🥩Staking Mechanics
Staking Requirements: 2500 $USA Tokens + 1 DEDPRZ NFT
One of the core propositions of GambleFi is to drive value back to the core community of the online casino. Thus, to adhere to the core spirit of Gamblefi, 65% of the net profits from the Casino are given back to the NFT stakers
60% reserved for DEDPRZ NFTs, and 5% reserved for SEED NFTs.
We facilitate this process by buying back $USA from the open market and distributing it as licensing fees to the NFT stakers.
Staking and Reward Distribution Process:
Each holder has to pair each DEDPRZ NFT with 2,500 $USA tokens to enter the staking pool.
Each holder needs to stake the NFTs for a minimum of 21 days per month to be eligible to receive rewards.
The rewards are calculated at the end of each month. It is calculated in U.S. Dollars ($) and distributed in $USA tokens.
The relevant amount of $USA tokens is then bought from the open market and deposited into the vault.
The stakers can claim their rewards from the vault at any point in time.
Example:
1 NFT needs to pair with 2,500 $USA
10 NFTs need to pair with 25,000 $USA.
Rule of thumb:
60% of the net profit is reserved for the DEDPRZ NFT collection
5% of the net profit is reserved for the Seed Bond NFT collection
Hypothesis: Doing buybacks of $100K-5M
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