🌠STARSTAKING - SEASON 1
A high level overview of STARSTAKING
Last updated
A high level overview of STARSTAKING
Last updated
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. STARSTAKING SEASON 1 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.
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:
30
8%
1,000
10,000
4,000,000
60
14%
5,000
50,000
3,000,000
120
25%
8,000
80,000
3,000,000
In Season 1, each wallet will be able to stake not more than one of each tier
click the link above to calculate your potential gains!
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!
JEDSTAR Gaming offers a staking program in which 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.
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.
