POP Staking System officially launched! (with User Guide)
🚀Popop World has officially launched the POP Staking System on April 22nd, 2022. All token holders will be able to stake their $POP and start earning more rewards: $POP and vePOP.
1. Instruction:
Go to PopopWorld main website and click “Stake’ on top menu bar, it will appear the window as below → Click on “Stake” button
Enter the POP amount you want to stake and select the duration option according to your strategy 😄, click “Approve” to start staking
Then the new window appears with your Stake information just made, click “Staking” button to confirm
After then, if you want to view the record of your stake, choose “Withdraw” at main window screen in Stake section.
2. Formula
The rewards of the staking comes from 20% of the total amount of pop issue (Allocate by block height）
APR= （POP released per block by stake ecology）* （total blocks in one day）*（365 days）/ Total POP in staking
Stake Ecosystem Release Rules:
1. Initially, 2 POPs are released per block;
2. After 967,680 blocks, pop released by every 34,560 blocks increases 0.08%
3. vePOP: is only used for VOTING rights
Users can get more vePOP by long-term stake, and these users have more weight in future voting governance.
Please note that vePOP only exists during the staking period, and will be automatically destroyed once the stake expires. For example, you receive 0.1 vePOP when choosing 7 days, that means your 0.1 vePOP only exists for 7 days only, after that it’s gone.
You may want to take a look back at Popop Ecosystem
Q&A
1.When will users claim reward from staking?
A1: After the stake period expires, users can claim rewards at any time;
If user don’t claim it, they can still get stake rewards every day.
2. Can users unstake ahead of time?
A2: Users can’t unstake ahead of time. Otherwise, users can get more vePOP by long-term stake, and these users have more weight in future voting governance.
3. Can user stack up the Staking? For example, today someone staked 100 POP for 7 days, tomorrow stake more 100 POP for 1 month, is it possible?
A3: Each stake will be displayed separately, user can click the withdraw button to view the records of all stakes
If you have any questions regarding to Staking system, you’re welcome to discuss at our social channels
Early stake to earn more rewards!
