How to stake $INFT tokens?
By @SoftwareMaestroThis documentation will provide a detailed guide to staking, including information on how to begin the process, highlighting key points, and a discussion of annual interest rates.
First, let's understand the concept of staking. Staking is the process of investing tokens for a certain period in order to receive a percentage reward and increase the number of tokens after the end of a given period. This all happens passively without your participation; your task is to wait for the tokens to increase over a certain period. Token staking is carried out thanks to the decentralized platform @JVault. On their website - https://jvault.app/, you can start staking our tokens or create your own staking pool.
Let's move on to the process of starting staking. To get started, you will need NOT just regular $INFT tokens, but the staking version of them, $stINFT. The rate of these tokens is identical [1:1], the only difference is that $stINFT is intended for participation in staking. In order to buy them you will need to contact the administrator directly and make an exchange. You give TON and in return receive $stINFT at the same rate as $INFT tokens. Next, go to the site with our pool - https://jvault.app/stake/stINFT and select the desired period for fixing your tokens. Our staking is fixed, so you will not be able to withdraw all tokens before the end of the period; you will only be able to collect rewards that are awarded to you during the period.
Once the transaction is confirmed, you will receive an NFT in your wallet confirming your ownership of the staked tokens. You will need it in order to manage your position - collect rewards and complete staking. An NFT is a liquid asset, you can sell it and this will transfer the rights to the staked tokens to the new owner.
We will discuss information about periods, annual percentage [APR%] and what number of tokens is more profitable to invest. Our staking offers different annual interest rates ranging from 11.25% to 21.75%, depending on the period you choose.
All possible periods of our staking:
- 7 days - APR 11.25%
- 14 days - APR 13.35%
- 30 days - APR 16.45%
- 60 days - APR 21.75%
Let's look at an example to determine how many tokens you will receive if you invest 10 $stINFT for each period. Considering interest rates, the more tokens you lock in, the higher your profit will be.
- 10 $stINFT — 7 days
Annual Percentage (APR): 11,25%
Received at the end of the term: 0,02148 $stINFT - 10 $stINFT — 14 days
Annual Percentage (APR): 13,35%
Received at the end of the term: 0,05101 $stINFT - 10 $stINFT — 30 days
Annual Percentage (APR): 16,45%
Received at the end of the term: 0,1348 $stINFT - 10 $stINFT — 60 days
Annual Percentage (APR): 21,75%
Received at the end of the term: 0,3584 $stINFT
Thank you for your attention to our documentation. We hope that with this information you now have a more detailed understanding of our staking principles and have a complete understanding of how to get started participating. If you have any further questions or need additional information, please do not hesitate to contact.