FAQ
1) What is $blue staking, and what i can get out of it?
Staking $blue works like any other coin out there, but it's better. As a metameme, we aim to support all memes of the $blue base movement. By staking your $blue tokens, you’re rewarded with a wide range of based meme coins, increasing your chances to catch the next moon shot while using $blue token as a hedge.
2) What multipliers do you offer for the staking program?
The $blue staking program offers unique upward potential for participants. below you can find the multipliers offered to our community based on the lock period.
15 days: 0.8x equivalent from the staked amount
1 month: 1x equivalent from the staked amount
3 months: 1.2x equivalent from the staked amount
6 months: 1.5x equivalent from the staked amount
12 months: 2x equivalent from the staked amount
24 months: 3x equivalent from the staked amount
3) Can i boost the multiplier? How?
Indeed.
All fellow $blue community members can amplify their staking earnings by purchasing special edition nfts. The "$blue boost nft" collection offers various multiplier boosts. By adding one of these nfts to your staking, you can increase your staking rewards by 130%, 200%, or 300%.
4) What are the factors affecting the staking rewards?
Rewards are influenced by:
nft tier multipliers;
staking period;
the number of reward's memecoins;
reward's memecoins performance;
user’s last claim date.
5) Is it possible to unstake tokens before the staking period ends?
Yes, however, if you unstake before the end of your staking period, slashing will be applied, therefore affecting the size of your reward.
Slashing begins at 80% and linearly decreases to 0% by the end of the staking period.
6) The staking finished and i didn’t claim my rewards. What happens then?
Unclaimed rewards are secured for the user and can be claimed at any time. After the staking period ends, users should manually unstake their $blue holdings. During unstaking, all rewards are automatically claimed.
Note: we strongly recommend unstaking in due time. If someone joins the staking pool before you claim, the reward size may decrease as it is based on the pool's total reward volume and your share of it.
7) What is the minimum staking period?
The minimum staking period is 15 days, offering the lower reward multiplier of 0.8x.
8) Is there a vesting period for reward tokens?
Correct.
Reward tokens are placed in a pool and distributed to $blue staking participants over different periods. This is a dynamic process, as we recalculate every time a user stakes or unstakes their holdings. User reward percentage is based on their stake amount and the cumulative stake amount in the pool.
9) How often are rewards issued?
Rewards accrue with every block. Therefore, claiming can also take place in every block. We will be adding reward memecoins based on high-quality finds and our revenue stream from nft sales.
10) Re-staking: does it work?
While there is no automatic re-staking of your position, you can do so manually without restrictions of any kind. Once your staking period ends, you would have to unstake and re-open a new position to extend your participation in our staking program.
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