GIF Staking & Revenue Share
Next week we’ll be launching our $GIF staking revenue share tier. The discount (25,000 token lock) and governance (5,000 token lock) tiers will be live in Q1 2022.
The royalties contract is being adjusted on the Tezotopia marketplace as well. Everything in the marketplace will be subject to a 6% royalty fee. 3% will go to the revenue share pool, 3% will be added to the gif.games treasury. Tezotops will no longer be subject to the 10% royalty fee; all other items will rise from 3% to 6%.
There is currently 6,718 xtz in the Revenue Share contract pool. We will be doubling the pool by the time the staking launches.
Below is how the GIF Revenue Share staking will work…
$GIF Revenue Share
45 day lock of 100,000 tokens. The more you stake, the more you make.
3% of all market sales go into a revenue share pool that will get distributed to stakers of this tier.
Earning starts on start of staking based on percentage of pool you have
You can unstake and add more at any time.
The clock will only reset if you unstake below 100,000.
There will be penalties for unstaking at different times:
Before 15 days: 40% penalty
Between 15-30 days: 10% penalty
Between 30-45 days: 5% penalty
After 45 days, you can unstake at no penalty BUT if you go below 100,000, you will reset the penalty clock.
Read about all the tiers here: https://docs.gif.games/usdgif-staking