Walken players have had an opportunity to stake their $WLKN on CEX (Gate and AscendEx in particular), and thousands of $WLKN holders have already taken advantage.

The Walken Earn

Walken Earn — $WLKN staking opportunity right in the Walken application that will take your Walken experience to a whole new level. Staking $WLKN holdings and earning a reward over time will add another level of depth to Walken, boost token utility, empower players to invest and earn in a new way, and incentivize them to hold $WLKN earning a reward. On a larger scale, staked tokens get temporarily removed from circulation, contributing to a healthier economy of the game and supporting the $WLKN token.

Walken players will be able to stake under flexible and fixed terms enjoying the variety of staking plans to pick from. Staking will be enabled right in the Walken application saving time and effort for its players.

On top of the staking reward, there will be extra benefits for players that stake their $WLKN holdings:

• priority in Walken NFT Sales
• in-game rewards and benefits (special airdrops among everyone staking; special tournaments, etc.) that will be added in future Walken updates.

Locked Staking

High rewards and a range of profitable staking plans will allow Walken players to choose a staking option that feels best for them at the moment and reflects their investment strategy allowing them to collect yields. In general, fixed staking offers higher APR (annualized percentage rate — annualized actual rate of return earned from staking) yet the locked periods are longer and there’s no option to unstake assets whenever desired.

Staking for a fixed term in Walken — Locked Staking — means locking a certain amount of $WLKN tokens in for the selected duration for APR without an option to unlock the principal before the end of the term. Moreover, at the end of the locked period, only the principal can be withdrawn — that is the initial stake.

To receive your staking reward — the percentage earned on your stake — you will need to wait till the end of the reward unlock period.

Currently, there are 4 locked staking plans (also known as Walken Earn products):

• 4 months (40% APR)
• 9 months (100% APR)
• 12 months (150% APR)
• 18 months (250% APR

Each option differs in staking period duration and APR. The longer the term is, the more a player can earn. You’ll be able to easily check and compare all the plans taking into account their details. APR, duration, pool liquidity, and status (percentage of it being filled indicates the staking reward limit progress. Once all the tokens from the pool are allocated for stakes within a particular product, it will be closed and not accept any more stakes).

Pool liquidity refers to the total amount of staking rewards allocated for a particular staking product. Staking rewards are credited from this pool to the accounts of the players who staked their tokens. Pool liquidity for a particular product may vary at different times to ensure Walken Earn’s sustainability. Once the pool liquidity limits for a particular product are reached, no more stakings will be processed.

Flexible Staking

Flexible staking allows for more flexibility: the interest period is fairly shorter and there’s an option to unstake anytime. The APR for the flexible staking plan in Walken is 6% with an interesting period of 6 weeks. This means that every 6 weeks of the staking period will earn you a reward.

The staking period for the flexible staking plan is unlimited unless the liquidity pool limit is reached. In this case, your stake will be switched to another liquidity pool.  You’ll keep getting rewarded for each interest period of full 6 weeks yet mind a possible change in APR.

The reward for flexible staking is redeemed together with the initial stake. Please note that the initial stake and reward earned will be credited to your wallet in a single transaction. Please note that APR is subject to change for Flexible Products upon starting a consecutive interest period.

How to Stake in Walken

To start exploring Walken’s staking potential, go to the Wallet screen → swipe to the yellow WLKN wallet. You’ll arrive at the Walken Earn screen, and there you can check the available staking plans (flexible and locked), current stakings (if any), and at the bottom — your staking history (closed stakings) and general info on how staking works.

Once you have made up your mind as to what staking product to choose, enter the locked amount of tokens (your stake). Make sure it is within the limit. Double-check the information on your stake (type of staking, APR, estimated interest, stake date, locked period, and interest end date). Press the button to initiate staking.

At confirming the stake, the staked tokens are transferred from your wallet to the Walken staking wallet and will remain there until the locked period expires. Feel free to check the Solscan transaction via the link on the Wallet transactions screen.

Furthermore, you can find all your active staking products on the Walken Earn Screen (WLKN Wallet screen → section next to your pending balance), they will be displayed on top of the list. Tap on any of them to keep track of the total amount, staking reward, APR, locked period duration, and the date of redemption.

For a flexible staking product, the reward can be redeemed together with the initial stake at any time. For all locked staking products, the staking rewards are not credited at redeeming the principal amount once the staking period expires. You will have to wait until the reward unlock period is over and then claim your reward. Remember that redeeming your stake before the locked period ends is not possible.

ABOUT WALKEN

Walken is a play & exercise to earn mobile app built by a team with over 50 million
app store downloads and $10 million in annual revenue.

Website | Twitter

RESOURCES

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GAME MECHANIC

👟Players walk, and their everyday activity is converted into in-game currency which can be used to upgrade 🐱 CAThletes — NFT-based characters.

The Walken app has one token design (Walken Token, WLKN) that users can farm in the different Competitions (Sprint, Marathon, Urban Running)

Project Mission

NFTs Utility and Marketplace

Walken has an in-game market place for Heroes (CAThletes) and apparel (clothes for the CAThletes) which upgrades heroes and give more skills to win more and earn more!

WALKEN + OLAGG

“With OLAGG we are finding a great partner for Walken game spread, more gamers and scholars in Spanish-speaking communities who can bring skilled CAThletes to the market. We have an experienced team of 61 professional working together since 2017 on native mobile games and entertainments products only” — Alexei Porodzinsky, Co-Founder Walken

At OLA GG they’ll be assigning Walken Scholarships very soon!

About Walken

Walken is a play-and-exercise-to-earn mobile app built by a team with strong experience in mobile app development and marketing.

