🏆Staking
Last updated
Last updated
In the Playtoo ecosystem, staking $PLT tokens not only signifies a commitment to the platform's growth but also unlocks unique rewards. Building upon our weekly sweepstake, we introduce the "Enhanced Chance" staking bonus. Here's how it amplifies engagement and sustainability:
Volume-Based Probability: The more $PLT tokens a user stakes, the higher their probability of winning in the sweepstakes. This mechanism incentivizes prolonged staking and deeper involvement within the ecosystem.
Stake for Tickets: Each 1,000 $PLT staked grants the user an additional entry ticket into the sweepstake, augmenting their chances of success. It's a straightforward yet powerful boost that adds excitement to participation.
Exclusive 'Stake-to-Earn' Events: Playtoo will periodically host 'stake-to-earn' events. By staking $PLT tokens for a predetermined period, users gain access to special sweepstakes. These events will feature larger prize pools and unique rewards, differentiating from standard sweepstakes.
Loyalty Multipliers: Long-term stakers benefit from loyalty multipliers that enhance their sweepstakes tickets over time, acknowledging and rewarding their continued support for Playtoo.
Playtoo's staking model is designed to enhance the value of $PLT tokens by rewarding long-term holders with attractive APYs. Our tiered system ensures that participants are recognized for their contribution to network stability and growth.
Starter Pool: For holders staking up to 10,000 $PLT, we offer a foundational APY of 12%. This pool is perfect for new entrants to the Playtoo ecosystem, providing a stable reward while they familiarize themselves with the platform's offerings.
Advanced Pool: For those staking between 10,001 to 50,000 $PLT, the Silver Tier offers an enhanced APY of 17%. This middle tier serves as an excellent progression for users looking to increase their stake and rewards.
Elite Pool: The Gold Tier is reserved for dedicated supporters staking more than 50,001 $PLT, with a premium APY of 22%. This tier is tailored for the most committed participants, offering the highest returns as a reflection of their significant support.
The duration of staking will be decided once the pools are created
Monthly APY Enhancement: For each additional month that stakers keep their $PLT tokens locked beyond the minimum period, they will be eligible for an incremental APY boost. This boost will compound the stakers' rewards, encouraging longer staking durations.
Monthly APY Enhancement: For each additional month that stakers keep their $PLT tokens locked beyond the minimum period, they will be eligible for an incremental APY boost. This boost will compound the stakers' rewards, encouraging longer staking durations.
Boost Tiers: The APY boost will be structured in tiers, with each additional month offering a slightly higher percentage increase than the last. This tiered approach is designed to reward those who are most committed to the platform’s success.
Cap on APY Boost: To ensure the sustainability of the staking pool and protect the overall token economy, there will be a cap on the maximum APY a staker can achieve through these incremental boosts.
Regular Review: The Incremental APY Boost will be subject to periodic review to ensure alignment with Playtoo’s economic model and market conditions, ensuring long-term viability and rewarding the community fairly.
