EPIK Prime
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EPIK Prime

EPIK Prime Membership & Staking

Introducing the EPIK Prime Membership and Staking Utility

We’re proud to announce $EPIK Staking and Epik Prime Plus Membership on https://epikprime.com on September 9th.

Note: See below for related FAQ

We’ve made staking as easy as 1, 2, 3. We’re opening up staking to you in a really user-friendly way that will have you going in no time on your path towards becoming a staking pro! And then there’s this — our EPIK Prime membership opens up a world of privileges and awards for you that will make you want to reach for an EPIK Prime membership from day one!

Here are 6 key differentiators that will make you see why EPIK Prime is the place where you and our vast network of partners will want to be:

  1. Access to member only NFTs and in-game items
  2. Early access to certain items like presale NFT drops and in-game items
  3. Special Pricing on select items
  4. Qualify for NFT and in-game giveaways
  5. Early access to the Lockr App
  6. Earn staking rewards

Epik’s VP of Product, Darren Smith takes you on a guided tour of the Epik Prime membership and staking utility launch on epikprime.com.

EPIK Staking & Prime Plus Membership

Please note: Video shows Ropsten testnet as this Demo was recorded prior to Production launch. Once staking goes live, you will use regular mainnet for both Ethereum and Binance Smart Chain. Similarly, the staking values for Epik Prime and Prime+ are also to be ignored in the video.

Highlights

The more you stake, and the longer you stake, the higher the rewards!

Start staking today and begin earning your Epik Prime benefits.

  • You’ll earn rewards in ETH while you have EPIK staked on Ethereum, and in BNB while you have EPIK staked on BSC.
  • ETH and BNB rewards are calculated in real time based on the price of EPIK and the price of ETH or BNB. The APY is a yield on the value of EPIK tokens you have staked.
  • You can stake on both Ethereum and Binance Smart Chain at the same time with the same wallet; as long as you have EPIK in that wallet on each chain. Your membership status will be determined by the status level for whichever chain and wallet that you link to your profile.
  • You can unstake (withdraw) your EPIK at any time, however there is a cooldown period. (See FAQ for more related questions)
  • You can also claim your accumulated rewards at anytime with just one click! You will still continue earning yield on your staked tokens and can claim accumulated rewards again in the future.
Epik Prime Membership Levels and Benefits

FAQ

Question: How is the APY calculated?

Answer: The APY is dynamic and fluctuates based on the TVL of EPIK staked, the price of ETH (or BNB if staking EPIK on BSC), and the price of EPIK. The yield earned (represented by APY) on the EPIK you staked is converted to ETH (or BNB) based on realtime market prices and then rewarded to you in ETH (or BNB).

Question: What APY can I expect to earn?

Answer: The APY is dynamic and fluctuates based on the TVL of EPIK staked. Over time, we anticipate an average APY of around 6–15%, paid in the native token of the chain (either ETH or BNB). Our contracts calibrate regularly to achieve the target APY range, however, keep in mind that there may be daily fluctuations outside of that range the next calibration.

Periodically there will be promotional events where special APY rates will be offered. Anyone that is staked during those periods will benefit from the APY rate surge. To stay notified when promotions happen, follow us on twitter and telegram announcements.

Question: Is there a limit on the amount of EPIK tokens I can stake?

Answer: No, you can stake any amount of EPIK available in your wallet. There is a minimum staking amount required to reach Prime and Prime+ Memberships, however, you can stake more than these minimums and enjoy Staking Rewards on any amount of EPIK staked.

Question: Do I need to restake every month?

Answer: No, you can maintain membership level by maintaining the staking level required for each membership level and that’s it.

Question: Will the membership requirement levels change over time?

Answer: Yes, over time, the amount of EPIK required to stake for each membership level may change periodically. You can check your Profile at any time on your membership status.

Question: When and How can I unstake (withdraw) my staked EPIK?

Answer: There is a two-step process to withdraw your EPIK.

Step 1: Request Withdrawal. After requesting to Withdraw you must wait for the Cooldown period to complete before withdrawing the EPIK back to your wallet. You will still earn the APY during the Cooldown period.

Step 2: Once Cooldown is completed, you have successfully Unlocked your EPIK tokens for withdrawal. Simply continue to Withdraw Tokens to complete the unstaking (withdrawal) process and to transfer the EPIK back to your wallet. You will still earn the APY while any tokens are Unlocked but have yet to be Withdrawn.

Please note: Gas Fees will be used in each step of the withdrawal process.

Question: How do I claim my rewards (i.e. the ETH or BNB you earned from staking)?

Answer: Simply click the Claim Rewards button on the staking page, and authorize it in your wallet.

Question: Can I stake on both chains simultaneously?

Answer: Yes. However, only one wallet can be linked to your Epik Prime Profile at a time (You also have the ability to change which wallet you link). Rewards will accrue to any wallet you have staked with regardless if it’s the current wallet connected to your account.

Question: Can I stake using multiple wallets?

Answer: Yes. However, only one wallet can be linked to your Epik Prime Profile at a time (You also have the ability to change which wallet you link). Rewards will accrue to any wallet you have staked with regardless if it’s the current wallet connected to your account.

Question: Who do I contact if I need help?

Answer: Should you require any support, feel free to reach us at support@epik.gg

Follow our socials to stay up-to-date on the latest news and developments on the special member rewards and activities. Twitter, Instagram, Facebook, YouTube

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EPIK Prime Team

EPIK Prime Team

Epik unlocks digital worlds and enables the sale of premium, name-brand digital items; leading the way for brands to sell to new audiences. 🕹️🎮