🥩Staking
Stake your Mystical Masks NFT for multiple benefits.
How NFT Staking works
NFT staking refers to locking up NFT tokens on a platform or protocol in exchange for staking rewards and other benefits. Staking NFTs allows holders to earn an income from their collection while maintaining ownership.
Staking Yields
NFTs staked will earn 8 $MASK tokens per day as a standard staking yield. There will be no minimum lock-up period and you NFTs can be unstaked at anytime.
Exclusive NFTs & Whitelists Raffles and Auctions
For every project that Mystical Masks partner with a percentage of total Whitelist supply will be charged. Part of the spots we get will be redirected exclusively to community holders via raffles and auctions.
Alongside with that, we will host multiples NFTs raffles with the capital we raise from percentage of the mint taken from successful projects that launched with Mystical Masks.
SHO Participation Benefits
Staking Mystical Masks NFT will increase the odds of winning a private spot on our specials investment rounds.
Everyone that has the NFT staked will be able to apply for a chance of being selected for the Holder Investment Rounds, the higher your Staking Level, higher are your chances.
The table below represents the multiplier of each level accordingly to the number of NFTs our holders has staked individually.
| Level | NFTs staked | Multiplier per NFT |
|---|---|---|
I | 1 | 1x |
II | 2 - 4 | 1.5x |
III | 5 - 9 | 2x |
IV | 10-19 | 2.5x |
V | 20+ | Guaranteed |
To select the Holders that will be able to participate in the SHOs we will host a raffle that will choose randomly the winners, the more NFTs you have staked, higher is your multiplier.
For example:
If you have 3 NFTs staked, you will have Level II of staking and your multiplier will be 1.5x per NFT, that means that for each entry you get per NFT will be multiplied by 1.5x. So, 3 NFTs will get you 3 entries, multiplies that by 1.5x and you will end up with 4.5 total entries.
If you have 8 NFTs staked, you will have Level III of staking and a multiplier of 2x. 8 NFTs will get you 8 entries, multiplied by 2x and you will end up with 16 entries.
If you have 20+ NFTs staked you will have your allocation spot granted.
The more entries you have, better are your chances of being chosen and better are your odds to have multiples entries winning allocation spots, it means that for each entry that wins the raffle the more allocations spots you get.
More Allocation Spots
Aside from increasing the odds of winning an allocation spot, staking your NFTs will give you the option to apply to more then one allocation spot in the same Investment Round. The more NFTs you have staked, more allocations spots you will be able to apply.
With more NFTs staked you can get extra investment spots and invest more money into the project you are interested in.
The amount of allocations able to apply per user and per NFT staked will be considered as in the table below:
| Level | NFTs staked | Total allocation spots |
|---|---|---|
I | 1 - 9 | 1 |
II | 10 - 19 | 2 |
III | 20+ | 3 (Guaranteed) |
More NFTs on the first level of Allocation Spots will not give you more spots to invest in, the max spots available for you to win are capped at one, instead, the odds of you winning that one and only spot available will be exponentially increasing according to the amount of NFTs staked that you have.
However, on the second level of Allocation Spots, the Total spots available to invest doubles, now aside from the Staking Bonus Multiplier, that increases your odds of winning one spot, you will be able to invest more then one time if wished.
Having more than 20 NFTs staked will grant you three allocation spots to invest, it means that there is no need for you to join the raffle, the total amount of allocations you want to participate in and invest, will be guaranteed (max at 3).
Exclusive Merch Drops and IRL items
NFT stakers will be randomly chosen every week to receive an IRL gift from Mystical Masks team, this item can include any item on our merch list and IRL items!
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