Early Claim for P-NFTs Staked for at Least 18 Months
Hi explorers! If you can recall during Iskra’s First Governance Voting early this year, one of the proposals that had been passed was the conditional instant unlock function, otherwise referred to as “early claim”, of staked P-NFTs. This is set to upgrade the lockup mechanism for ISK distributed as P-NFT rewards.
This function is available to P-NFTs staked for at least 18 months and since our first batch of Pioneer NFTs (P-NFTs) was sold back in June 2022, this function is expected to start in December this year.
If you have a P-NFT that has been staked for at least 18 months, you can opt to activate the “Early Claim” function on your P-NFT staking rewards that comes in the form of ISK.
All you have to do is select the desired quantity of ISK rewards you want to claim and activate the “Early Claim” function.
By doing so, 50% of the ISK reward quantity you selected will be burned and the remaining 50% will be unlocked immediately.
For example, a staked P-NFT received a total of 100 locked ISKs. If the user activates the “Early Claim” function by selecting a quantity of 4 out of 100, 2 will be burned and 2 will be unlocked immediately. The remaining 96 remain locked.
Please note that you don’t have to unstake your P-NFT in order to activate “Early Claim”, and there is no limit on how many times you can use the feature. However, you also have the option to wait until it unlocks automatically instead of using this.
By having the option to “Early Claim” their P-NFT staking rewards, Pioneers are free to choose their position against the market environment.
About Iskra
Iskra is a single-destination Web3 game platform for developers and players that rewards them for their contribution and participation through a unique community system on the blockchain. This allows stakeholders to take a major part in building the platform for future growth.
Current services include a wallet, DEX, marketplace, NFT Mission Card (daily reward), governance staking and voting, and soon-to-launch Web3 casual and hyper-casual games.
Backed by some of the biggest technology and video game companies in South Korea, Iskra ranks in the top categories for gaming in DappRadar for unique active wallets per day and engagement.
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Originally published at https://news.iskra.world on November 29, 2023.
