🥩Staking

What is staking?

Staking is when you transfer your owned NFTs to a staking smart contract developed by a project. The goal of staking to lessen the circulating supply of NFTs in the open market, increase buying pressure, and reward long term holders.

How will WRLDMind staking work?

WRLDMind All-Terrain passport is taking a different approach compared to traditional staking mechanisms.

When staking begins for AT passports, the kickback feature on the $WRLD Marketplace will change as well. Only staked passports for the duration of 1 month will be eligible to receive kickback from the holder pool.

Example: if the marketplace does 1M in $WRLD volume for the month, and there are only 500 passports staked then the 45,000 $WRLD in the holder pool would be split amongst the 500 passports.

As you can see there are two primary benefits and both are a win-win for the holders. The fewer passports staked means more kickback from the marketplace. The more passports staked means less circulating supply resulting in a higher floor price.

WRLDMind staking has a twist - Once you stake, you can not unstake the passport for two weeks. The countdown to when you can unstake begins as soon as the stake transaction is approved. If you have been staking for longer then two weeks then you will be able to unstake immediately.

Where will I stake?

You will stake and unstake your NFTs at WRLDMind.com

Benefits of staking

• Eligible for kickback from marketplace

• Game based NFT airdrops

• More as we develop

Wen Staking?

Staking will begin in the first week of June!

You must have your passport staked by the final two weeks of June in order to receive kickback from the marketplace for the month of June. This is an exception because staking will not be available for the whole month.

Starting in July and moving forward your passport must be staked for the whole month to get marketplace kickbacks.