Staking - passive income for $FOUND hodlers 🚀🚀🚀
Diamond hands 💎 🙌 $FOUND will bring you many benefits!
- It is a token of various purposes, which means that it can be used to pay on ccFound for products and services
- It is deflationary - 10% of the platform's income in FOUND is used for burning and reducing its supply on the market
- The sell tax (in subsequent quarters 6%, 5%, 4%, 3%) is mostly also used for burning and additionally for rewards for stakeholders
- It allows for almost passive earning - hodlers receive 40% of the platform's income in the form of tokendy (requires writing at least one post per month on the platform)
- Fits into several key narratives on this hype: it is a meme, RWA, edu, and SocialFi
- Staking - that's what today's post is about 👇
The most important thing is to understand these two definitions: tokendy and rewards for stakeholders.
- Tokendy is awarded to every active hodler who holds their tokens on the platform (active means that their reputation will increase by at least one point from month to month).
- Rewards for stakeholders are awarded to every hodler who stakes their tokens. If they are active on the platform, they will also receive tokendy!
Where do the rewards for stakeholders come from?
In the smart contract $FOUND, there is an implemented sell tax. This means that each transaction on the DEX will be subject to tax. The sell tax will be 6%, 5%, 4%, 3% in subsequent quarters, of which half will be allocated to rewards for stakeholders. You can see the detailed breakdown of these funds in the graphic below.
From April 17th on the platform, it will be possible to stake your funds:
- 6 months - the staker will receive a reward each month proportionally to the staked tokens. If you stake 1% of all staked tokens, you will receive 1% of the entire reward pool
- 12 months - the staker will receive a reward each month proportionally to the staked tokens x2. If you stake 1% of all staked tokens, you will receive 2% of the entire reward pool
What do you need to know!
- ccFOUND allocates the equivalent of $50,000 in $FOUND tokens for rewards for stakeholders during the first month of staking! (at the TGE price of $0.05)
- Tokens allocated for staking cannot be withdrawn before the chosen staking period ends. This means that if you stake your tokens for a six-month period, you will not be able to withdraw them before six months have passed.
- Rewards will be distributed after a full calendar month of staked tokens to the same account.
- After the staking period ends, the tokens will automatically be transferred to your account on the platform, where you can withdraw them.
- You do not have to stake all your tokens, the minimum amount is 1 $FOUND.
- You can add tokens to staking every day. For example, you buy $FOUND on the exchange, send it to your account on the platform, and stake it!
- ONLY tokens that are unlocked can be staked. There is no possibility to stake tokens subject to vesting.
You can find a detailed guide here:
PL version https://docs.google.com/document/d/1Qh088E7sM8eUl8zEMsdvKme7CUFi276AF5Db67C5Qvk/edit?usp=sharing
EN version
https://docs.google.com/document/d/1tclBu0hgscCvsbESQoLJItNyzk0l2SrxBTFzakHu7mM/edit?usp=sharing
Diamond hands 💎 🙌 $FOUND will bring you many benefits!
- It is a token of various purposes, which means that it can be used to pay on ccFound for products and services
- It is deflationary - 10% of the platform's income in FOUND is used for burning and reducing its supply on the market
- The sell tax (in subsequent quarters 6%, 5%, 4%, 3%) is mostly also used for burning and additionally for rewards for stakeholders
- It allows for almost passive earning - hodlers receive 40% of the platform's income in the form of tokendy (requires writing at least one post per month on the platform)
- Fits into several key narratives on this hype: it is a meme, RWA, edu, and SocialFi
- Staking - that's what today's post is about 👇
The most important thing is to understand these two definitions: tokendy and rewards for stakeholders.
- Tokendy is awarded to every active hodler who holds their tokens on the platform (active means that their reputation will increase by at least one point from month to month).
- Rewards for stakeholders are awarded to every hodler who stakes their tokens. If they are active on the platform, they will also receive tokendy!
Where do the rewards for stakeholders come from?
In the smart contract $FOUND, there is an implemented sell tax. This means that each transaction on the DEX will be subject to tax. The sell tax will be 6%, 5%, 4%, 3% in subsequent quarters, of which half will be allocated to rewards for stakeholders. You can see the detailed breakdown of these funds in the graphic below.
From April 17th on the platform, it will be possible to stake your funds:
- 6 months - the staker will receive a reward each month proportionally to the staked tokens. If you stake 1% of all staked tokens, you will receive 1% of the entire reward pool
- 12 months - the staker will receive a reward each month proportionally to the staked tokens x2. If you stake 1% of all staked tokens, you will receive 2% of the entire reward pool
What do you need to know!
- ccFOUND allocates the equivalent of $50,000 in $FOUND tokens for rewards for stakeholders during the first month of staking! (at the TGE price of $0.05)
- Tokens allocated for staking cannot be withdrawn before the chosen staking period ends. This means that if you stake your tokens for a six-month period, you will not be able to withdraw them before six months have passed.
- Rewards will be distributed after a full calendar month of staked tokens to the same account.
- After the staking period ends, the tokens will automatically be transferred to your account on the platform, where you can withdraw them.
- You do not have to stake all your tokens, the minimum amount is 1 $FOUND.
- You can add tokens to staking every day. For example, you buy $FOUND on the exchange, send it to your account on the platform, and stake it!
- ONLY tokens that are unlocked can be staked. There is no possibility to stake tokens subject to vesting.
You can find a detailed guide here:
PL version https://docs.google.com/document/d/1Qh088E7sM8eUl8zEMsdvKme7CUFi276AF5Db67C5Qvk/edit?usp=sharing
EN version
https://docs.google.com/document/d/1tclBu0hgscCvsbESQoLJItNyzk0l2SrxBTFzakHu7mM/edit?usp=sharing
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