Minor updates have been made to the Game Mechanics Litepaper since our Staking announcement yesterday.
27 May 2022, 08:26
Minor updates have been made to the Game Mechanics Litepaper since our Staking announcement yesterday.
Specifically, we added a section on Staking and edited the Steps to Energy conversion graphic to add additional clarity. The step and energy conversion rates & reference values remain the same.
Please see the change-log for the latest:
Same news in other sources
127 May 2022, 08:27
GENE Staking is happening NOW!
The basic rules of the Genopet’s staking program are as follows:
Every staking deposit must be locked for a period of time.
➡️ The staker can select the lock period.
➡️ The longer the lock period, the more bonus rewards can be earned.
➡️ GENE rewards are locked for one year by default.
➡️ GENE rewards can be withdrawn unlocked as sGENE, which can be used in-game.
When governance voting is enabled, the voting weight is determined by the amount of lock period left in the staking deposit.
You can get the full explanation of GENE staking on our Medium here:
You can start staking here:
GENE Staking is happening NOW. The basic rules of the Genopet's staking program are as follows:.
GENE Staking is happening NOW!
The basic rules of the Genopet’s staking program are as follows:
Every staking deposit must be locked for a period of time.
➡️ The staker can select the lock period.
➡️ The longer the lock period, the more bonus rewards can be earned.
➡️ GENE rewards are locked for one year by default.
➡️ GENE rewards can be withdrawn unlocked as sGENE, which can be used in-game.
When governance voting is enabled, the voting weight is determined by the amount of lock period left in the staking deposit.
You can get the full explanation of GENE staking on our Medium here: https://medium.com/@genopets/announcing-gene-token-staking-1513e08ecbe
You can start staking here: https://mainframe.genopets.me/staking