🖼️NFT Staking
Find all the details related to our Colony NFT Staking Program below.
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 January 14th 2025 & 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.
How To Stake Your NFT
Connect the wallet with your Colony NFT to access our Staking platform at app.survivalisnear.xyz
Select the "Stake NFT" button option if not already selected.
You can choose the NFT(s) you want to stake by clicking on it.
Hit the Stake button, then confirm the transaction in your wallet to complete the staking process.
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 you continue staking your NFTs to maximize 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.
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