Stickman Staking
Overview
There are 500,000,000 $STIX tokens that will be distributed to Stickman holders through our staking protocol. There is a set number of $STIX tokens to be distributed to all the staked NFTs over the course of 5 years. If not all 5,555 Stickman are staked then what is not staked will stay in the protocol, increasing the longevity of the staking time horizon. The current model allocates 100,000,000 STIX per year, 273,972.6 per day, 49.32 STIX per stickman per day. There are few requirements to unlock staking benefits. First users must hold and stake a minimum of two stickman to receive staking access.
Each stickman has a minimum staking period of 30 days. If Users unstake their NFTs before the 30 day period they will be charged a one time with-drawl fee. All Fees on the platform will go directly to liquidity provisions, and ecosystem improvements.
When users stake another stickman after already having more than two stickman staked the $STIX rewards are automatically sent to the users connected wallet.
Below we have listed the NFT STAKING FAQs
Staking Contract: https://etherscan.io/address/0xe811be4698a45b19e7f4ab807e911ac9bb8d359f
What is NFT Staking?
NFT staking refers to the locking up of NFTs on a platform or protocol to receive staking rewards and other privileges. This allows NFT holders to earn a passive income while still maintaining ownership of their NFTs. By locking up NFTs on a platform, you can receive rewards depending on the annual percentage yield (APY), the staking duration, and the number of NFTs staked. Due to the unique nature of NFTs, investors and collectors generally prefer to HODL and speculate. NFT staking opens up a new opportunity for them to monetize their assets, which could potentially attract more people to participate and drive up the market demand for stakable NFTs.
How do I stake my stickman NFT?
Holders of two or more genesis stickman saga NFTs will have the opportunity to stake their non fungible tokens for rewards on app.stickmansaga.com
Verify you on on app.stickmansaga.com
Connect your Meta Mask Wallet
Select the Stickman you would like to stake
Verify the Terms and Conditions
Sit back and Collect Rewards
Can I unstake anytime?
Users may unstake their Stickman NFT penalty free after 30 Days of actively staking. Those participating in staking rewards may also unstake prior to 30 days, but will receive an early withdrawal penalty.
How many $STIX does each NFT Yield per day?
On average each stickman produces 49.32 $STIX per day.
What fees are involved with staking?
There is no platform fee involved with staking or withdrawing your stickman on schedule. Users will be required to pay Ethereum Gas Fees to both Stake and Unstake.
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