So, you’ve been waiting patiently for an announcement about $FUEL Staking?
Here’s a quick overview of what we have in store:
· 2 pools for $FUEL airdrops. 700,000 $FUEL in each pool.
· Pool 1 — $FUEL stakers only; and
· Pool 2 — NFT stakers only.
· $FUEL Dropped weekly every Friday
Now let’s get into the meat and bones of it all…
POOL 1 — TOKEN STAKING
Every week, a total of 700,000 $FUEL tokens are dropped into a pool for $FUEL stakers ONLY. $FUEL holders can stake their tokens to get a share of the pool based on the number of points they accumulate. A single point is accumulated per $FUEL token staked for each week, and if you stake for 52 weeks straight, you will accumulate two points per $FUEL token staked. If you stake anywhere between 2–51 weeks, you will accumulate anywhere from 1 to 2 points per $FUEL token staked, depending on how many weeks you stake.
Let’s take an example: If you stake 100,000 $FUEL and there is a total of 1,000,000 $FUEL staked, you will get 10% of the weekly drop, which equates to 70,000 $FUEL. This means that you will be airdropped 70,000 $FUEL for 1 week.
However, if you stake the same 100,000 $FUEL tokens for the full 52 weeks, that gets you the full 2 points. So, if you stake the previous example amount of 100,000 $FUEL, with a total of 1,100,000 $FUEL now staked (accounting for the additional of boosted $FUEL), you will get roughly 18% of the weekly airdrop, which equals to roughly 127,000 $FUEL per week.
Do note that airdrops distributions will be sent out weekly, by the Epoch Zero team. The sooner you claim and get those tokens added back to your staking amount, the more $FUEL you will be airdropped. NOTE: (These tokens have 12 months vesting period from date of airdrop.)
BOOSTING STAKED FUEL
NOW the FUN part of F.U.E.L. really begins!
Not only will you be airdropped $FUEL for staking your tokens, but you will BOOST your airdrops by also staking your Pharaohs! This is truly amazing as it allows us to utilize the Boost feature on your NFT, with Epoch Zero being the first project in the IOTA ecosystem to utilize such features.
Your total Boost Value is the accumulated Boost values of all your staked Pharaohs, up to a 40 Boost Value or 2.5x multiplier effect. This is then taken into consideration along with your staked $FUEL to calculate your weekly $FUEL airdrop amount.
Expanding on the example from the TOKEN STAKERS section, if you stake 100,000 $FUEL for 1 week, you will multiply your boost value with your staked $FUEL amount. Boosted amount: 2.5 * 100,000 = 250,000 $FUEL. This gives you a much larger share of the pool. Boosting your $FUEL really changes the game and your airdrops!
NOTE: A Pharaoh will be detected by our BossBob bot as staked when it’s listed for sale on Soonaverse for exactly 1,000,000 SMR. (this is a temporary workaround due to the lack of smart contracts on Shimmer)
Check out the chart below for a better understanding of our Boost Score Multiplier and how it’s calculated.
(Boost Score * C) + Y = Z (Multiplier)
POOL 2 — NFT STAKING
Did you ape in and get a ton of NFTs but forgot about the $FUEL token?
Worry not! — this pool is specifically designed for you.
With an unlimited number of Pharaohs to stake, you can participate in this pool with as little as one, or as many as 200 and beyond. It’s as simple as it gets: if you stake 15 Pharaohs and the total amount staked is 2,000 Pharaohs, you’ll receive a drop percentage of $FUEL at 0.75%. That translates to 5,250 $FUEL airdropped each week!
All you need to do is set your Pharaoh up for sale with a price of 1,000,000 SMR, and BossBOB will handle the rest. It really is just that simple, so don’t forget to stake your Pharaohs to get a piece of that $FUEL pie.
Ok, tell me this isn’t getting you all anxious and wondering WEN all this good stuff goes live?
Well, you already know the answer, and that answer is SOON!!!
To be precise, Thursday May the 4th!
Please note we are still in the testing phases and want to make sure ALL of this works flawlessly before opening the flood gates, since we are working with features outside of the Soonaverse space and must manually airdrop $FUEL distributions. NOTE: Be sure to claim as soon as possible, your drops from the Boost are not automatically re-staked until they are claimed.
Another important piece of information that we want to make clear is that $FUEL is nothing more than a Utility Token and that it has no real value. In no way should someone buy it and expect a financial gain. We plan to expand on its utility in the future.
NOTE: Now this is probably one of the most important pieces of information for NFT staking — it’s required to set the NFT’s you want used for staking at a sell price of 1,000,000 SMR. This is how BossBob will know these are staked NFTs.
Now go have some FUN!!!!
- The Epoch Zero Team
