So, you’ve been waiting patiently for an announcement about $FUEL Staking?
Here’s a quick overview of what we have in store:
・There are 2 staking pools, each pool airdrops 700,000 $FUEL once a week every Friday.
・Pool #1 — $FUEL stakers only.
・Pool #2 — NFT stakers only.
POOL #1 — $FUEL TOKEN STAKING
Every week a total of 700k $FUEL tokens are airdropped into a pool reserved for $FUEL stakers only. Those who stake their $FUEL tokens will get a weekly share of the pool, based on the number of points they accumulate. A single point is accumulated per $FUEL token staked for each week. This point total can even be doubled if you stake for 52 weeks straight, as you’ll be able to accumulate anywhere from 1 to 2 points per $FUEL token staked if you stake anywhere between 2–52 weeks.
For example: If you stake 100,000 $FUEL and the total weekly pool is 1,000,000 $FUEL staked, then you’ll get 10% of the weekly drop, which equates to 70,000 $FUEL. This means that you’ll be airdropped 70,000 $FUEL for that specific week.
However, if you stake the same 100,000 $FUEL tokens for the full 52 weeks, that gets you double the points, meaning your staking weight would be 200,000 $FUEL. In the previous example the total weekly pool would then be 1,100,000 $FUEL staked (accounting for the addition of your boosted $FUEL), and you would get roughly 18% of the weekly drop, which equates to 126,000 $FUEL. This means that you would be airdropped 126,000 $FUEL for that specific week.
Do note that airdrop distributions will be sent out weekly. So make sure to claim and get those tokens added to your staking amount to maximize your staking reward for the following weeks. NOTE: (These tokens have 12 months vesting period from the date of airdrop.)
BOOSTING STAKED $FUEL
Not only will you be airdropped $FUEL for staking your tokens, but you can boost your point total 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 Score is the accumulated boost values of all your staked Pharaohs, up to a Boost Score of 40, giving you a 2.5x multiplier effect! This is then taken into consideration along with your staked $FUEL to calculate your weekly $FUEL airdrop amount. Each single point of Boost Score gives you a 3.75% multiplier on your $FUEL staking weight.
Expanding on the previous $FUEL staking example: With a Boost Score of 40 your staking weight of 200,000 $FUEL would be multiplied by 2.5x, giving you a total staking weight of 500,000 $FUEL and thus potentially earning you a larger percentage of the reward pool.
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.
Every week a total of 700k $FUEL tokens are airdropped into a pool reserved for NFT stakers only. Those who stake their NFTs will get a weekly share of the pool, based on the number of points they accumulate. A single point is accumulated per NFT staked for each week. This point total can even be doubled if you stake for 52 weeks straight, as you’ll be able to accumulate anywhere from 1 to 2 points per NFT staked if you stake anywhere between 2–52 weeks.
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, for example: If you stake 25 NFTs and the total weekly pool is 2500 NFTs staked, then you’ll get 1% of the weekly drop, which equates to 7,000 $FUEL. This means that you’ll be airdropped 7,000 $FUEL for that specific week.
NOTE: This NFT staking reward distribution round is exactly 1 year long, it will end on May 4, 2024. So make sure that you DO NOT stake PAST this date, as there will not be any further airdrops for that specific round.
Guide on staking: https://medium.com/@EpochZer0/staking-guide-96a6c984e432
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: $FUEL drop distribution is exactly 1 year long and the $FUEL that was minted at genesis is the only $FUEL that will be ever minted!
Now go have some FUN!!!!
- The Epoch Zero Team
