A high level overview of STARSTAKING
STARSTAKING is an evolving DeFi platform that enables us to reward our community members with token and SFT rewards, access to JED Membership tiers and upcoming benefits and utilities that will be revealed in 2023. To maintain a sustainable ecosystem, we have developed a "seasonal system" that limits the number of community members able to participate in a "STARSTAKING Season". We do so by capping max $JED staked during the season, by doing so, ensuring long-term stability, sustainability and also exclusivity. Once a season is at total capacity, a new season will be announced and launched once the transactional volume of either $JED or $KRED passes a certain threshold - determined when the season is filled.
For Season 1, the maximum amount of $JED that can be staked will be limited to 10,000,000 $JED, equal to a TVL of USD 1,000,000 based on the launch price of USD 0.1. Staking Reward Table:
- Staking Lottery: Earning KRED through staking? You can earn more by purchasing Lottery tickets with your KRED rewards!! The first lottery pool is estimated to be up to 50,000 USD worth of KRED!
- True Burn: Our burning mechanism that happens within the contract removes liquidity not from circulating supply but from total supply - making KRED truly deflationary
- Access to JED Membership (coming in Season 1): JED Membership is an exclusive club that will give members access to benefits related to gaming and crypto i.e. discounts on hardware, NFTs
- And more to come!