DigiCol
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DigiCol

Launch of DigiCol NFT Marketplace and DGCL Uniswap Staking

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We are thrilled to announce that the DigiCol platform will be officially launched on 31 March 2021. DigiCol is a peer-to-peer NFT art marketplace that allows anyone to seamlessly create their own digital art collectibles with no coding knowledge required and earn rewards by launching them into the liquid marketplace.

DigiCol outshines other NFT platforms since it is the world’s first NFT art marketplace to integrate DeFi features into the platform. Users will be able to stake and even collateralize their NFTs on the elaborately designed platform to maximize their capital efficiency (which will be available in the next phase).

Central to the platform is DGCL, Digicol’s platform governance token. By owning DGCL tokens, users will ultimately be able to vote on proposals that affect the platform, moderate creators and curate featured artwork in the future.

Update: The APY for DGCL Uniswap staking has increased from 50% to 100%! This change will apply from June 24. DGCL holders can simply stake the tokens by providing liquidity into the DGCL-ETH and DGCL-WBTC liquidity pools. Our system will calculate the rewards automatically and payout at the end of months.

DGCL Uniswap Staking

Celebrating the grand launch of DigiCol, we will launch the DGCL-ETH and DGCL-WBTC staking on Uniswap. It is a yield farming program that allows DGCL holders to earn passive incomes by providing liquidity into the DGCL-ETH and DGCL-WBTC liquidity pool. The program will officially commence on 1 April 2021.

DGCL Staking Rewards

DigiCol distributes pro-rata staking rewards for those who provide liquidity to DGCL/ETH and DGCL-WBTC pool on Uniswap. This implies that all payouts will be distributed every 30 days according to how many DGCL tokens (staked amount) and how long (days staked) they were staked while the annual percentage yield (APY) is 50%. The reward campaign pool is 5,000,000 DGCL capped. Keep in mind that only those who stake for at least 30 days consecutively are eligible for the rewards.

The staking rewards will be paid out to the deposit address which provides liquidity to DGCL/ETH and DGCL-WBTC pool on Uniswap. The distribution is on the last day of every calendar month and it is first-stake, first-served within the 5,000,000 DGCL reward pool.

Payout Eligibility

  • Minimum staked amount: 1,000 DGCL
  • Minimum staked duration: 30 days
  • Expected APY: 50%*
  • Stake Pool Size: 5,000,000 DGCL

Payout Distribution

  • Pro-rata payout = Staked Amount * > 50% * (Days staked / 365)
  • Payout format: DGCL
  • Payout date: the last day of every calendar month
  • Payout address: the deposit address which provides liquidity to DGCL/ETH and DGCL-WBTC pool on Uniswap

To ensure accuracy, we will run the calculations every minute to confirm the staked amount and days staked.

DGCL/ETH Pool on Uniswap: https://info.uniswap.org/pair/0x8f1c582b85259f7bbdb8c093f58268131a4ecd87

DGCL/WBTC Pool on Uniswap: https://info.uniswap.org/pair/0x3c5bc06fe26f2124aa937040ba024524cefc63fd

*At present, the APY is 50%. DigiCol can change that in the future.

Payout Example

  • You stake 10,000 DGCL from 15 Apr 2021 till 30 Apr 2021.

> You will NOT get the staking reward because the staked duration does not meet the minimum requirement of 30 days.

  • You stake 10,000 DGCL from 15 Apr 2021 till 31 May 2021.

> You are eligible to get the staking reward because the staked duration exceeds the minimum requirement of 30 days.
> The reward is first-stake, first-served within the 5,000,000 DGCL reward pool.
> The reward is pro-rata. In this case, the amount will be “10,000 DGCL *50% * (47/365)”

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