$PS1 Staking is finally Here…..
You asked. We listened!! Polysports is thrilled to announce the launching of its Staking Program. We always strive to do what is best for our ever-growing community. Holders of $PS1 will now be able to stake their tokens and generate a return. Exciting isn’t it?
$PS1 staking will be available on the Polygon network from May 14th, at 5:30 PM UTC, followed by the BSC network on May 16th. However, deposits for the Rookie Pool are now open on the Polygon Network. The rewards will start accumulating from May 14th, at 5:30 PM UTC.
Staking Program Highlights:
1. A rewards pool of 4.45 Million $PS1 tokens
2. Three phases of staking
- The Rookie (30 Days)
- The Hotshot (60 Days)
- The Legend (180 Days)
3. Handsome starting APR of up to 8-digits with a minimum guaranteed APR of 35.5% (The Rookie)
4. Earn exclusive NFT drops
How to Stake? Follow these few easy steps:
Step 1: First, if you don’t own any PS1 tokens, head over to MEXC, QuickSwap, or Pancakeswap to get them. You can click here to learn how to get PS1
Step 2: Send the $PS1 tokens to your Metamask wallet. Click here to know-how.
Step 3: Go to our staking website and connect your Metamask wallet. (https://staking.polysports.io/)
Step 4: As per your $PS1 token balance enter the amount you wish to stake and click on ‘Stake’
Step 5: Give permission to access your $PS1 by clicking on ‘Confirm’
Step 6: You will have to wait for a few seconds for the transaction to process and again click on Metamask
Step 7: You will have to approve the staking by clicking on ‘Confirm’ again, and you are good to go!
The staking will be launched in 3 phases. Early stakers will enjoy a higher starting APR (Annual Percentage Rate), i.e., better returns.
Phase 1: The Rookie (30 Days): This phase will have a 3 million token cap split equally between the Polygon and BSC networks. Stakers can enjoy a whopping 8-digit starting APR with a minimum guaranteed APR of 35.5%
Phase 2: The Hotshot (60 Days) and Phase 3: The Legend (180 Days) will be launched later. Higher staking volume and longer duration will result in better returns.
Other than earning $PS1, select stakers will also be eligible to receive NFT drops.
Stay tuned for more details!
Exciting times await the Polysports community in the coming months. Please ensure you follow all our social media handles to stay updated about our upcoming events
About Polysports
PolySports is the first Fantasy Sports & NFT metaverse platform that aims to be a bridge between blockchain and billions of sports fans around the world. On Polysports, users can build their own virtual teams, compete and earn crypto playing fantasy sports. Also, create, collect and trade sports NFTs & play casual and RPG games in the metaverse.
The DeFi features on Polysports allows users to earn by participating in yield generating activities like staking tokens and NFTs, farming LP tokens and much more.
Connect with us!
Website | Twitter | Telegram Ann | Telegram Comm | Medium | Youtube
