In the very first phase, KlayCity will distribute six LAY staking pools with the following parameters:
- Pool one – no blocking: consumers can staking / unstaking and acquire ORBs at any time.
- Pool two – three-day lockout (necessitates 3rd degree land ownership): Users can stake / cancel staking anytime immediately after three days.
- Pool three – seven-day lockout (necessitates possession of degree two terrain): Users can stake / cancel staking at any time immediately after seven days.
- Pool four – 14 day lockout: Users can staking / unstaking at any time immediately after 14 days.
- Pool lock from five to thirty days: Users can staking / cancel staking at any time immediately after thirty days.
- Pool six – LP Pool: Users can produce a pool with the LAY-KLAY pair on KlaySwap and send the corresponding LP tokens. The pool will be burned permanently (can not be withdrawn). Users can acquire ORBs at any time, constantly during the daily life of the pool.
The longer the token is locked, the additional rewards the consumer will have. Pools claiming to attain land degree NFT will have a increased common reward degree than the rest of the pools. The degree of the ORB bonus depends on that P2E bonus pool.
Each pool can be owned by a nation. A thorough table of the distribution of prizes for just about every pool will be announced later on.
When a nation owns a pool, it receives a tax share of all ORB tokens generated by that pool.
A portion of the ORB that consumers expand will be paid as a tax contribution to the state treasury. If a consumer owns a county in the nation wherever the pool is owned, he will get a tax break.
- Users who are aiming for NFTs only require to shell out five% tax on the ORB farm complete to the nationwide treasury.
- Conversely, non-staking NFTs will have to shell out 15% tax on the complete ORB raised at the nationwide treasury.
About KlayCity
KlayCity is a P2E virtual actuality globe wherever county NFT owners can operate, investigate and earn when enjoying a gaming expertise. With the thought of reviving the land, gathering sources, restoring the population and expanding the territory. Built on best of Klaytn, KlayCity focuses on the gamification of DeFi and NFT into a single ecosystem.
Find out additional about the venture: Website | Twitter | Telegram | Discord
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