Event Closed

Description

1 INTRO

Metasnacks unlocked staking program differs from other NFT projects and has a number of advantages. Here are the rewards & benefits we offer our stakers:

-For starters, our staking rewards will be paid in Ethereum unlike other projects that offer their own ERC20 tokens.

-Secondly, Metasancks staking is reserved for minters only.

(see HOW IT WORKS? below)

-Thirdly, as the project grows and initial minters begin selling/unstaking their Metasnacks NFTs, the number of stakers will decrease. In turn this will cause an exponential growth in staking rewards for those who are true Hodlers! (wagmi)

2 HOW IT WORKS?

Metasnacks staking is reserved for minters only. No secondary sale NFTs can be staked. As soon as a Metasnacks NFT is minted, it will automatically be registered for staking. No action will be required by minters to stake their NFTs. There is no lock up period for staked NFTs. Stakers will have the ability to sell their Metasnacks NFTs at any time, but if they chose to do so their NFTs are automatically removed from staking and cannot be restaked. Our unique staking system allows more freedom for our stakers compared to traditional NFT staking. The Metasnacks staking program will encourages people to HODL and not sell their minted Metasnacks NFTs post reveal. This strategy will benefit Metasnacks holders and strengthen the entire Metasnacks ecosystem.

Every 30 days after minting closes, 50% of all Opensea secondary sales royalties will be divided equally amongst remaining Stakers. Stakers will then have 30 days to claim their portion of these rewards. If stakers do not claim in this 30 day period, their rewards will be added to the ETH pool for the next 30 day period. The staking contract will be active for three years. (Stakers are responsible for gas fees when claiming rewards)

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