Stake NFT With Starly.io To Generate Income
Starly have thought of ways to fulfill its vision of a great platform to benefit everyone — Creators trusting them with their cherished artworks, Community believing in the future of the platform, Investors, and Team working towards the common objectives.
To achieve it, the top priority is the long-term success of the developing Starly ecosystem. By launching $STARLY, it envisioned a utility token serving as a medium for creators, collectors, and the surrounding communities for the ultimate user experience.
A few weeks ago Starly released its roadmap, focused on building a sustainable and scalable product, introducing an outline of the Collect-to-Earn experience.
INTRODUCING STARLY NFT STAKING
Starly is thrilled to announce that they are making it possible to stake Starly NFTs. The Staking Reward of each card is equal to the Card Score in $STARLY tokens, and tokens are distributed in a linear manner of the amount following the formula: Card Score/365 = token amount distributed for 24h.
In a nutshell — it takes a year to collect all tokens that are locked in the NFT card. You can claim tokens not more often than once a day. The ability to claim staking reward depends on the Starly token staking tiers and is explained below. The card can be sold, just has to be unstaked first.
The amount of tokens you will be able to claim from the available amount depends on your $STARLY token staking tier:
- No membership tier — claim up to 2 tokens a day
- SILVER tier — require at least 1000 staked tokens — claim up to 10 tokens a day
- GOLD tier — require at least 10,000 staked tokens — claim up to 100 tokens a day
- PLATINUM tier — require at least 50,000 staked tokens — claim up to 500 tokens a day
Membership tiers will also include all previously announced benefits, many of them are already in development and will be implemented in the order of readiness.
All tokens that are not claimed (even if they are available to claim) still belong to the card until they are actually claimed by the collector. Example: 48 $STARLY becomes available for you to claim but you’ve claimed only 10 of them and then decide to unstake the card. The remaining 38 tokens will be locked back inside the NFT card. You will have to stake the card again and wait until they become available for claim.
ABOUT Starly
Starly platform opens a new realm for creators to connect, grow and monetize their audiences through NFTified interactions.
RESOURCES
Medium
