Hakka Staking & sHAKKA are LIVE now

Published on: 18.04.2021

Decentralized financial ecosystem, Hakka launched Hakka Staking and sHAKKA.

Staking Periods

Staking contract allows HAKKA holders to stake their $HAKKA under different terms of locking periods: 1 month, 3 months, 6 months, and 12 months. The longer the locking period is, the more sHAKKA you will be granted (along with greater voting power being bestowed).

Gradually Incremented Incentives

What’s more, we have implemented an incentivization factor to preserve the time value of sHAKKA: the staking rate (mintage rate) of sHAKKA will be gradually incremented by time, and it will be incremented to 2x every year, which means staking 1 HAKKA for 12 months in the anniversary of staking contract will receive 2 sHAKKA, and so forth.

Staking Reward of sHAKKA

To incentivize HAKKA Staking, we will introduce an sHAKKA reward pool. There will be 3,000,000 HAKKA rewards in this pool in the 1st month. The mining allocation will start from 13:37 April 18th, 2021 (UTC). As usual, these HAKKA rewards will be distributed under our vesting term to stabilize the circulation of HAKKA.