Celebrating our Gate.io CEX launch with single sided $REALM staking powered by UniCrypt
Staking Rewards Double for Loyal Holders
Last week we introduced a single sided staking program to reward our long term holders with return on their Realm tokens for staying committed to Realm. This initiative has been very well received, and we’ve already seen a share weight of about 5 million $REALM staked!
At the same time, we’ve seen increased sell pressure from the Gate community and the airdrops that were circulated as a mandatory part of our listing process. These Gate.io tokens have now been sold and the doubled staking rewards should more than compensate for any temporary price volatility.
We’ve been engaging in intensive dialogues all weekend with our loyal community members about how to best support and promote these initiatives. So we’ve decided that we will Double the Staking Rewards effective immediately!
From here on out, every time we reach another milestone of weighted tokens staked, at 10M, 15M, 20M, we will increase the rewards in the pool to keep the APY above 40% high for the duration of the staking program! We are targeting an average 50% APY, or more, which will fluctuate up and down based on the total subscribers in the pool at any given time.
At the time of writing the APY is ~40% and will be doubled to ~80% as soon as we double the rewards pool. *These APY numbers are averages based on a combination of factors including stake time and UNCL Boost.
Be sure to subscribe for the staking rewards to ensure you are accumulating your REALM on every block! Details are below in the original text of this article.
We’ve got a lot in store over the coming weeks in terms of product development, partnership announcements, and ramped up marketing and promotions. We can’t wait to show you what we’ve been working on and thank you for being on this journey with us!
The original text of this article is below.
To celebrate our listing on Gate.io we thought we would reward our holders new and old with a Single Sided $REALM staking program on BSC, which can be found here! This staking program will run for 120 days until August 27th 2022. You can remove your stake 60 days after staking. Realm’s public launch is on 20th June 2022 at NFTNYC.
The details of the pool are as follows:
- Staking will start April 29th, 2022 at 12.30 UTC.
- There will be one pool for BEP20 $REALM.
- No minimum staking amount
- Maximum staking amount 100,000 $REALM
- No unstaking fees
- The staking period will be 60 days minimum.
- Total rewards 500,000 BEP20 $REALM.
- 20% boost on rewards if you stake for 90 day.
- 40% boost on rewards if you stake for 120 days.
You can find the staking contract on our Partner Unicrypt’s website here. Please reach out into our Telegram community if you have any questions.
Once you stake, be sure to subscribe to the rewards pool to become eligible to receive your share of the rewards!
Realm is a mobile-first, play-to-earn, social impact driven Metaverse that allows gamers, players and artists to create their own personalized NFT microverse. Creators can bring unique music, art, and games into their realms. Whole living worlds can be minted as an ERC-1155 NFT and traded on the OpenSea Marketplace. Additionally, players can discover, trade, collect and view NFTs in the environments and experiences their creators imagined.