πStaking Overview
Here's all the information about our staking platform and our future plans for it:
Our staking platform has the potential to be one of the most secure on the Solana chain because we do not require access to your wallet. Instead, the system's logic is based on daily/hourly wallet snapshots to verify if you hold NFTs from the specified collection. We will continuously add more collections to provide the best experience for our users. However, please remember that this is the beta version, and there may still be some bugs. With your help, we hope to address these issues, and your assistance will be greatly appreciated by our team.
Here's the main idea:
You can earn rewards by holding your favorite NFTs in your wallet and staking them on our website. You'll still keep the NFTs, but you need to give us permission to confirm you own them. Once you've staked, you'll start earning a 7% annual return.
The first season is open to everyone, but later we'll make it exclusive to holders of our Europe collection (which isn't listed yet). For updates, follow us on Twitter or Discord.
Season 1 details:
Right now, anyone holding one of the listed NFTs can earn a 7% return. At the season's end, we'll convert your earnings to Solana tokens and send them to your wallet.
We'll have times when some collections give extra rewards for staking. Plus, with our referral system, you can earn more rewards and boost your overall earnings. So, the more you refer, the more you can potentially earn.
You earn 10% of the points earned by users you invite, and your friends receive a 5% boost to their points. This means you get a portion of the points earned by your referrals, while your friends enjoy an extra bonus on top of their own points.
Plus, participating wallets get whitelisted access to our Europe collection.
Next seasons will offer our token as a reward (currently not launched) , but that's coming in season 2.
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