Stake & Burn with Kaby Arena: 100M $KABY up for grabs
With the aim of both engaging the community and promoting the ecological development of Kaby Arena, we will be launching the Stake and Burn to Earn Campaign! Users will be eligible for a free KABY giveaway, worth a total 100M KABY tokens.
The campaign is expected to start at 9 AM UTC on Friday, March 11th, 2022 and last for 50 weeks.
Staking Link: https://kabyarena.com/app/stakeboard/0
Instructions for Stake & Burn Campaign:
For 50 weeks, users can stake $KABY, $KABY-$BUSD or burn $KGT, NFTs for points. Besides simply staking your tokens, you can choose to burn KGT or your redundant NFTs to get rewards in return. This also helps prevent $KGT/ NFT inflation in the future.
The number of points will be proportional to the active participation of the user and will be converted as shown in the table below:
*Note: Genesis NFT burning will yield double the point of other NFTs
KABY tokens will be rewarded to users on a weekly basis over a 50-week period. Every week, participants can claim their share of 2M KABY based on how many points they accumulated during that week.
We have the UI to view the total points of a connecting wallet and how many KABY tokens they will receive in next claim as follows:
Disclaimer: This is for illustration purposes only, actual UI may be different.
Staked $KABY and $KABY-$BUSD pair will be locked for the whole period of 50 weeks. The goal is to encourage users to accumulate and hold Kaby assets over a longer period rather than having a big rush up until the snapshot followed by a dump shortly afterwards.
That’s all, easy enough Kabicians? Happy staking and earning with 100M KABY tokens ready to be claimed during 50 weeks! Remember, the more engagement you have, the more rewards you will earn!
Also don’t forget to get involved with the community and stay up to date on everything Kaby using the links down below.
Website | Twitter | Telegram | Discord | Medium | Telegram Announcement | YouTube
