🏹STARSTAKING - JEDSTAR X ARCUS
A high-level overview of STARSTAKING - JEDSTAR X ARCUS
|THIS SECTION WILL BE UPDATED AS ARCUS FINALISES THEIR TOKENOMICS
Introducing the JEDSTAR X ARCUS Dual Rewards Staking Program, an innovative and synergistic DeFi program that allows our community members to benefit from both the JEDSTAR Gaming and Arcus ecosystems by staking their tokens in a single platform.
In our commitment to creating a sustainable and thriving ecosystem, we've crafted a new staking program that brings together JED and Arcus's token (AT). This exciting collaboration paves the way for users to stake both tokens and earn rewards in both currencies, fostering a strong alliance between the two platforms.
JEDSTAR X ARCUS Dual Rewards Staking Program features a tiered structure with varying staking time limits (30, 60, and 180 days), enabling users to choose the level of commitment that suits their preferences and risk tolerance. Each tier comes with its unique set of rewards, ensuring that users are duly compensated for their participation.
As we move forward, we continue to adapt and innovate our staking programs, focusing on long-term stability, sustainability, and exclusivity. The JEDSTAR X ARCUS Dual Rewards Staking Program marks an exciting new chapter in our journey, and we eagerly anticipate the growth and opportunities it will bring to our community.
STARSTAKING - JEDSTAR X ARCUS
For this season, the maximum amount of $JED that can be staked will be limited to 10,000,000 $JED, and Arcus token (TBA) Staking Reward Table - You would need to add the rewards and min/max staked of both tokens:
| Days | Yield in KRED | Min JED can be staked | Max JED can be staked | Total max JED per tier |
|---|---|---|---|---|
30 | 6% | 500 | 5,000 | 2,000,000 |
60 | 10% | 2,500 | 25,000 | 1,500,000 |
120 | 18% | 4,000 | 40,000 | 1,500,000 |
| Days | Yield in AT | Min AT can be staked | Max AT can be staked | Total max AT per tier |
|---|---|---|---|---|
30 | 2% | 500 | 5,000 | 2,000,000 |
60 | 4% | 2,500 | 25,000 | 2,000,000 |
120 | 7% | 4,000 | 40,000 | 1,500,000 |
In Season 1, each wallet will be able to stake not more than one of each tier
To participate in the JEDSTAR X ARCUS Dual Rewards Staking Program, users need to stake both JED and PARTNER tokens for the selected time limit (30, 60, or 180 days).
Rewards are automatically calculated based on the staking tier and time limit chosen by the user. The longer the staking period, the higher the rewards.
Users cannot withdraw their staked tokens before the end of the chosen staking time limit. Early withdrawal will result in the forfeiture of any unclaimed rewards.
At the end of the staking period, users can claim their JED and PARTNER rewards by initiating a withdrawal. The staked tokens and earned rewards will be returned to the user's wallet.
Unclaimed rewards will be automatically rolled over into a new staking period if users do not withdraw their tokens at the end of the staking time limit.
This program allows users to benefit from both ecosystems and create synergies between the two platforms. Users can decide on the staking tier and time limit that best suit their preferences and risk tolerance.
Upcoming Benefits
NFT rewards: In addition to token rewards, stakers could receive exclusive NFTs from Arcus's game. These NFTs could provide in-game benefits, be collectible items, or grant access to special events or features.
Cross-platform benefits: Design staking tiers that offer unique benefits in both JEDSTAR Gaming ecosystem and Arcus's game. For example, higher staking tiers could grant users special in-game items, discounts, or early access to new content in both platforms.
Token swap program: Offer a token swap program where users can convert their staking rewards (KRED and AT) into each other or other tokens within the partnered ecosystems at a favorable rate.
Collaborative events and tournaments: Organize events and tournaments that require participants to stake JED and/or AT for entry. Offer a unique combination of rewards, including tokens, NFTs, and other in-game benefits from both platforms.
TBA
Disclosure ⚠️
JEDSTAR Gaming offers a staking program where investors can purchase and stake JED tokens. The contributions of JED become part of the computerized, technical process used to mint KRED, a utility token used as a currency within JEDSTAR Gaming's gaming ecosystem and on the NFT marketplace. It is important to note that JEDSTAR Gaming does not make any promises or guarantees of profits in relation to the staking program and the KRED token. The value of KRED, like all cryptocurrencies, is subject to fluctuations and cannot be controlled or determined by JEDSTAR Gaming. The KRED token is being offered as a utility token within the JEDSTAR Gaming ecosystem, and the staking rewards are simply a byproduct of participating. Any potential gains from the staking program are not guaranteed and are subject to market conditions and other factors beyond the control of JEDSTAR Gaming. Participants in the staking program should be aware that the value of their KRED holdings may fluctuate and that there is no guarantee of profit. The total staking rewards in KRED will not exceed 30% of the total liquidity of KRED to maintain the sustainability of the ecosystem.
Participation in this staking program carries risks, and investors should carefully consider their investment objectives and the risks associated with this program before investing. JEDSTAR Gaming is committed to protecting the interests of its users who participate in the staking program. The platform implements security measures to ensure the safety and security of staked JED and generated KRED tokens. However, it is important to note that no system can guarantee complete protection against all security risks. Participants in the staking program should know the inherent risks associated with holding and staking digital assets and take appropriate measures to secure their assets. This may include, but is not limited to, using a secure wallet, enabling two-factor authentication, and regularly monitoring their account. JEDSTAR Gaming encourages its users to educate themselves on the best practices for securing their digital assets and to make informed decisions about their participation in the staking program. It is important to note that JEDSTAR Gaming has no control over the tokens or the rewards generated once JED tokens are staked. The staked JED becomes part of the computerized, technical process used to mint KRED, and the rewards generated are not automatically credited to the staker's account. After the stated period of staking, all users can withdraw their staked JED and the generated KRED rewards without any intervention from JEDSTAR Gaming. The staker must take action to withdraw the rewards from the platform. JEDSTAR Gaming cannot prevent users from withdrawing their assets. As such, stakers should be aware that their staked JED and generated KRED rewards are under their control and subject to the risks associated with holding digital assets. This disclosure is not intended to be a comprehensive overview of the staking program or the laws and regulations that may apply to it, and JEDSTAR Gaming recommends that investors consult a licensed attorney for legal advice. By participating in this staking program, investors acknowledge that they understand the risks associated with it and that they are participating solely to support the growth of the gaming ecosystem.
KRED: a utility token within JEDSTAR Gaming's ecosystem
The KRED token plays a crucial role as a utility token within the JEDSTAR Gaming ecosystem. It is not just a reward for staking JED tokens but has many practical uses within the ecosystem. These uses include:
STARDOME: An online arcade with hundreds of games where players can use KRED to wage and win against other players.
AGORA: An NFT marketplace that sells SFTs where KRED serves as the currency for purchasing unique digital assets.
Night Claws: A mobile game where KRED is used to purchase premium gaming assets that enhance the gaming experience.
KDArena.gg: A tournament platform that uses KRED as both the reward currency and the currency for purchasing digital assets.
SILVERVOLT: A mobile app that enables gamers to win digital assets and KRED through games. KRED can then be used as the currency to purchase premium assets or coupons to access premium games.
The emphasis on the practical use of KRED within the JEDSTAR Gaming ecosystem demonstrates that the token is not being offered as a security with an expectation of profits derived from the efforts of others but instead serves a specific purpose as a utility token within the ecosystem. This distinction is critical for determining whether the staking program constitutes security under applicable laws and regulations.
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