We are excited to introduce our upcoming staking program for $NEURAL, designed to offer dynamic rewards, ensure sustainability, and provide flexibility for our community.
Here’s what has been said so far about staking $NEURAL!
We can reveal that our staking system goes live later this week!
Stake and Earn Rewards
Our staking mechanism revolves around $NEURAL, the token of our ecosystem. By staking your tokens, you can earn rewards in the form of wrapped TAO (wTAO) tokens. The rewards are derived from TAO miners, making the system non-inflationary and sustainable.
Dynamic Annual Percentage Rate (APR)
One of the standout features of our staking program is the dynamic APR. Unlike fixed-rate staking, our APR adjusts based on the total amount of staked $NEURAL tokens. This means that your potential earnings are proportionally related to your share in the staking pool. As more users stake their $NEURAL tokens, the APR will dynamically adjust to reflect the new staking volume, ensuring fair and equitable rewards for all participants. All rewards will be calculated on a per-second basis, meaning you will receive a portion of the attributed rewards every single second!
Regular Updates and Refills
To maintain a healthy and rewarding staking environment, we will update the APR every two weeks. During these updates, we will also refill the staking rewards pool, ensuring that there are always fresh rewards available for stakers. For the initial launch, we are starting with $50,000 in rewards for the first two weeks. This bi-weekly cycle helps us to respond to changes in the staking pool and market conditions, keeping the rewards attractive and competitive.
Growing Rewards Pool
We expect the rewards pool to grow over time as we bring TAO miners online. This growth will provide even greater incentives for our stakers. Additionally, stakers will also receive a portion of the profits from our incubated web3 game projects, further increasing the value of their staking rewards. The biggest boost in staking rewards will come after the acquisition of our own TAO subnet, which will increase the rewards pool and provide benefits to our stakers.
Flexibility to Stake and Unstake Anytime
We understand the importance of flexibility in crypto and therefore, our staking program allows you to stake and unstake your $NEURAL tokens at any time. Whether you’re looking to stake for a few days, weeks, or months, you have the freedom to manage your staking activities according to your own strategy and market outlook.
How is APR Calculated?
The APR you receive is based on the total amount of staked $NEURAL tokens and your proportionate share in the staking pool. Here’s a simplified breakdown of how it works:
1 Total Staked Tokens: This is the sum of all $NEURAL tokens staked by users.
2 Your Staked Tokens: This is the amount of $NEURAL tokens you have staked.
3 Proportional Share: Your share of the staking pool is calculated as your staked $NEURAL divided by the total staked $NEURAL.
4 Reward Attribution: The rewards are attributed each second, based on this proportional share, with the dynamic APR reflecting the overall staking volume.
By staking more, you increase your share in the pool, which in turn can boost your rewards.
Getting Started with Staking
Staking $NEURAL will be a straightforward process. Simply transfer your tokens to the staking contract and start earning rewards. You can monitor your staked tokens, check the current APR, and see your accumulated rewards through our user-friendly staking dashboard.
For more detailed instructions, stay tuned for our Staking Guide launching together with the staking features later this week!
Happy Staking!
👉 Visit our website
👉 Join our Telegram
👉 Read our documentation
