Elfin NFT Staking Campaign: Win Up To $25,000 Worth Of Elfin Tokens!
It’s been a busy week at Elfin HQ and the fun is far from over; we’re excited to reintroduce the popular Elfin NFT staking mechanism, which gives users the opportunity to stake Elfin NFTs or Elfin NFT passes, receive Elfin Tokens, and access special games within the Elfin ecosystem!
Elfin Games NFT Staking Campaign
In order to participate and be eligible to receive rewards, users must do the following:
- Follow the Elfin Kingdom Twitter Account
- Retweet Elfin tweets
- Linked their Web3 wallet to Elfin Kingdom Website
- Stake 1 NFT
- Join Telegram and Discord
- Sign up for Elfin’s email newsletter
- Follow the Elfin Medium account
The APY percentage will have the following hierarchy:
- NFT Passes (diamond>gold>silver)
- Binance ELFIN IGO NFTs
- Elfin NFTs
- BSC partner NFTs
All users that stake NFTs will have a chance to win up to $25,000 worth of Elfin tokens during the campaign. The airdrop % will be disclosed in the following days.
Elfin NFTs can be found and traded on The Kingdom, our marketplace for collectors and gamers. Users can buy NFTs using $BNB, then stake these NFTs to participate in the campaign.
Additionally, users can receive an award badge by participating in the ecosystem; these badges help them receive more unique rewards in the long run!
This NFT Staking campaign is part of a broader campaign aimed at promoting the Elfin ecosystem in the next two months. Our goal is to become the largest Web3 ecosystem on the BNB Chain, welcoming new gamers and users onto our platform with programs, grants, and NFT mechanisms. With over $6 million in NFT trading volume and a total of $60 million in total value locked (TVL) registered on our platform, we provide innovative features for Web3 developers to build innovative NFT projects, this way bringing new users into our ecosystem.
Elfin Games Providing the Benefits of NFT Staking
NFT staking is an innovative way derived from traditional cryptocurrency staking, in which users deposit a portion of their funds into a blockchain-based DeFi project, allowing users to contribute to the network’s operations in exchange for rewards — usually in the form of more cryptocurrency. These funds are locked and can only be unstaked after a determined period.
The same concept applies to NFT staking — users lock up NFTs in a blockchain protocol to earn passive income through staking yields while maintaining ownership of their assets. However, this practice also provides more utility to NFTs; for example, a project might reward NFT stakers with access to exclusive content — merchandise, voting rights, access to upcoming NFT drops and releases, and more.
The rewards and yield percentage will depend on the platform. Some platforms paid out dividends daily or weekly, with some of them providing a decentralized autonomous organization (DAO) in which to stake tokens to receive voting rights to participate in community governance.
Likewise, one of the main benefits of the GameFi industry is enabling projects to create new in-game monetary mechanisms for its users and NFT staking enables a decentralized economy for players.
The reintroduction of the NFT staking mechanism into the Elfin Kingdom ecosystem will allow users to have a deeper engagement with the app while promoting a decentralized in-game economy for NFT traders, gamers, and developers using $ELFIN, which users can earn through playing, mining, voting and participating in different activities within the ecosystem.
About Elfin Kingdom Games
Elfin Kingdom Games is a decentralized gaming NFT ecosystem on Binance Smart Chain. The Elfin Arcade allows communities, users and developers to create new, decentralized metaverses all connected through ELFIN.
Elfin Kingdom Games: Create, Play & Earn
Through our decentralized nature and governance, we aim to build a more robust and equitable crypto-economy. Elfin Kingdom provides infrastructure tools that make game development faster and easier, making it a game-changer for the gaming and metaverse industry.
Join us and experience the future of industries metaverse applications!
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