STAKING
Staking Pool: Enhancing Engagement and Rewards in the PGU
Last updated
Staking Pool: Enhancing Engagement and Rewards in the PGU
Last updated
In the PLYR Gaming Universe (PGU), staking serves as a strategic tool for players looking to enhance their position on the GameStake Leaderboard and secure additional rewards. This section details the staking mechanisms available to GAMR token holders, including the options to stake for increased leaderboard influence and to participate in dedicated staking pools for additional benefits.
Players have the option to stake GAMR tokens to improve their leaderboard standings. This feature is particularly advantageous for hardcore players with significant investments in the game, as it allows them to leverage their stake for greater rewards. The cap on how much a player can stake will be determined through a decentralized autonomous organization (DAO), ensuring that the community has a say in setting these limits.
Two major staking pools will be introduced, each running for a duration of four years:
Stake GAMR to Earn GAMR: Participants in this pool can increase their GAMR holdings by staking their tokens, enhancing their investment's value.
Stake GAMR to Earn PLYR: This pool allows players to diversify their earnings by staking GAMR and receiving PLYR tokens in return, adding an extra layer of reward potential.
To maintain the integrity and stability of these staking pools, several features are implemented:
60 Days Lock Feature: Once staked, GAMR tokens will be locked in the pool for 60 days to stabilize the pool's liquidity and ensure a consistent reward distribution.
Tax Contribution: A minimal tax of 0.1% on transactions within these pools will be directed towards the GameStake Pools, further supporting the reward mechanism of the PGU.
Forced Withdrawal Option: While staking is designed to encourage long-term participation, players can choose to withdraw their stake before the end of the lock period at a penalty fee of 5%. This feature provides flexibility for players who may need to access their funds prematurely.
