The Revomon team are pleased to announce that staking will open the 31st of May at 19:00 UTC for your $REVO tokens!
Staking will be available for all token holders from trainee upwards (i.e. holding a minimum of 1,000 $REVO — read full details of our Tier System here).
NB: The staking protocol uses binance smart chain.
📗What does staking mean ❓
- Staking — lock your $REVO tokens up for a fixed period and receive additional $REVO tokens as a reward*.
*Rates will be monitored and may be modified periodically to keep $REVO emissions within the teams target levels.
🌌Staking Overview
There are three different durations available for staking. Durations are fixed so when a user stakes their $REVO tokens they will be locked for the full duration of the pool.
In exchange for locking the tokens the user will receive interest on their holdings. The annual percentage rate (APR) payable will depend on the duration selected, and a higher APR is paid for a longer duration lock.
The pools and APR are as follows:
- 1 month pool: 80% APR
- 3 months pool: 110% APR
- 6 months pool: 150% APR
The rewards are accrued linearly and can be claimed at any time.
📈Tier Bonus
Tier hodlers will receive an additional APR bonus in all pools.
The bonus APR is as follows:
For example, if a Elite tier user chooses the 6 months period (150% APR) his bonus will be calculated as follows: 150% + 70% = 220% APR
NB: Your tiers is defined with the tokens amount you are holding. To enter the pool and get your % bonus, you will have to stake the minimum amount corresponding to your tier. You cannot get a lower tier.
NB2: The diamond hands boost is not usable in this situation as the required amount has to be locked to enter the staking pool.
Regarding farming, more info will be shared in the next days.
Revomon is a new virtual game world where items and monsters are owned by its users. Community driven model. Revomon is a VR collectible game built on blockchain.
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Website: https://revomon.io/
