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Everything You Need to Know About UREEQA Staking Ahead of Next Week’s Launch

The URQA token has been listed on the Bittrex Global Exchange less than a week, but we are already increasing token utility by offering UREEQA believers a new way to earn URQA.

UREEQA, through its partnership with Ferrum Network, will now offer staking! Staking pools will be open and available on our website on Monday May 3rd at 16:00 UTC.

The longer you stake, the more you earn. But you’ll have to dive into a pool quickly, because UREEQA Staking is only open for five days.

What do these pools look like?

Those looking to take advantage of this opportunity will have three pools to choose from: Shakespeare, Mozart and da Vinci. Each will contain a 500,000-token cap, but the yields, early rewards, maturity dates and minimum contributions differ.

Shakespeare offers a 20% APY with a mandatory lock of 30 days, a maturity date of 60 days and an early withdraw reward of 5%. There’s no minimum contribution.

Mozart offers a 30% APY with a mandatory lock of 45 days, a maturity date of 90 days and an early withdraw reward of 10%. The minimum contribution is 250 tokens.

da Vinci offers a 50% APY with a mandatory lock of 45 days, a maturity date of 120 days and an early withdraw reward of 15%.The minimum contribution is 500 tokens.

The maximum contribution for all three pools is 100,000 tokens.

If you withdraw early and collect your early withdraw reward, the token rewards that you would have been eligible for at the full APY will be redistributed amongst the pool participants that stick around until the maturity date.

How do I get into a pool?

It’s about as simple as a cannonball, but instead of a bathing suit you’ll need your MetaMask.

1. That MetaMask (an Ethereum-based web wallet) can be downloaded and installed here.

2. ADD URQA to your MetaMask. The contract address is: 0x1735Db6AB5BAa19eA55d0AdcEeD7bcDc008B3136

3. Deposit enough into your MetaMask to cover your pool investment (URQA) and gas fees (ETH).

4. Go to the UREEQA Staking page on our website (visit Investors tab @ http://ureeqa.com). UREEQA Staking launches Monday, May 3rd at 16:00 UTC.

5. Select the staking pool you wish to contribute to (Shakespeare, Mozart or da Vinci) and press STAKE when it opens up.

6. Authorize your MetaMask to be connected to the staking smart contract.

7. On the specific pool page, press STAKE.

8. Read and understand the disclaimer and agree to the terms.

9. Input the amount of URQA you wish to stake.

10. Confirm the amount is correct and approve the allocation.

11. MetaMask will pop up. Allow MetaMask to spend your URQA (i.e. send your URQA to the staking contract) and press CONFIRM.

12. Confirm your staking transaction is accurate and press SUBMIT.

13. MetaMask will pop up again. Confirm your transaction in MetaMask. You can edit the Ethereum Network gas fee in MetaMask by pressing EDIT and choosing a custom gas fee. However, lower fees have slower transaction times.

14. Wait until the transaction goes through (see countdown on the right corner of the page). Your stake should be confirmed in a matter of seconds!

How do I unstake?

The option to unstake will open up in 30 days for the Shakespeare pool and 45 days for the Mozart and da Vinci pools. We will publish a guide to unstaking closer to that time.

But that’s not all!

If you can, be sure to hold on to at least 500 URQA in order to qualify for the platform’s soon-to-be-released UREEQA Exclusives.

UREEQA Exclusives will offer Tokenholders early access to validated NFT sales, discounts and more. But again, you’ll need to hold at least 500 URQA to get in on the action, so please keep that in mind when you’re staking!

Alright, now everybody in the pool!

About UREEQA
The UREEQA platform strives to protect Creators’ work, their rights and their revenue by harnessing the power of blockchain technology.

Established in Canada in 2020, UREEQA will modernize the inefficient and bureaucratic systems currently in place for copyright, patent, industrial design and trademark protection. By building a robust and compelling Package of Proof for source creative work, UREEQA only mints Validated NFTs to represent creative rights. This helps keep buyers safe by giving them confidence that the work they are purchasing was minted by the smart contract approved by the Creator of the work and is therefore authentic.

UREEQA provides value and opportunities for its Creators, Validators and Tokenholders via URQA, the token at the heart of the UREEQA ecosystem.

For more information on UREEQA and upcoming announcements please visit our website UREEQA, join our Telegram channel here, and follow us on Twitter here.

Disclaimer:
Statements in this article, including any statements relating to UREEQA’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in technology development and commercialization. As a result, actual results may vary materially from those described in the forward-looking statements.

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