Printer
Earn STAY tokens by Staking your ROCKS
Last updated
Earn STAY tokens by Staking your ROCKS
Last updated
Welcome to the Printer, where users embark on a journey of earning rewards by staking their ROCK NFTs. Whether you hold just one ROCK or a multitude, our tiered system ensures that every participant is rewarded according to their level of commitment.
We have crafted a dynamic staking system where users can leverage their ROCK NFTs to earn STAY tokens as rewards. This staking mechanism operates across 10 distinct tiers, each offering varying rewards based on the number of ROCK NFTs held by the user.
At each tier, users are presented with an opportunity to enhance their rewards further by opting to boost their rewards by locking STAY tokens (3 weeks locking period). This strategic boost empowers users to maximize their earning potential within the Printer ecosystem and simultaneously diminishing the circulation supply of STAY, giving a positive feedback loop and helping support stability and growth of the STAY token.
In summary, the Printer section of our whitepaper outlines a comprehensive staking system that incentivizes users to stake their ROCK NFTs, with rewards scaling according to the number of ROCKs held. Through strategic boosting and optional STAY token locking, users can optimize their earning potential while actively contributing to the growth and stability of the ecosystem. Example: Let's delve into a scenario where a user initially acquires one ROCK NFT, placing them in Level 1 of our staking program. Each ROCK NFT is priced at $500, reflecting a total investment of $500 for the user. Additionally, to participate in Level 1, users must acquire a badge priced at $62.50, bringing the total initial investment to $562.50. Despite the seemingly modest investment, their annual reward amounts to 15,000 STAY tokens, a testament to the inclusivity of our rewards system.
However, the opportunities for earning don't end there. Users at Level 1 have the option to boost their staking rewards by locking an additional 12,500 STAY tokens for a duration of 3 weeks. By doing so, their annual reward escalates to 17,500 STAY tokens, showcasing the potential for exponential growth within our ecosystem, even with a single ROCK NFT.
This example underscores our commitment to ensuring that every participant, regardless of their initial investment, has the opportunity to reap meaningful rewards from their engagement with our staking platform. Through the Printer section of our whitepaper, we aim to empower users to take control of their financial future while contributing to the vibrancy of our community.Epoch Duration: 8 hours
Distribution of STAY during Expansion: • LEVEL 1 - Rent Saver (1-5 ROCKS) Badge cost: $62.50 Return in STAYS/year per ROCK: 15,000.00 APR BOOST: LOCK 12,500.00 STAY Return in STAY/year per ROCK with BOOST: 17,500.00
• LEVEL 2 - Studio Pioneer (6-15 ROCKS) Badge cost: $187.50 Return in STAYS/year per ROCK: 17,500.00 APR BOOST: LOCK 37,500.00 STAY Return in STAY/year per ROCK with BOOST: 20,000.00
• LEVEL 3 - Apartment Investor (16-25 ROCKS) Badge cost: $312.5 Return in STAYS/year per ROCK: 20,000.00 APR BOOST: LOCK 62,500.00 STAY Return in STAY/year per ROCK with BOOST: 22,500.00
• LEVEL 4 - Home Strategist (26-35) Badge cost: $437.5 Return in STAYS/year per ROCK: 22,500.00 APR BOOST: LOCK 87,500.00 STAY Return in STAY/year per ROCK with BOOST: 25,000.00
• LEVEL 5 - Development Explorer (36-50 ROCKS) Badge cost: $625.00 Return in STAYS/year per ROCK: 25,000.00 APR BOOST: LOCK 125,000.00 STAY Return in STAY/year per ROCK with BOOST: 27,500.00
• LEVEL 6 - Commercial Dweller (51-75) Badge cost: $937.50 Return in STAYS/year per ROCK: 26,250.00 APR BOOST: LOCK 187,500.00 STAY Return in STAY/year per ROCK with BOOST: 28,750.00
• LEVEL 7 - Luxury Connoisseur (76-100) Badge cost: $1,250.00 Return in STAYS/year per ROCK: 27,500.00 APR BOOST: LOCK 250,000.00 STAY Return in STAY/year per ROCK with BOOST: 30,000.00
• LEVEL 8 - Business Tycoon (101-150) Badge cost: $1,875.00 Return in STAYS/year per ROCK: 28,500.00 APR BOOST: LOCK 375,000.00 STAY Return in STAY/year per ROCK with BOOST: 31,250.00
• LEVEL 9 - Real Estate Mogul (151-250) Badge cost: $3125.0 Return in STAYS/year per ROCK: 30,000.00 APR BOOST: LOCK 625,000.00 STAY Return in STAY/year per ROCK with BOOST: 32,500.00
• LEVEL 10 - The World is Yours (251+) Badge cost: $6,250.00 Return in STAYS/year per ROCK: 32,500.00 APR BOOST: LOCK 1,250,000.00 STAY Return in STAY/year per ROCK with BOOST: 35,000.00
Staked ROCKS indicates a number already deposited into the Printer smart contract by each individual user. Locked STAYS indicates the number of STAY tokens locked for APR BOOST. A countdown timer on the top right hand corner marks the locking period. Each time a user interact (deposit or withdraw) with the BOOST APR smart contract, the Countdown resets to 21 days. APR refers to the simple returns in USD value relative to the number of ROCKS staked. Note: APR fluctuates from time to time and is solely dependent on the price of STAY. The APR displayed in the Printer assumes a ROCK valued at $500. Unclaimed Rewards indicates the number of rewards already earned and waiting to be claimed. The USD amount is based on the current price of STAY. This amount is an estimate as there could be delays on fetching live price from the oracle.
