Skyren Whitepaper
  • Introduction
  • What Are Crypto Airdrops?
  • Why Choose Skyren?
  • Project Overview
    • Reward Distribution
      • Point Collection
      • Liquid Token Collection
    • Selection Process
      • Asset Security
    • Non Liquidity Tasks
      • Skycation Center (Discord)
  • Polygon Blockchain
    • EVM Capability
    • QuickSwap (DEX)
    • Bridging To Polygon
  • Token Information
    • Token Trade Tax
    • Token Distribution
    • Token Staking
    • Tokenomics
    • Centralized Exchanges
    • UNCX Integration
    • Community Disclosures
  • 🟣Skyren DAO
    • Ethereum Home Chain
      • Cross Chain Voting Weight
    • Funding Sources
      • Initial Capital Formation
    • Skyren DAO Reward Boost
    • DAO Contributors
      • DAO Contributor NFT Keys
    • Security
    • Liquidation Events
  • 🔷Skyren: The Skydrop
  • Project Roadmap
  • Frequently Asked Questions
  • Official Links
  • Contract Addresses
  • Security Reports
  • Legal Disclaimer
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  • Explanation of Token Staking for the SKYRN Token
  • Part 1: Presale Staking
  • Part 2: Post-Launch Staking
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  1. Token Information

Token Staking

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Last updated 5 months ago

Explanation of Token Staking for the SKYRN Token

Part 1: Presale Staking

  • 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.

Part 2: Post-Launch Staking

  • 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.