What is Staking?
Staking involves locking up a portion of your NXT tokens for a period of time as a way of contributing to the community. In exchange, you will earn rewards, in the form of NXT tokens, voting power, and NFTs.
Staking will allow NXT holders to take part in single-sided staking of their NXT tokens with subsequent rewards in NXT. We’re offering a selection of rewards in return for those contributing to the community from NFTs, Cityverse Hub, and real-world experiences.
Stakers will earn rewards in exchange for staking their NXT tokens. The weight of the rewards will increase incrementally depending on the duration of time stakers choose to lock their NXT tokens. The longer you choose to lock up your NXT tokens, the higher the share of the rewards you will receive.
How to stake.
To begin staking your NXT tokens, simply follow these steps:
- Visit the Staking Portal on the V2 website.
- Through the Polygon network, connect your non-custodial browser-based wallet.
- Set the duration of time you’d like to stake your NXT for.
- Enter the amount of NXT tokens that you would like to stake.
- Read the Terms of Service and select agree.
- Press the “Stake” button
- Approve the transaction via your wallet.
The total size for the staking pool is 3,000,000 NXT
- 30 days: 250,000 NXT
- 90 days: 500,000 NXT
- 180 days: 1,000,000 NXT
- 360 days: 1,250,000 NXT
The pools work on a first-come-first-served basis. Once a pool’s maximum limit is reached it will be sold out.
Minimum staking amount: No minimum
Maximum staking amount: 100,000 NXT
Start date and time: TBA
Penalty fee: Redeeming in advance will result in a loss of 70% of the interest that you have earned. Early redeeming will also result in a 5-days delay until your assets are returned.
What is Nexity Network?
Nexity Network is building a blockchain-enabled, circular, more transparent, and productive world to rethink how everything is designed, created, used, and recycled, from the food we eat to the clothes we wear and how we do business.
Nexity is creating the next economy to serve as a bridge for the companies and customers to enable transparently, responsible, and secure product/service flows. Our ecosystem is positioned to solve supply chain complexities, focusing on day-to-day operational activity from environmental damages, visibility gaps to trust between parties, and fragmented data exchange.
Nexity Public Relations