Things you need to know about NFT Staking
After we announced that players and investors can stake their characters, we received a lot of positive feedback, showing that people are very interested in this feature. So, how to stake a character and what benefits does staking characters bring?
Specifically, our staking pool will be available on October 25th and end when our game’s official version is released. Players can put their character in the staking pool for a certain period of time depending on their decision, the character will be leveled up automatically, and the player will receive a reward of POCO Token.
So, in addition to the required character, what other factors do players need to pay attention to when staking characters?
1. Poco’s EXP
As you can see in the table above, the higher the level, the greater the amount of experience required, which is understandable because it applies to almost every game.
The character’s level will not only stop at 30 but can also go higher, here we just want to choose the 30, the level enough for you to breed for the first time, the milestone you aim to achieve before our official version is released.
2. POCO Token and Time
As you can see in the table above, the character will level up faster if you spend a larger amount of POCO.
For example, it will take almost 37 days if you want to upgrade from level 1 to level 10 if you only spend 500 POCO, but it will take just over 18 days if you spend a double amount of 1000 POCO.
3. Number of stakes of a character
Each character will only be staked once. And it will not be possible to unstake once the character has been added to the staking pool. So, you have to think carefully before making a decision. Try asking yourself how much level you want to reach and for how long? Our staking pool will only last until the official version is released, time is limited so you have to think carefully.
4. Benefits gained when staking characters?
APY 6% per year so players will receive a certain amount of Poco Token. And of course, the more POCO you use to stake, not only will your character be leveled up in a short time, but you will receive more POCO. So, there is more reason for you to think carefully before making a decision when it comes to stake character. Because it not only affects the level your character reaches, and the amount of time the leveling up process requires, but it also affects the amount of POCO you can get as a reward.
5. Question & Answer
Q1: Can we unstake character?
A: No, you cannot unstake character. Once you stake your character, it will automatically be locked until the staking process ends.
Q2: During the lock-up period, Can NFT characters go hunting or level up and experience the game?
A: No, because it is locked in the staking pool, you cannot use it to experience the game.
Q3: When can I claim my APR reward?
A: You can claim your POCO once your NFT staking has been unlocked .
Q4: When I stake my character A with a certain amount of POCO for 6 days to level up, then after 2 days I want to transfer that amount of POCO to stake character B for levelling up. Is that ok?
A: The POCO will be attached to the NFT character that you choose. You will have to put in another fund to stake your new character.
Q5: I’m staking a character to get level up, so can I list this character for sale? And what happens when someone makes an offer to own my character? Or can I transfer my character (in staking pool) to my other wallet and this character continues to level up?
A: No, listing/transferring is unavailable when your character is in our staking pool.
To connect with Pocoland:
• Tele group chat: https://t.me/PocoGroupChat
• Website: https://pocoland.com
• Twitter: https://twitter.com/PocoNFTsGame
• Tele channel: https://t.me/Pocoann
• Discord: https://discord.gg/Gu3UFqzbbf
• Fanpage: https://www.facebook.com/Pocoland-NFT-Game-201377155259286
• Whitepaper: https://drive.google.com/file/d/1A1Ru/edit
