Mitcoin LP is LIVE! Stake to earn 55555 Mitcoin in one month!
Attention Metabots! Meta2150s has launched its Token Staking System this month! Now you can join us as Mitcoin liquidity provider and earn more token rewards from it! This tutorial below helps you to understand how it functions and explains all details about our first Mitcoin and its LP staking pool.
Mitcoin Staking Rules
- Staking Period: 10 May — 10 Jun. The staking pool is open for 1 month with a distribution amount of 55555 Mitcoin.
- No staking fee.
- Harvest starts from 17 May. Meta2150s will charge 5% as the harvest fee.
- The staking Force of equivalent LP tokens is much greater than that of Mitcoin.
- You will only get staking Force when your staked amount reaches a certain amount.
For example, when a token shows “Force: 10 per 100”, it means you need to stake 100 tokens to get 10 force.
In this case, if you stake 50 tokens, your force will be 0. If you stake 150 tokens, your force will be 10. And If you stake 200 tokens, your force will be 20.
Tutorials
- Go to the staking page, select the area “OCEANIA”
2. Select the “Mitcoin and LPs — 1” pool and switch to the “NFTs” label.
3. Select the token, enter the amount, and follow the steps in the pop-up wallet.
Note:
- Increase your wallet's gas limit if the transaction fails.
- We recommended you edit the approved amount as the “Max” when Staking Mitcoin!
Mitcoin Tokenomics
The token distribution is divided into four parts:
- 0.5% was distributed through the TGE and has already been fully distributed through the staking pool.
- 59.5% can only be mined through NFT staking, and only the NFTs officially released by Meta2150s can be used to mine this portion of tokens. The production of this part of tokens will decrease by 2% every quarter in the first year, 3% every quarter in the second year, and 9.29% every quarter in the third year.
- 20% will be released through events. Meta2150s will collaborate with other projects to hold events and distribute NFTs. These NFTs can be staked to receive rewards from the events. The production of this part of tokens will decrease by 2% every quarter in the first year, 3% every quarter in the second year, and 9.29% every quarter in the third year.
- 20% will come from Mitcoin and LP staking. This portion will be distributed evenly over three years. LP and Mitcoin will each have their own mining power, with LP having a higher mining power than Mitcoin on a one-to-one basis. (Users’ personal earnings are based on their mining power as a percentage of the total mining pool.) Token distribution will be calculated every 5 seconds.
About Meta2150s
Meta2150s is a multi-chain platform for GameFi and NFT that integrates games, marketplace, NFT staking and DAO structure.
The ultimate goal of Meta2150s is to bring together guilds and game enthusiasts to one platform, solving current problems in GameFi, such as the island effect, eco fragmentation, lack of liquidity, and low exposure for some games.
With the release of the game Metabot2150 in the future, Meta2150s platform will introduce more game-like user experiences.
