Token Staking
Last updated
Last updated
Automatic Staking: During the presale period, all participants who hold SKYRN tokens will have their tokens automatically staked without needing to take any extra steps. This means that as soon as you acquire your tokens, they will start working for you right away.
Weekly Harvests: Staking rewards will be harvested once per week. These rewards will be automatically added to users' Skyren accounts, ensuring that participants can see their earnings grow regularly without any hassle.
Incentives: This automatic staking mechanism is designed to encourage early participation in the presale. By allowing users to compound their tokens significantly, it creates a strong incentive for individuals to get involved early on and maximize their potential returns.
Separation from Skyren DAO Boost: It is important to note that this initial phase of staking operates independently of the Skyren DAO Boost. This separation allows users to focus solely on the benefits of presale staking without any additional complexities.
Commencement: The second phase of staking will begin right after the official launch of the SKYRN token. This transition marks an exciting new chapter for token holders.
Initial Platform: Initially, staking will be available on the UNCX platform. As the Skyren ecosystem continues to grow and evolve, additional farms will become available, providing more options for users.
Connection to Skyren DAO Boost: This phase is linked to the Skyren DAO Boost, which is optional for users. It offers an excellent opportunity for participants to either compound their token holdings or meet the necessary prerequisites to become a DAO Contributor.
APY Information: For the most up-to-date information regarding the staking Annual Percentage Yield (APY), users are encouraged to visit the Skyren website or check our social media platforms for the latest updates.
