HOW TO STAKE ON NFT FARM
NFT farming enables token owners to get more use out of their tokens by putting them to work to increase their value. Regardless of their industry, projects from across the ecosystem and spectrum can offer their token holders additional opportunities via NFTs through NFTrade.
Using our NFT farms, the process is incredibly simple and easy.
I will walk you through the NFT farming and staking process in the sections below.
Step 1 — Connect Your Wallet
The first step after arriving at the NFT farm you want to stake on is to connect your browser wallet to NFTrade and confirm that you are on the same network as the farm. You can accomplish this by clicking "Connect Account" in the website’s upper right corner
Step 2 - Stake Tokens
You may view all the details about a given farm, including how many tokens you have invested, in the main dashboard of the NFT farm. Click the blue "Stake" button at the bottom of the dashboard to stake your tokens and start looking for NFTs.
Select the number of tokens you wish to stake after selecting "Stake," agree to NFTrade’s terms and conditions, and click "Continue." In order to move your tokens to the staking contract and start staking and earning, you will next be prompted to sign a wallet transaction. To start this procedure, you must pay a network transaction cost, which varies based on the network and its transaction congestion. Your staking has started as soon as the transaction has been approved.
Step 3 - Track Your Rewards
As soon as you start staking, you will begin to accumulate artificial, non-transferable tokens that you may use to claim NFTs inside the farm. These artificial tokens, which can only be obtained by staking the farm’s native currency, are only used to generate NFTs within it. Every block, the dashboard will update your synthetic token rewards, letting you know when you will have amassed enough tokens to claim a particular NFT from the farm.
Step 4 - Claim Reward Tokens
You can claim your synthetic tokens once you have accumulated enough of them to buy your preferred NFT. The blue "Claim" button will show up after you start to acquire synthetic tokens, and you can click it to add the tokens to your wallet. The tokens will then be transferred into your possession after you sign another transaction in your browser wallet as a result.
Step 5 - Claim NFT Reward
You can now claim your NFT once your synthetic tokens are in your wallet. When you have enough synthetic tokens saved up, you can click the blue "Buy Now" button next to the NFT you want to purchase by paying the specified price in synthetic tokens. Following another wallet signature, the earned synthetic tokens will be sent to the contract address in exchange for the NFT.
You now possess a new NFT and all of our original native tokens, accept our congratulations! If the token lock period has passed, you can decide to unstake your tokens or keep staking them to accumulate more synthetic tokens for more NFT claims.
For more enquiries check here 👇
https://nftrade.com/
