Unique $CATCH staking mechanics— All you need to know
The launch of the $CATCH token is planned for March 28th at 10 am UTC. An hour earlier, at 9 am UTC, the claim tokens from the pre-sale and also the airdrop will be launched. Additionally, unique $CATCH staking will also be launched at the same time. We will explain the staking and its mechanics in today’s article.
Halving mechanics
Similar to Bitcoin, $CATCH will have its halving mechanism. However, while Bitcoin has halvings every 4 years, $CATCH will have halvings every year. Since staking is planned for 5 years, you will witness a total of 4 halvings.
A huge advantage of the halving mechanism is that early users are rewarded the most. This is a significant issue, especially in GameFi projects currently. These gaming tokens have significant inflation, which quickly disadvantages early users as the value of their investment declines rapidly. Potential staking in these games is insufficient to beat inflation and maintain the portfolio’s value because a large portion of the inflation consists of tokens designated as “rewards” for players. However, this reward is essentially pure inflation, which devalues the investments of early adopters.
In this case, $CATCH is a unique GameFi token and rightly carries the title of Next Generation GameFi token.
An important factor is that $CATCH does not serve as an in-game reward token, which minimizes its inflation. Additionally, 43% of all tokens were sold in multiple rounds of pre-sale. Consequently, a much smaller amount of new inflationary tokens will be created. Already in this aspect, early adopters are placed in a much more comfortable position than in the case of other gaming projects.
Here enters halving staking. Thanks to this unique mechanic, rewards for stakers will amount to 10,300,000 tokens from the total staking pool of 20,000,000 tokens in the first year alone. Considering that the circulating supply will be low in the first few months, stakers will be able to earn huge rewards, easily covering the total inflation of the $CATCH token and even surpassing it.
Early adopters/stakers will be the ones who benefit the most. And this is our goal. SpaceCatch always rewards the community and we value early supporters the most, who have been with us since the beginning when SpaceCatch was just a bold vision but today is becoming the leading project of the new generation of GameFi projects.
How to stake
You will need to go to the website SpaceCatch.io. Always double-check the domain. The only correct domain is https://spacecatch.io/.
Then click on “Token” -> “Staking” on the top bar. Alternatively, you can directly use the golden “Staking” button in the top right corner.
You will be redirected to the staking page, where you will need to connect your wallet. Note that you need to have the Arbitrum One network selected in your wallet and < 1 USD in ETH for fees, also on the Arbitrum One network.
After connecting the wallet, you will be able to choose how many tokens you want to stake. Note that this is locked staking. After confirming the staking, a 90-day period will start during which the staked tokens are locked. Rewards will be credited to you daily, while the locked ones will not be.
After the end of the 90-day lock period, your staking will continue as usual and rewards will continue to be credited to you. Then, you can unstake at any time and receive the tokens back into your wallet immediately.
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