Colony NFT Staking Program Overview
Staking for $SIN:
Holders of Colony NFTs will be able to stake their NFTs to earn $SIN.
2% of the $SIN supply is allocated for NFT Staking.
There are 300 Colony NFTs in circulation, and holders can stake as many as they own.
Each staked NFT will be rewarded based on its rarity.
Duration:
The NFT Staking Program will launch in early November 2024 and will run for approximately 12 months.
A total of 1,666,666,666 $SIN will be distributed each month, based on the number of NFTs staked and their rarity.
Each NFT has the potential to earn around 65,000,000 $SIN during the program.
Lock-Up Period:
When you deposit your Colony NFT into the staking contract, there will be an initial 1-Month Lock-Up Period before you can claim rewards.
After the lock-up period, you may un-stake your NFT at any time, along with any accrued rewards.
If you un-stake and then re-stake your NFT, the 1-Month lock-up will apply again.
We recommend staking your NFTs for the entire 12 months to maximize your rewards.
Rarity-Based Rewards:
The monthly rewards are distributed according to the rarity of your NFT.
Queens: 50% of the monthly rewards.
Workers: 30% of the monthly rewards.
Drones: 20% of the monthly rewards.
Claiming Rewards:
Rewards will be available to claim monthly, or when you choose to un-stake your NFT after the initial lock-up period.
Note: The details of the NFT Staking Program are subject to change until the official launch in early November 2024.
Last updated