Red Kite Will Launch A New $PKF And LP-PKF Staking Pools in Early September
Based on the reward calculation method:
Allocation pool: Users will earn staking rewards each time a new block is created. The sooner and the higher your staking, the more rewards you earn.
Linear-rate pool: Users will earn staking rewards based on the length of time the tokens remain locked.
Based on the benefits of participating in IDO:
With IDO pool: The amount of PKF or LP-PKF staked in these pools will be used to calculate your Red Kite tier and the number of Red Kite points you will own. Along with earning interest, staking into these pools entitles you to participate in IDOs on Red Kite.
Without IDO pool: The PKF or LP-PKF staked in these pools will be used solely to calculate the interest you will receive from Red Kite following a staking period. They will not be used to determine your Red Kite tier or Red Kite points, implying that they will have no effect on your tier or eligibility to participate in IDO.
About Red Kite
Red Kite is a cutting-edge launchpad powered by PolkaFoundry as a part of the growing $PKF ecosystem. Red Kite projects are carefully chosen through vetting, which takes everything from the origins of the project teams to legitimacy and implementation capacities into account. These projects are also supported by a network of our high-class marketing partners, leading influencers, and interactive communities.
