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guide-how-to-stake-ont.md

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Guide: How to stake ONT

🏁1. Prerequisites

In order to stake, ONT must be stored on a local wallet, where you control the seed/private keys.

{% hint style="info" %} Remember, it's best practice to always withdraw coins from an Exchange. {% endhint %}

🌜 2. Download and use a compatible wallet

{% content-ref url="../../wallets/desktop-wallets/o3-neo-ont.md" %} o3-neo-ont.md {% endcontent-ref %}

{% content-ref url="../../wallets/mobile-wallets/exodus-multi-chain-assets.md" %} exodus-multi-chain-assets.md {% endcontent-ref %}

🔥 3. Stake your ONT

{% hint style="info" %} Staking ONT means generating ONG. It's easy to stake because holding ONT in your own wallet is the only requirement. {% endhint %}

  1. Open ONT wallet
  2. Copy your ONT address
  3. Send or withdraw ONT from exchange or other wallet to your ONT address

{% hint style="info" %} Did you know? ONT and NEO addresses are interchangeable. {% endhint %}

{% hint style="success" %} :sparkles: Now you're staking ONT and earning ONG, every block or 1 second. {% endhint %}