Guild of Guardians announces $GOG Active Staking
$GOG holders should have their tokens on Immutable X before November 7 while meeting various other criteria in order to be eligible for The Guild’s Treasure Active Staking program, where 5 million tokens will be distributed to early supporters of the blockchain mobile RPG.
Developer Stepico has announced that they’ve partnered with Guardians Guild Limited to launch $GOG Active Staking for the token of Guild of Guardians, a blockchain mobile RPG.
This partnership means that 5 million $GOG has been committed to this program, making this the largest $GOG distribution for early supporters of the upcoming isometric title. The Guild’s Treasure staking program will start in November and the rewards are planned to be given out over the course of 6 months, so until May 2023, but the team notes that this plan may end up getting changed.
Being an active staker means holding $GOG in Immutable X. The longer the tokens get held there, the higher the rewards, while tokens staked “during the first week of the program will start off their streak at 12 months.” The team has also stated that “selling now and buying back later will not count for this bonus!”
The rewards from the program will start to accumulate from November 7 while the first payment to stakers will be made sometime in December “along with full details of the scheme.”
In order to be eligible for weekly active staking rewards, users must not only hold $GOG tokens in their IMX wallets, but those wallets must also have a Guild of Guardians NFT Hero of Rare or higher rarity. That’s not all though. At least one more criteria must be met every week: Trade, Stash or Vote. The first includes buying or selling any GOG NFT, the second includes adding onto the $GOG already present on the Immutable X wallet (tokens earned as staking rewards do not count) and the last one is an upcoming feature that will allow $GOG holders to place governance votes using their tokens.
Those who aren’t holding their tokens on Immutable X should move them before rewards start to be accrued on November 7 AEDT.
For more information, check out the official article here.