💵Staking

How does Staking work

After TGE, all users will have access to staking mechanics on the project’s website:

• 25% of the total supply (250M tokens) is allocated for staking rewards with a vesting period of 12 months.

• Types of staking available:

  • 3 months – with a 100% bonus

  • 6 months – with a 250% bonus

  • 9 months – with a 400% bonus

  • 12 months – with a 600% bonus

  • Users can select the desired staking option and specify how many tokens they wish to stake, or simply use the MAX button to stake all available tokens.

• Staking bonuses are distributed weekly, while the staked amount remains locked.

• Bonus tokens received from staking can be claimed and re-staked into any of the available staking options.

• The staking rate is dynamic, depending on the number of participants and the total amount of tokens staked across the platform.

• Before confirming staking, users will see a pop-up window showing all details, including the final dynamic rate and the exact unlock date.

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• After staking, users will be able to view their current staked amount and the unlock date for each stake.

• Once the staking period ends, users can use the CLAIM function to collect their bonus tokens.

• Keep in mind that all actions related to staking, claiming, and withdrawing $REDPANDA tokens happen on the Solana network, so users will need to cover Gas Fees in SOL tokens. We recommend keeping at least a couple of dollars in SOL on your wallet.

• Coming soon: Staking Leagues, the more tokens you stake, the higher the league you’ll reach. Each new league unlocks exclusive project rewards for our $REDPANDA holders. Stay tuned for updates!

Fees. Important!!!

• In the Solana network, all transactions (claims, transfers, staking, etc.) require payment of network gas, for this you need to have $ 1-2 in SOL tokens.

• During the first 3 days after TGE, we will have an additional commission in $REDPANDA tokens, it will be 2%, but not more than 200 tokens. This is done to reduce the sell pressure. After 3 days, the commissions will disappear. Example:

  • If you claim 100,000 tokens, then 2% is 2,000 tokens, we have a limit of 200 tokens of commission. Therefore, net you will receive 100,000 - 200 = 99,800 $REDPANDA tokens.

  • If you claim 200 tokens, then 2% is 4 tokens. So net you will get 200 - 4 = 196 $REDPANDA tokens.