Introducing GASLESS STAKING for Ninja Squad NFTs
Buckle up, citizens of the Ninja Dojo… You’re invited to experience GASLESS STAKING of your Ninja Squad NFTs — something we might be seeing for the first time in the NFT space.
Keeping our community at the forefront of everything we do, we wanted to optimize the staking experience and make it as easy and cost efficient as possible for our holders.
We’re now ready to shout it over the roofs 📢
YOU WILL NOT PAY GAS FEES TO STAKE YOUR NFTS!
Let’s dive into the details👇🏻
WEN STAKE?
June 15, 2022 Wednesday
WHY STAKE, WHY NOW?
Simply put, staking will enable us to reward community members who are active and engaged. Holders who are intentional about their presence in the Ninja Squad community will be rewarded with daily $NST yield as long as they stake their NFTs.
In the mid-long term, this will help to maintain the health of our tokenomics and optimize the listing ratio and floor price movement of Ninja Squad NFTs.
It’s all in the favor and longevity of our project.
HOW DO I STAKE?
Super simple!
- Visit https://ninjasquadnft.io/
- Connect your wallet and select the Stake tab on your Ninja Base menu
- Choose which NFTs you want to stake (you can choose ALL)
- Click the “Stake” button!
Staking period is 14 days, which means you have to wait for the 14 day period to be over before unstaking your NFTs, to make sure your NFT yields the promised amount of $NST.
Your NFT(s) will yield the same amount of $NST based on your ninja trait as before.
Quick math to share an example: If you have one deep-alpha ninja and you send it to staking for a single staking period, you will yield 14*3=42 $NST.
Did we say you can stake your ninjas without paying any gas fee?!
Yeah, I don’t mind saying that again. :)
The staking period keeps renewing itself unless you stop it and unstake your ninja(s). So, you don’t need to go into your Ninja Base and re-stake your ninja(s) every 14 days. Staking will renew automatically!
CONDITIONS TO STAKING?
You can stake your ninjas as long as they are not listed.
FINAL WORDS
By launching our gasless staking system, we wanted to create a healthier and more sustainable ecosystem for our community members. It will not only be a more fair reward mechanism for our committed community members, but will also boost our tokenomics, and our project overall.
Here’s our detailed FAQ document for any other questions you may have. As always, feel free to ping our Mod team on Discord if you’re still confused or open a ticket if you’re having any trouble/technical issues.
