 4, 20263. Delegate Your gram
We recommend using a staking pool when staking gram. It's simpler and faster to get up-and-running. A staking pool is a group of validators who combine their gram, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet's interface.
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 Gram network. You'll be rewarded with gram 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.
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