Staking Rules
Muverse Earn Plans: Staking is the new way for users to earn rewards in Muverse. The purpose of Muverse staking is to encourage you to hold headphones NFTs and MCT tokens for rewards. Different from the traditional token staking plan, which is more likely a financial plan, users who participate in the "staking plan" in Muverse still need to interact with Muverse App every day in order to obtain staking rewards. At the same time, the staked tokens and headphones NFT are temporarily removed from circulation. and it is helpful to the game's economy.
There are two types of staking plans, the Flexible staking and the Fixed staking:
Flexible Staking
Flexible Staking with higher flexibility: the staking period is only 7 days, and can be ended at any time.
By choosing the Flexible Staking Plan, you will agree to stake your headphones NFTs and MCT tokens for a minimum of 7 days; Unstaking before the end of 7 days will lose 90% of earned rewards.
After 7 days, you can cancel the staking to redeem your headphones NFTs and MCT tokens, claim rewards at any time.
Fixed Staking
Fixed Staking with higher rewards: the longer the staking period, the higher the rewards. During the Fixed Staking period, the staking cannot be canceled. You can only redeem your headphones NFTs and MCT tokens, while receiving rewards after the end of the locking period .
Currently, there are 2 staking plans:
90 days
180 days
FAQ
How to choose a staking plan?
Currently, there are 2 available staking plans: 1 Fixed Staking plans and 1 Flexible Staking Plan. Each plan differs in staking period and APR: the longer the period, the higher the rewards. You can also refer to the APR in the staking plan:
APR, or Annual Rate of Return, is the annual rate of return you can get from staking in a year.
Note: The APR displayed by default in the staking plan is only the lowest estimated reward as reference, and you will be able to see the final and accurate APR when you initiate the staking.
How to increase staking APR?
You can increase the APR by staking on headphones with higher tone quality.
Is there a hard cap for launching a staking program?
There is no hard cap currently, and each account can initiate multiple staking plans at the same time.
What are the requirements for receiving staking rewards?
Each staking plan has reward requirements, and the staking rewards can only be obtained if if you meet the reward requirements every day.
Flexible Staking: consume 9 energy per day
90 days: consume 3 energy per day
You can check your staking requirements completion progress of the day in Muverse Earn Plans at any time.
How do I calculate the energy cosumption and rewards when I have initiated multiple staking plans ?
Here are 3 examples for you to understand the rules:
I) When you have initiated 1 Flexible Staking Plan + 2 90 days Fixed Staking plans, and your daily energy consumption is 3, then your daily reward will be 1/3 Flexible Staking reward + 100% Fixed Staking reward.
II) When you have initiated 1 Flexible Staking Plan + 2 90 days Fixed Staking plans, and your daily energy consumption is 9, then your daily reward will be 100% Flexible Staking reward + 100% Fixed Staking reward.
III) When you have initiated 3 90 days Fixed Staking plans, and your daily energy consumption is 3, then your daily reward will be 100% Fixed Staking reward.
Has staking increased token inflation?
Absolutely not！For the stakers, participation in the staking is similar to receiving a future MCT token option, and the staking needs to meet the exercise requirements to receive the reward. The maximum MCT reward amount in the Muverse Staking Plans is almost equal to the maximum MCT amount that can obtain by participating in the Muverse rhythm game.
The user does not need to play the game to earn nearly the same MCT reward amount by participating in the staking, but the headphones NFTs are not available to use (e.g gameplay, upgrades, mint, trade etc.) during the staking period.
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