💰
Staking
Document last updated: Dec. 13th, 2022.
🎉Staking Rewards Explained🎉
✅2% of Total Volume once migrated will go directly to Staking Rewards
✅Transaction taxes (TBD) on SD projects will be used for Marketing, Growth, & Staking
✅FTW transaction & subscription fees will feed Marketing, Growth, & Staking
Good news for migrating:
The Migrator will recognize V1 and V2 staked tokens (no need to unstake to migrate), FEG SmartSwap holdings, and of course FEGtokens held within your wallet!
✅Only the SmartDeFi token creator can create the Staking Contract.
✅Once creating the Staking Contract, it automatically updates the token contract to acknowledge it!
✅We have integrated the option to incorporate a secondary reward token when deploying or later!
-Note: If the team wishes to change the secondary token given during staking, they will need to launch a new staking contract.
✅Staking contracts are whitelisted on the Deployer to avoid transfer taxes BUT reflections are applied if the token is RFI because it can not be bypassed!
✅The Staking Contract will acknowledge an investors initial Staking amount and track the amount of rewards accrued on top, allowing claim of either all or just the accrued rewards.
✅When users Stake they will in return receive SDSS (SmartDeFi Staking Share) tokens (ratio TBD) similar to the current FSS from the previous FEG staking.