💰The staking pools
The staking pools app is a decentralized application designed to incentivize users to lock ("stake") their tokens in the contract for a specified period of time.
🪙Staking and unstaking
When a user decides to stake their tokens, they specify the amount of tokens they want to stake and the staking period they choose. The staking period is an index of predefined durations (stakingPeriod) ranging from 7 days to 4 years. Associated with each staking period is an Annual Percentage Rate (APR) that determines the amount of rewards the user earns for staking their tokens. The longer the staking period, the higher the APR.
💰💸 Rewards
Rewards are calculated based on the staked amount, the staking period, and the associated APR. The contract calculates the total reward a user can claim at any time by multiplying the staked amount by the APR and the amount of time that has passed since the tokens were staked. This reward is reduced by any amount the user has already claimed.
Our self sustained business model allows us to auto fund our pools through the following:
Our 90/10 mutually funded business model where 10% of all sales of our physical product using FIAT goes back into buy back and stake/metaverse model
100% of the revenue from products purchased on our store using GBT tokens goes back to the staking/metaverse rewards
The 5% selling tax explained in The GBT token.
🔐 Our locking systems
Our pools offer many options for users and their individual needs:
⏲️ Timed Locked Staking
The highest earning pool, in exchange of 5 different locking periods (7 days, 15 days, 1 month, 3 months, 1 year). We are able to offer you a fixed APR starting from 5% up to 35% (TBD) on a fixed basis depending on your lock time
Unlocked Staking
The most flexible option, offering you a variable APR that starts on 3% up to 15% (the APR depends on 2 factors: stakers/available rewards).
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