NFT S̶t̶a̶k̶i̶n̶g̶ Claiming
Last updated
Last updated
First, let me start by saying that I have been against NFT staking from the start. I believe it goes against the concept of NFTs.
I do understand token staking, and I guess that is where the idea of NFT staking comes from, but tokens are fungible, and NFTs are literally not.
Also staking NFTs requires locking up the NFTs in a smart contract which has huge risks. Unfortunately, not many people talk about this, but if you do a quick search you will find that many projects got their staking contracts lost or attacked and the whole community lost their NFTs.
I think most NFT projects launched their NFT staking system because everyone else was doing it. It's also cheaper and easier since there are many open-source codes available for staking NFTs. And I guess It was their only way to bribe holders not to sell.
Introducing the NFT Claiming system where you get rewarded while keeping your NFTs.
Well, I have built my community around the Gratitude Cycle where I provide and reward my community as much as I can, and I let the cycle does it work. So I spent a lot of time calculating all factors to think about this Reward Cycle, I mean what the community has to do exactly to be part of this cycle? which leads to Fortnights.
Ok let me explain how our claiming system works:
You can claim $POX tokens every fortnight according to your Private Fox NFT tier:
If you list or transfer your NFT to another wallet, the fortnight counter will reset again.
You don't have to claim every fortnight, our system will calculate how many fortnights passed and you can claim all whenever you want.
I believe using this claiming system will be much safer since every holder will be keeping his own NFT, which he can use any way he wants, while also rewarding the ones who believe in and support our project.
OG Foxes
Private Foxes
Special Foxes
Supply
1522
4461
17
Reward ($POX)
75
50
250