Staking Mechanism
What is Staking?
Staking is a feature that allows players to lock up their tokens in a smart contract for a specified period in exchange for rewards. This process supports the game’s ecosystem by reducing the circulating supply of tokens, thereby stabilizing their value.
How Staking Works
Lock-Up Period: When players decide to stake their tokens, they are required to lock them up for a predetermined period (e.g., 30, 60, or 90 days).
Rewards: Players earn a fixed return on their staked CTL tokens. The game offers a lucrative 300% APY (Annual Percentage Yield) on staked tokens. This means that over a year, players can triple their initial investment if they keep their tokens staked for the entire duration.
Compound Interest: The staking rewards can be compounded, allowing players to increase their earnings even further if they choose to reinvest their rewards back into staking.
Benefits of Staking
High Returns: With a 300% APY, staking provides a significant opportunity for players to increase their token holdings over time.
Supply Control: By staking tokens, players help control the circulating supply, which supports the overall stability and value of the token.
Passive Income: Staking is a form of passive income, requiring no additional effort from the player once the tokens are staked.
How to Stake
Access Staking Menu: Players can access the staking option from their in-game wallet or the main menu.
Select Amount and Period: Choose the amount of tokens to stake and the desired lock-up period.
Confirm Staking: Review the staking terms and confirm the transaction. The tokens will be locked up, and rewards will begin to accrue immediately.
Claim Rewards: After the lock-up period ends, players can claim their staked tokens along with the accumulated rewards.
How it's funded
Staking Rewards and Funding SourcesLast updated