Introduction
Staking SOLGRAM 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 SOLGRAM (gram) Tokens
In order to stake SOLGRAM, you need to have it. To obtain SOLGRAM, you'll need to purchase it. You can choose from these popular exchanges.
Platform Coin Price Nexo SOLGRAM (gram) 1.34 2. Choose a SOLGRAM Wallet
Once you have gram, you'll need to choose a SOLGRAM wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards Nexo SOLGRAM (gram) Up to 3.5% APY Rates as listed by providers on Aug 13, 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 SOLGRAM 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.
Building a crypto integration?
Access yield rates programmatically via the Bitcompare Pro API. 10,000 requests/month free.
Latest Movements
SOLGRAM (gram) is currently priced at 0. For those looking to buy or trade SOLGRAM, Nexo offers avenues to do so securely and efficiently
