That’s right: we’re back!
We heard you. And… Seeing the pools filling in less than 6 hours might have given us the idea that demand was high! So, we decided to run a poll, and about ⅔ of you chosen BSC over ERC20 to run the next staking pool. Although it’s commonly said in Portugal that “One cannot please Greeks and Trojans”, we decided to try just that by opening two new pools — one in BSC and another in ERC20.
Not sure what Staking is? Let’s start with that
Let’s recap: Staking is when your $MOOV multiplies itself. The basic idea is quite simple: you put some of your $MOOV tokens (only BEP20 tokens) into a staking pool and lock it. You can’t use those tokens, and no one else can either. This diminishes the amount that is running around the market.
You know what happens to something when it’s more scarce, right? It’s the basics of economics. When the pool reopens, you’ll have more money in there than you left and overall, with the staking mechanism, there will be less for everyone.
And, just like we said the first time, we’re doing with Double Impact. By staking $MOOVs you will create a 2-way impact:
- For you: by increasing the number of $MOOVs you will hold
- For the overall community: by decreasing the circulating supply of $MOOVs
Get your APY in $MOOVs and burn $MOOVs for everyone. Note that the same amount that will be distributed as rewards to every and each staker will get the same corresponding amount of $MOOVs burnt.
We just opened a NEW Pool: Pro
Note that your email address will only be used for us to contact you about this challenge and our app. Your nickname will be seen by other dotmoovs’ players and shown in the ranking dashboard.
Is it your first time staking $MOOV?
So you need to know that we made a challenge out of it before allowing you to stake! But fear not, it’s a simple one. Submit a video of you juggling a soccer ball with your feet, and our AI-based referee will analyse it and provide you with a score for your performance, as well as your position in our leaderboard. Our scoring system for this challenge is the number of ball juggles minus the number of penalties (hand or floor touches). Players that achieve a score of 3 or higher will have access to staking $MOOVs — don’t give up, we know you can make it ;)
If you have already taken part in our Alpha Challenge you won’t need to take it again!
How can I claim my spot?
You will be able to stake your tokens. Here’s what you need to do:
- You connect your wallet;
- You pick the pool you like the most;
- You click the “Approve MOOV” button, which will activate your contract;
- Choose the amount you want to stake (there’s a 25 000 $MOOV minimum);
- Click “Staking”;
- And you’re done!
Do keep in mind:
- You can unstake whenever you want, but it will affect your earnings;
- If you do it before the early withdrawal period, you get whatever you put in;
- If you do it during the early withdrawal period, you earn the early withdrawal APY;
- If you do it at the staking pool maturity, you get the whole shebang.