Staking
Non-custodial Staking
After $KULLZ presale you will be able to stake your Cool Bullz through our new non-custodial staking system. You will earn the new liquid $KULLZ token that can be traded and used on our upcoming platform. Non-custodial staking means that you retain ownership of your NFT upon staking, whereas custodial staking means that you transfer your NFT to a staking contract and therefore lose the ownership.
New Staking Rewards Formula
Staking reward rate will be automatically calculated by the following formula and will be dynamic:
Floor_Price * APR / 100 / Token_Price / 365 = $KULLZ per day
APR reflects the performance of Cool Bullz collection based on its Floor_Price. Token_Price affects the amount of tokens you earn. The higher token price, the fewer tokens you will earn. The formula means that you earn an amount of Matic per year in $KULLZ, that equals the Floor_Price multiplied by APR/100. For example, floor price 15 Matic, APR 30%, token price 0.005 Matic, you will earn: 15 * 30 / 100 / 0.005 / 365 ≈ 2.46 $KULLZ per day (or 898 per year, which is equivalent to 4.45 Matic, 30% of 15) Rewards will be credited in real time, and not once a day, we just want to clearly illustrate how it all works.
How we determine the variables in the formula
Floor Price and Token Price is set manually through the contract and will be changed over time if it changes significantly (so if prices slightly go up and down, the rate will be more stable)
APR is set manually through the contract and can be changed in the future, starting APR is 30%
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