XOCIETY Frontier NFT staking opens on June 3rd

Published in

XOCIETYOFFICIAL

3 min readMay 31, 2024

After feedback from our Pioneers, the new Staking system is so close

Pioneers your Frontier Avatars are about to become more rewarding, thanks to Staking! Staking will be live from June 3rd letting you earn weekly NTx.

Why do you want NTx? NTx will be the only way to get your hands on CORPORATE NFT — giving you ownership in the world of XOCIETY, and with NTx eventually converting to our native token this is the perfect time to get yourself involved. You don’t want to miss out.

Pre-Staking of Frontier Avatars will officially launch on June 3rd, letting you pre-stake your Frontier Avatars to start earning immediately from June 9th.

But there’s more…

Two weeks double the staking rewards!

For the first two weeks, all staking rewards are doubled! That means that no matter what your final boost effect is you can x2 it and be seriously rewarded. Pioneering and being early is the way to be rewarded in XOCIETY!

This means for the first two weeks you can earn up to 7,200 NTx if you were staking the absolute maximum.

How does XOCIETY Staking Work?

You need to know the basic ways it works. Strap in and get Ready for the deets.

Top-level information

Stake up to 25 Frontier Avatars per wallet to earn NTx
Claim weekly for a 5% boost to that week’s claim.
The rarer the Frontier Avatar Grade the more NTx you earn
Each Frontier Avatar grade has a staking boost
The more Frontier Avatars you stake the more multiplier boost is applied
The rarer the Frontier Avatar staked the more grade boost is applied
Combine both boost types for a max boost of 80% to your default NTx reward

Detailed information

Frontier Avatar Holders can earn tokens (NTx) as rewards, which can be exchanged for XOCIETY’s native token in the future, by participating in staking. You can stake a maximum of 25 NFT per wallet address, and these will be hard staked and sent as one transaction. Staking will not affect your ability to play in Game nights or Holder Tests.

Every Frontier NFT you stake will add boosts to your earnings. Split across two types, Grade Boost and Staking Boost.

Boosts are calculated separately based on the number and grade of NFTs staked and then combined. Depending on the number of staked NFTs, you can receive a maximum boost of 50%, and depending on the grade of staked NFTs, you can receive a maximum boost of 30%. Combine these two for a maximum boost of 80%.

*You can run simulations on staking rewards to work out your max rewards.*

Staking runs weekly. You must set your staked NFTs before Saturday 23:59 UTC+0 to earn rewards over the next 7 Days and keep the NFTs staked until after the following Sunday 00:01 UTC+0.

Once the period ends with NFTs staked, you can check the rewards allocated on the staking page.