The Walken platform aims to give both crypto enthusiasts and non-crypto people an opportunity to lead a healthier lifestyle and gain crypto tokens.

Website | Twitter

About OLA GG

Ola GG is a strategic partner to Yield Guild Games (YGG) that is focused on serving the global Spanish-speaking market.

Website | Twitter 

SOURCE

https://medium.com/@olaguildgames/ola-gg-walken-our-new-partner-that-encourages-players-to-adopt-healthy-habits-through-competing-572a9bf9d291

The post OLA GG Announces Partnership with Walken! appeared first on Smart Liquidity Research.

Overview

Built with passion by a team with over 50 million app downloads under their belt, Walken is a dynamic, thriving, and innovative platform that empowers its users to live healthier, more active lifestyles all the while earning valuable crypto tokens.

The Walken platform is a game-changing opportunity to introduce a whole new generation and demographic of users to the DeFi space and provides a great space to allow new users to familiarise and socialise themselves with Web3.0 mechanics of playing-to-earn (or rather, walking-to-earn) through gameplay and real-world activity and trading on the NFT marketplace using earned tokens.

Inspiration

Inspired by popular pet-raising game experiences like Pokemon GO or Tamagotchi, the Walken app and gameplay experience is designed to cater to all types of players — young or old, whether crypto-experts or relative novices.

With a slick, easy-to-understand UI/UX, the Walken experience has been carefully designed to clearly and easily explain all the critical concepts and mechanics that users need to understand to fully engage with the Walken app.

Players will discover and engage with more sophisticated and complex gameplay systems as they progress in-game and explore more aspects of the Walken ecosystem.

Using the in-built motion detection and tracking systems of smartphones and other wearable smart devices, Walken is able to capture step counts and physical activity whilst algorithmically filtering out cheating and progress spoofing.

CAThlete Character

Central to their experience is the unique CAThlete character that each player gets upon signing up for the app.

Building on the success of social-fitness apps like Strava, Apple Activity, and Peloton; Walken uses a comprehensive gamification system to turn players’ steps and other physical activity into Gems — an in-game soft currency that can be used to upgrade your CAThlete’s speed, strength, and stamina; all critical stats for competing with and against other players!

In order to participate in more competitions, players will then need to purchase additional CAThletes on the NFT marketplace.

Upon winning competitions, players are rewarded with WLKN tokens, fungible governance, and staking token that can be staked for rewards providing access to additional in-app features, and providing the holder with voting rights in the future of the Walken ecosystem.

Though exciting on its own, the Walken experience doesn’t end at the app — to the contrary, their app is only the beginning.

The Walken protocol will empower developers from around the world to build on the foundational work of Walken and develop their own unique app and gameplay experiences with a play-to-earn model and earn ongoing revenue from the activity and earning of their players.

They hope to be able to share more with their community in the near future!

About Walken
A play-and-exercise-to-earn mobile app built by a team with strong experience in mobile app development and marketing.

About PathDAO
PathDAO is a community-first, decentralised autonomous organisation (DAO) that powers the growing blockchain gaming and metaverse.

The post PathDAO Announces Collaboration with Walken! appeared first on Smart Liquidity Research.

Introduction of Walken

Walken is a Solana-based move-to-earn and win-to-earn blockchain game, has raised $4.7 million in a funding round led by the following Venture Capitals:

1. Infinity Ventures Crypto and Shima Capital, with participation from Morningstar Ventures

2. Ghaf Capital Partners

3. Huobi Ventures

4. Dex Ventures

5. Yield Guild Games (YGG)

6. YGG Southeast Asia

7. Big Brain Holdings

8. Moonchain Capital.

9. Moon Holdings

10. OliveX of Animoca Brands Group

11. Genblock Capital

12. NFT Tech

13. SnackClub and many others.

Walken combines crypto rewards with physical activity such as walking, running, improving their in-game characters through continuous movement or winning competitions.

It encourages players to build healthier habits through competing in the game and monetizing their steps.

The rarity of a Cathlete — common, uncommon, rare, epic and legendary — affects their stats and energy pools.

WLKN is the game’s native token users receive for winning competitions. There are six competition leagues with a minimum-Cathlete entrance level and three running disciplines where Cathletes compete for WLKN tokens.

The more a player moves, the faster they can upgrade their Cathlete, win competitions and earn WLKN tokens. Players can use the tokens to upgrade their Cathlete’s performance and purchase valuable nonfungible token (NFT) items on the in-game marketplace to boost their stats and crush their rivals.

How The Walken App Works

Their easy to understand interface guides users to easily grasp the basic concepts, so that as they advance in earning and play, users can expose more advanced functionality when they are comfortbale.

Their early testing revealed, that it was important for them to layer the exposure to functionality little by little rather than all at once.

Walken uses the movement detection capabilities of standard smartphones and wearable devices to capture the step counts of users.

They also utilize sophisticated algorithms and tools provided by to prevent cheating.

The WLKN token

WLKN is a fungible governance and staking token used to enhance a user’s adventures in the Walken app and provide income and a token to use in simplified DeFi applications within the app.

WLKN token holders will be able to vote on the future of the project as well as stake it to earn rewards.

Users can earn the token only by participating in battles.

About Walken

Walken is a play-and-exercise-to-earn mobile app built by a team with strong experience in mobile app development and marketing.

The Walken platform aims to give both crypto enthusiasts and non-crypto people an opportunity to lead a healthier lifestyle and gain crypto tokens.

Website | Twitter

About YGG SEA 

YGG SEA is the first subDAO of Yield Guild Games, is a decentralized autonomous organization for acquiring and managing NFTs used in the metaverse.

Website | Twitter

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