Announcing Our New NFT Staking Program!

LayerNet
3 min readJul 1, 2024

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We are excited to introduce our new NFT staking program! Here’s everything you need to know to get started and make the most out of your NFTs.

How to Purchase NFTs

You can purchase our NFTs through the Magic Eden or Tensor platforms. Once you have your NFTs, you can begin staking them to earn points.

Earning Points by Staking NFTs

  1. Staking Rewards:
  • By staking 1 NFT, you will get 30 points immediately and earn 10 points per day.
  • Staking rewards are calculated and distributed daily at 2PM (UTC).

2. Staking Process:

  • Simply stake your NFTs on our platform with one click. The system will automatically calculate and distribute your daily points.
  • We have provided a step-by-step guide with images on how to stake your NFTs.

First — connect to your wallet

Second — Deposit NFT and Confirm

3. Staking Period:

  • Points are calculated and distributed daily. You can check your total accumulated points at any time.
  • The Staking Peirod is 7 days from 11am UTC, 1st July 2024 to 11am UTC, 8th July 2024.
  • You can stake your NFTs anytime during the period, but you can only redeem your NFTs after 11am UTC, 8th July 2024.

Increasing Your Points

If you want to earn more points, besides staking NFTs, you can also deposit Solana (SOL) into our platform:

  • Depositing Solana:

- You can choose to deposit Solana into the staking platform. The deposited Solana will proportionally increase your daily points.

- You can deposit 1 or 10 SOL for Each NFT, and you will receive additional rewards of 100 points and 1500 points respectively. (You can only deposit Solana within 24h when the staking program starts)

- If you cannot deposit Sol, please wait 5 mins after you staking your NFTs, and you will receive the extra point within 10 mins.

- Note: Deposited SOL cannot be withdrawn, and you will only get a one-time reward.

Points Redemption

The points you earn can later be redeemed for our tokens. The specific exchange ratio and method will be announced in future updates. Stay tuned!

Important Notes

  • Security Assurance: Your staking assets will be highly secured during the staking period.
  • Retrieving Assets: You cannot cancel staking during the staking period, you can only withdraw your NFTs after 11am UTC, 8th July, 2024.
  • Platform Announcements: Please keep an eye on platform announcements to stay informed about the latest updates on points redemption and any adjustments to staking rules.

We are thrilled to offer this new staking program and look forward to your participation. If you have any questions, feel free to reach out to our customer service. Thank you for being a part of our community!

Stay tuned for more updates and happy staking!

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