AwesomeX Hybrid NFTs STAKING (Coming Soon)
Providing ROI from AwesomeX Universe protocols.
How the Staking contract for the AwesomeX Hybrid NFT's operates.
This smart contract will allow holders to stake their Hybrid NFT's to earn and accumulate AWX over time.
This Staking Payout is fed by various AWX Universe protocols including DRACO
The staking payouts are claimable every 28 days.
There are no late claim penalties for rewards.
Rewards will accrue if unclaimed.
The Staking Payout Pool scores the amount of NFT's the user has staked + the tier of each. This gives a share number based upon how many NFTs are currently staked. This share number calculates the users rewards.
Ex: The Gold Tier is 10X more expensive than the Awesome Tier thus receives 10X more shares.
The Elite Tier is 10x more expensive than Gold. Which makes Elite receive 100x more shares than Awesome.
If a user does not stake their NFTs, they don't earn any rewards
Once staked, NFTs must stay staked to continue accruing rewards.
By staking, the user transfers their NFT to the smart contract. If they wish to transfer their NFT to a different wallet, sell on the open market, or burn it for the collateralized tokens, they would need to unstake it.
Users will be able to choose what NFTs they want to stake, so it is not required to stake all NFTs in a wallet.
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