$SIN Token Staking Program Overview
We encourage $SIN holders to stake their tokens and earn more $SIN through our staking program! A total of 3% of the $SIN supply is dedicated to this initiative. The program will last until all staking rewards have been distributed, which is estimated to take approximately 12 months. In total, there are 30,000,000,000 $SIN available for participants!
Reward Pool:
3% of the $SIN supply is allocated for the staking program, which totals 30,000,000,000 $SIN.
With the program running for around 12 months, the Reward Pool is valued at approximately 2,500,000,000 $SIN per month.
Lock-Up Periods:
1-Month Mandatory Lock-Up
All $SIN stakers are subject to a mandatory 1-month lock-up.
During this period, rewards are earned at 1x APR (stake-weighted).
After the 1-month period, you may un-stake and claim your rewards. If you choose to continue staking, rewards will accrue at the base 1x APR.
3-Month Lock-Up
Opting for a 3-month lock-up will earn you rewards at 1.5x APR (stake-weighted).
After 3 months, you can un-stake and claim your rewards. If you continue staking, your rewards will keep accruing at 1.5x APR.
6-Month Lock-Up
Choose the 6-month lock-up to earn rewards at 2x APR (stake-weighted).
After the 6-month period, you can un-stake and claim your rewards. Continuing to stake will accrue rewards at 2x APR.
9-Month Lock-Up
Opt for a 9-month lock-up to earn the highest rewards at 2.5x APR (stake-weighted).
After the 9-month period, you can un-stake and claim your rewards. If you continue to stake, your rewards will continue accruing at 2.5x APR.
Note: The lock-up periods are designed to reward long-term commitment to the project, with progressively higher rewards as you stake for longer periods.
Reward Calculation:
Rewards are based on the total number of $SIN staked and the chosen lock-up period (stake weight).
Depending on the lock-up period selected, participants will receive between 1x to 2.5x APR, with the reward pool dynamically adjusting based on the total amount staked and lock-up durations.
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