STAKING DAPP RELEASE — DETAILS AND TUTORIAL

Staking LIVE — 29th of July

All relevant contract addresses to UFO and the staking dAPP:

Article Content 👇

  1. Why Stake?

1. Why Stake?

  • You will have the chance at early adoption by earning Plasma Points to mint Genesis NFTs.
  • By staking UFO tokens or UFO-ETH LP tokens, you are eligible for Dual rewards, both Plasma Points and $UFO.

Plasma Point Emission

2. Staking Details

(APR is not accurate in this screenshot)
  1. UFO tokens
  2. UFO-Eth LP tokens
  • Choose between $UFO single-staking and LP staking — LP Staking’s pool has 75% of the total rewards — Lock duration determines weight rewards — Choose between 1–52 weeks — The longer the lock, the higher the APY.
  • 25% of the total rewards pool will be paid out to the UFO pool, and 75% of them will be paid out to the UFO-ETH LP pool. Additionally, users will be able to lock their stakes for up to 52 weeks (choosing any duration between 0–52 weeks in increments of 2 weeks).
  • Single-staking $UFO gives you $UFO and Plasma Point rewards (lower weight of the rewards).
  • Staking UFO-ETH LP tokens gives you UFO and Plasma Point Rewards (higher weight of the rewards).
  • Choose between “No Lock” or “Locked” staking. Locked staking gives more rewards.
  • No lock = 1x rewards (unstake at any time).
  • Locked for 0–52 weeks = 1–2x rewards.
  • You can unstake at any time if you choose “No Lock/Flexible Staking.”
  • You’ll continue to get rewards until you unstake your position.
  • There will be a separate claim button for Plasma Points and UFO rewards.
  • When you press “unstake”, your entire stake will be withdrawn.

Plasma Points

  • Needed to mint a Genesis NFT.
  • Plasma Points will be claimable and distributed right away.
  • When you “claim” Plasma Point rewards, they will be unlocked after pushing the “claim” button.

UFO Rewards

  • UFO Rewards will have a vesting schedule of 12 months.
  • When you “claim” UFO rewards, they will be unlocked 12 months after pushing the “claim” button.
  • The second you press claim, the release of the rewards will come 12 months later. If you claim today, you’ll receive the current reward batch 18.04.2010. If you still stake and press the claim button in 1 week, you’ll get the rewards accrued for that week 12 months later, 18.04.2011, and so on.

3. Tutorial — How to stake?

  1. Buy UFO
  2. How To Provide Liquidity
  3. How To Bridge
  4. How to Get Matic
  5. How To Stake
  6. How to use Trust Wallet

Video Tutorial👇

1. Buy UFO

2. How to provide liquidity

3. How to bridge

Press “Import tokens” on Metamask
Paste in the Polygon UFO Contract and Add Custom Token
  • On the Polygon chain, the Matic tokens work as a native tokens. This means that a user can pay gas with MATIC and send MATIC to other accounts the same way they use ETH to pay gas fees on Ethereum and send ETH to others.

Getting the Matic token is really easy.

  • Step 1: Get MATIC Token:
  • On Ethereum, the Matic ERC20 token can be purchased from the following places
3. Other Exchanges
- [Coinbase](https://www.coinbase.com/)
- [Huobi](https://www.huobi.com/)
- [FTX](https://ftx.com/)
- [Digifinex](https://www.digifinex.com/)
- [Kraken](https://www.kraken.com/)
- [CEX.io](https://cex.io/)
- [Probit](https://www.probit.com/)
- [HitBTC](https://hitbtc.com/)

Add Polygon Network to MetaMask

  • Navigate to polygonscan.com
  • Scroll down to the bottom of the page and click on the button Add Polygon Network
  • Once you click the button, you will see a Metamask Notification, now click on Approve. You will be directly switched to Polygon’s Mainnet now in the network dropdown list. You can now close the dialog.

5. How to stake

Notification to confirm your transaction

6. How to use Trust Wallet

Learn more about UFO:

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UFO Gaming ($UFO) is a fully decentralized inter-galactic social gaming token. Website: https://www.ufogaming.io/ | Telegram: https://t.me/ufotokenofficial

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UFO Gaming

UFO Gaming ($UFO) is a fully decentralized inter-galactic social gaming token. Website: https://www.ufogaming.io/ | Telegram: https://t.me/ufotokenofficial