Goals

  1. Incentivize long term ownership of Dogs
  2. Incentivize decreasing overall supply and market supply
  3. Fair distribution to community members based on activity and engagement
  4. Maintain flexibility for future additions and adjustments

Staking

Each NFT in the Dogs Unchained universe will offer some utility to earn $BOOM. This will be done via "staking." Staking will be the process through which owners will send their Dog to a smart contract where it will earn $BOOM for as long as it's stored there. By sending a token to the staking contracts, it will reduce supply on the open market.

Earning Rate

💡 Example Earnings Scenarios:

  1. A "Grilled" Proof of Steak, with 0 unredeemed Dogs would earn 20 $BOOM / day
  2. A "Ungrilled" Proof of Steak, with 1 unredeemed Dog included would earn 30 $BOOM / day 20 for the PoS token plus 10 per Dog)
  3. A "Ungrilled" Proof of Steak, with 10 unredeemed Dogs included would earn 120 $BOOM / day (20 for the PoS token plus 10 per Dog)

Continuous Earning

Staked tokens earn $BOOM continuously throughout every day. So for example, you could stake a Dog for just an hour and earn 0.4167 $BOOM.

Claiming $BOOM You've Earned

You will be able to claim $BOOM you've earned without unstaking your NFTs. This saves gas and enables you to gain utility from your $BOOM while continuing to earn.

FAQ

https://app.dogsunchainednft.com/staking