$SSS Staking is going live soon
We are delighted to announce that $SSS Staking will go live on February 1st at 00:00 UTC.
Staking Instructions
There are a total of five locking periods for users to choose from, the respective periods are one month, six months, one year, two years and four years.
How to Stake $SSS
Users can obtain $SSS either through buying from exchanges, through PvP ranking rewards or referral ranking rewards. When a user owns $SSS, the user can choose to stake them on the staking page which is located on the marketplace of StarSharks official website.
Users will receive veSSS issued by the platform after staking $SSS. As mentioned above, there are different locking periods available for users. When users want to get the same amount of veSSS for different staking lock-in periods,as a result, the amount of $SSS they need to stake will be different.
Please refer to the following table for more details.
Staking Reward Allocation
Each day at 0:00 UTC, accumulated rewards from the previous day will be allocated to the stakers and the allocated rewards will be released block by block in a period of roughly 7 days from staking rewards pool(there could be some difference based on the block time). Users can claim their released rewards anytime before unstaking.
User Reward
Users can start to share the rewards immediately after staking their $SSS and they can claim their rewards at any time. There are three types of tokens in staking rewards: $BNB, $SSS, or $SEA. The source of each token reward is specified here.
Staking — Plans for going live
January 31st, 12:00 UTC
Staking related contracts will be deployed on the mainnet.
February 1st, 00:00 UTC
Staking page will be live on the StarSharks Official website.
February 2nd, 00:00 UTC
After staking goes live, the rewards accumulated during February 1st will be added to the staking pool at 00:00 UTC February 2nd and VeSSS holders will start to share the rewards from staking pool.
February 3rd, 00:00 UTC
The rewards accumulated during February 2nd will be added to the staking pool at 00:00 UTC February 3rd.
February 4th, 00:00 UTC
The rewards accumulated during February 3rd and the accumulated rewards (BNB, SSS, SEA) before 00:00 UTC February 1st will be added to the staking pool at 00:00 UTC February 4th.
Note: Accumulated rewards from the previous day will be released block by block to stakers in a period of roughly 7days (exact time could be a bit different depending the on the block time).
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