$IDOL Stake & Rewards
IDOL must be staked to gain voting ability and receive the benefits from staking the IDOL
Last updated
IDOL must be staked to gain voting ability and receive the benefits from staking the IDOL
Last updated
1 Staked IDOL Token = 1 Vote The WeedoVerse Community will be asked regularly to express their will for the future of the game through the Voting Platform. To access this platform, the member must have at least 1 Staked IDOL. Every single staked IDOL will give the member the right to 1 vote.
We have allocated 15% of the IDOL (75 000) to be used as staking rewards, which will gradually be released over 5 years.
These tokens will be accumulated with 15% of WeedoVerse's revenue that will be distributed to the staking pool constantly.
The rewards are given every quarter and can be spent buying products or NFTs in WeedoVerse or exchanged against other cryptocurrencies.
These rewards will be shared quarterly among the Token Holders who have staked their IDOL in the Staking Pool. IDOL Holders will claim their rewards from the WeedoVerse Website where they can keep their tokens unlocked or stake for another period of 3 months.
WeedoVerse's staking pool opens and closes to holders at specific times, holders must stake their IDOL before the pool closes to be a part of the pool and share the rewards mentioned below.
| ROUND Period | amount IDOL allocated | % of revenue shared to pool |
|---|---|---|
All the IDOL tokens bought during the IDO or claimed through WeedoPeeps NFTs will have their vesting period, during the vesting period the holder's IDOL is automatically staked so that they get their fair share on the staking rewards!
| Year | IDOL allocated | % of revenue shared to pool |
|---|---|---|
january-march
7687,5
15%
april-june
7687,5
15%
july-september
7687,5
15%
october-december
7687,5
15%
2024
18,750
15%
2025
15,000
15%
2026
15,000
15%
2027
15,000
15%
2028
11,250
15%