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NFT ProtocolNFT Protocolby0xCcF43Dcc4e52e0216E461955bd98B08DA53213eAzanzibarz.eth

Stakenomics

Voting ended over 5 years agoSucceeded

Proposal:

Staking pool cap to be increased from originally proposed 5 million $NFT to 7.5 million $NFT.

Total staking rewards available - 750,000 $NFT ..........................................................................................................................................

Staking program to run for 94 days. There will be a 48 hour grace period to begin staking, and a 48 hour tail-off period to allow for late comers, with the following conditions:

Minimum 10,000 $NFT per staker Maximum 1 million $NFT per staker

Any $NFT withdrawn from the program prior to completing 90 days forfeit a portion of their rewards to a 'forfeit pool' which will be distributed on a pro-rata basis to stakers completing the full 90 day program.

All participants will receive a multiplier for the next staking event if/when one occurs.

Minimum lock - 15 days No rewards if unlocked prior to 30 days Stake for minimum 30 days - receive 2% reward Stake for minimum 45 days - receive 3% reward stake for minimum 60 days - receive 5% reward stake for minimum 90 days - receive 10% reward + pro rata share of forfeited rewards.

If the staking pool does not reach 100% capacity at launch new entrants can join the pool at any time prior to day 60 until staking pool cap is reached. The above tiers will apply to them.

*Note - Capacity is at max when total staked over time reaches 'staking pool cap', i.e. total staked does not reduce when someone leaves the pool.

All staking rewards will be distributed. If the pool does not reach 100% capacity the remaining rewards will go into the forfeit pool.

The program is designed to reward participants who stay the course. It will create a slow release of $NFT to the market throughout the program rather than all tokens being released after 90 days in a single event. This will ease selling pressure on exchanges.

Off-Chain Vote

Option 1 & 2
4.53M 99.7%
Option 1 only
0 0%
Option 2 only
0 0%
No to both
11.75K 0.3%
Download mobile app to vote

Timeline

Sep 25, 2020Proposal created
Sep 25, 2020Proposal vote started
Oct 02, 2020Proposal vote ended
Jan 23, 2024Proposal updated