- Staking
Beginns on Launch
Last updated
Beginns on Launch
Last updated
Token Involved:
CVE (Chainverge Token) Stake here:
Staking Rewards:
Users can earn rewards with an Annual Percentage Yield (APY) of up to 102%.
Staking Weight (Reward Tiers): The rewards users receive are based on the amount of CVE they stake, broken down as follows:
0 - 5000
3%
36%
5.000 - 25.000
4,5%
54%
25.000 - 100.000
6%
72%
100.000 - 250.000
6,5%
78%
250.000 - Unlimited
8,5%
102%
Fees:
There's a 1.5% fee applied both when users stake (enter the staking contract) and unstake (withdraw from the staking contract) their tokens.
Referral System: Chainverge's staking application integrates a profit-sharing referral system to incentivize users to introduce others to the platform. However, to unlock this referral system, users must stake a minimum of 5,000 CVE tokens.
Level 1 Referrals: Earn 15% of the referred user's profit
Level 2 Referrals: Earn 5% of the referred user's profit
Level 3 Referrals: Earn 3% of the referred user's profit
Built-in Price Protection Mechanism: The staking protocol of Chainverge incorporates a mechanism designed to support a rising token price. Specifically, for every 10% decrease in the Staking Contract Balance, the staking reward is reduced by 10%. This strategy ensures that as the staked amount decreases, the rewards are adjusted to maintain a balance and support the token's value.
This built-in mechanism demonstrates Chainverge's commitment to maintaining a stable and growing token value, ensuring the long-term sustainability and attractiveness of the project for both current and potential stakeholders.
By introducing the requirement to stake a minimum of 5,000 CVE tokens to unlock the referral system, Chainverge ensures that only committed members of the community can benefit from referring others, further strengthening the project's ecosystem.
Smart Contract: Coming Soon...