After a successful public sale on Blocto and OccamRazer, we are quickly approaching the listing date — there is just one week left.
It means that token distribution is almost here and we want to share some details about STARLY token staking — the key aspect of the Starly ecosystem, designed to benefit token holders.
What is the purpose of it? Staking is a process of locking your STARLY tokens in the smart contract to support the operations of a blockchain network in order to receive rewards. Passive income — yes, please!
How to add STARLY tokens to your wallet
Very soon you will receive detailed information about the token claiming from Starly or the respective launchpads. To stake your tokens, they need to be on Flow blockchain.
If you have participated in Blocto IDO — your tokens are already on Flow.
If your STARLYs are on Binance Smart Chain you can use Blocto teleport to bridge tokens from BSC to Flow and vice versa. To do so, go to https://swap.blocto.app/#/teleport and connect your wallets.
Select STARLY token, in the next step select BSC blockchain in the “From” field and STARLY token on Flow blockchain in the “To” field.
Your STARLYs are now on Flow and you’re good to go!
How to Stake STARLY tokens
Log in and go to the “Staking” tab on our site (if it’s not there, it will shortly appear next to the “Starly Token” tab). Enter the amount of tokens you want to stake.
It is possible to divide tokens you want to stake into several parts, that way being able to unstake them separately. After staking tokens you will see the amount, unlock date, and annual interest.
Staked tokens are locked for 30 days. After that period you can claim your tokens and the staking reward any time. The longer you keep your tokens staked the more additional tokens you will generate for yourself.
Stake tokens to earn a 15% annual percentage rate. To celebrate the token launch, a very special 20% APY (annual percentage yield) will be applied to all the tokens you start staking before March 15th.
The interest amount is guaranteed — the APY rate does not fluctuate.
What’s next — Staking Tiers
This is just the beginning. We are currently working to implement amazing features to reward STARLY token stakers.
There will be three staking tiers: Silver, Gold, and Platinum memberships, each having an extensive set of benefits — including, but not limited to exclusive drops, voting rights, and much more. We will post detailed information about token amounts for each tier and further details later on — it is a work in progress.
We will continuously evolve the STARLY token as a centerpiece of the Starly ecosystem to benefit creators, collectors and token holders. Stake STARLY tokens to fully enjoy the ride!
