Staking was launched by Creator at the beginning of November! Users will be able to stake CTR with only a few simple clicks and earn yield.
What is Creator?
Creator is a Blockchain as a Service (BaaS) platform that provides No Code Smart Contract, Low Code DApp and other services to empower the DeFi and NFT World. Creator’s Blockchain features shall broaden the gate for every game studio and developer to enter the gamified NFT and Blockchain industry.
What is Staking?
Simply put, staking is the process of locking currency in order to get rewards. Many times, consumers can get their tokens immediately from their e-wallets. Staking rewards in Creator will come in the form of tokens.
How to stake CTR?
All users can stake CTR tokens in staking pools, and users will stake CTR tokens to earn more CTR tokens. The more CTR tokens you bet and the longer you invest, the more money you’ll make.
Creator is building and expanding its ecosystem, which includes some key services like as the Smart Contract Marketplace (No Code Smart Contract), Low Code DApp, Launchpad, NFT, and other DeFi services, according to a recent announcement. The idea is that all money collected from various services will be used to market buy CTR, which will then be distributed to the DAO. Staking rewards will be distributed to CTR holders for 70% of the charge by default.
Where to stake CTR?
Users can stake at the Creator website’s [STAKE] section. Creator is currently working on the finishing touches in order to launch the feature in the first week of November. Keep an eye on our official channel for the most up-to-date information on Creator Staking.
At an early stage, Creator support users in 2 Main Networks including BSC and Ethereum.
If you’re owning CTR token in your wallet, there are 03 staking options for you:
No lock-up pool: you can stake and unstake any moment you want. This pool allows you to earn a fixed APR of 3–5% of the initial fund you stake.
90-day locked pool: Once staking starts, you can only unstake after 90 days. This pool allows you to earn a fixed APR of 14%.
180-day locked pool: Similar to 90-day locked pool. Once staking starts, you can only unstake after 180 days. However, this option would bring you the highest yield of 28%.
All staking incentives will be issued by blocks, and you will be able to claim them immediately. You will only receive CTR tokens as a reward.
When the total allocation reward reaches 3,000,000 CTR, all pools will be frozen, and no one will be able to stake. People who have already staked CTR tokens, on the other hand, can still unstake and claim their tokens.
When you choose a 90-day or 180-day locked pool, the time it takes to unstake is computed based on the last time you staked.
For example, suppose you stake 1,000 CTR on a 90-day locked pool on November 1, 2021, and then continue to stake 500 CTR on November 15, 2021, resetting the staking time to November 15, 2021.
Find out more about Creator: