July 20, 2021 marks the launch of $ADD Liquidity Staking on Add.xyz. If you have been following us on our social media and announcement channels, you know our users and we share the same excitement of launching Staking as it will allow you to earn $ADD Tokens, just for holding them.
ADD Liquidity Staking is hosted on Uniswap with the ADD-ETH Pair. All you need to do is deposit your ADD, pay the fee in ETH, and the staking will automatically start. Once you connect your metamask wallet, you can see the ADD rewards you have earned at any point of time with ourstaking. The staking reward is kept at an incremental rate with more rewards to be distributed to the users if more users stake ADD on our platform.
Important —If our ADD-ETH staking pool receives a significantly good response and deposits, we will be opening two more staking pools with USDT and DAI pair with a lot higher APYs.
ADD Staking will continue till the creation of 175,000 blocks. With each block groups (BG) having 5000 blocks, a total of 35 BGs will be created in this process where each BG will start rewarding 120 ADDs. As mentioned the incremental model above, the rewards will increase up to 600 ADD Tokens per BG.
With Staking, we aim to offer an active incentivization model to $ADD Token Holders to earn rewards for being an #ADDxyz investor and putting your trust in us.
A total of 10,200 ADD tokens will distributed in this pool. As mentioned above, if this pool succeeds, we will open more ADD staking pools with total rewards as high as 10 times the current
ADD.xyz ran a poll as we were working on 2 products simultaneously — Staking and +Governance. With unanimous decision, you decided to push us to launch Staking first, and thus we pushed the launch to the earliest possible date, only for you.
Staking of $ADD will expand our network, stimulate adoption, encourage users to hold $ADD tokens for a longer-term and infuse liquidity into the system. More the liquidity, the better the rewards you will be earning as more blocks will be mined on the blockchain.
