Staking - Revision history

Neswulf: /* How Does Staking Work? */

2022-10-06T13:55:14Z

How Does Staking Work?

← Older revision		Revision as of 13:55, 6 October 2022
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	VulcanVerse land NFTs can be upgraded to a maximum level of 7 to reap the most rewards from your land.<br>		VulcanVerse land NFTs can be upgraded to a maximum level of 7 to reap the most rewards from your land.<br>
	Land NFTs can also have their rewards boosted by owning one of the many VulcanVerse God NFTs.<br>		Land NFTs can also have their rewards boosted by owning one of the many VulcanVerse God NFTs.<br>
	See the following page for more information on Gods within VulcanVerse. <b>[[~~Gods_~~(Titans/Olympians)]]</b>		See the following page for more information on Gods within VulcanVerse. <b>[[Gods (Titans/Olympians)]]</b>

	The staking pool is shared across all players who have PYR staked within their land NFTs. <br>		The staking pool is shared across all players who have PYR staked within their land NFTs. <br>

Neswulf at 13:54, 6 October 2022

2022-10-06T13:54:27Z

← Older revision		Revision as of 13:54, 6 October 2022
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	Staking is a great way to use your PYR tokens to generate passive income. <br>		Staking is a great way to use your PYR tokens to generate passive income. <br>

	You will receive daily payouts in PYR sent directly to your market wallet within My Forge.<br>		You will receive daily payouts in PYR sent directly to your market wallet within [[My Forge]].<br>
	Your land NFT is eligible for rewards once it is upgraded to the minimum eligible staking level of 2.<br>		Your land NFT is eligible for rewards once it is upgraded to the minimum eligible staking level of 2.<br>

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	20% of the sowing fee will be burned.<br><br>		20% of the sowing fee will be burned.<br><br>

	*A 10% equivalent of the PYR sow fee on each level will be paid in LAVA.<br>		*A 10% equivalent of the PYR sow fee on each level will be paid in [[LAVA]].<br>
	*Example: to upgrade to level 3 you need 90 PYR + 10% of the full sow fee in LAVA.<br>		*Example: to upgrade to level 3 you need 90 PYR + 10% of the full sow fee in LAVA.<br>
	*The exact amount of LAVA will be decided on a moving average prior to the next land level being unlocked.		*The exact amount of LAVA will be decided on a moving average prior to the next land level being unlocked.

Neswulf: Minor tweaks

2022-10-06T13:51:38Z

Minor tweaks

Fdjizm: /* How does staking work? */

2022-10-05T17:31:24Z

How does staking work?

← Older revision		Revision as of 17:31, 5 October 2022
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	The amount of XP you will need to earn to qualify for staking rewards increase with the amount of land you own.<br>		The amount of XP you will need to earn to qualify for staking rewards increase with the amount of land you own.<br>
	To qualify for staking rewards each day you will need to earn the amounts of XP listed in the graphic below.<br><br>		To qualify for staking rewards each day you will need to earn the amounts of XP listed in the graphic below.<br><br>
	[[File:XP_Requirements.png\|425x425px]]		[[File:XP_Requirements.png\|425x425px]]<br>

	Vulcan Verse land NFT's can be upgraded to a maximum level of 7 to reap the most rewards from your land.<br>		Vulcan Verse land NFT's can be upgraded to a maximum level of 7 to reap the most rewards from your land.<br>

Fdjizm: /* How does staking work? */

2022-10-05T17:31:12Z

How does staking work?

← Older revision		Revision as of 17:31, 5 October 2022
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	The amount of XP you will need to earn to qualify for staking rewards increase with the amount of land you own.<br>		The amount of XP you will need to earn to qualify for staking rewards increase with the amount of land you own.<br>
	To qualify for staking rewards each day you will need to earn the amounts of XP listed in the graphic below.<br>		To qualify for staking rewards each day you will need to earn the amounts of XP listed in the graphic below.<br><br>
	[[File:XP_Requirements.png\|425x425px]]		[[File:XP_Requirements.png\|425x425px]]

Coxsurf at 20:05, 4 October 2022

2022-10-04T20:05:26Z

← Older revision		Revision as of 20:05, 4 October 2022
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	Upgrading your land is optional and the following fee structure applies to each upgrade level.<br>		Upgrading your land is optional and the following fee structure applies to each upgrade level.<br>
	[[File:~~Land Sowing~~-Staking.png\|700x700px~~\|center~~]]		[[File:Land_Sowing-Staking.png\|700x700px]]

	==Where does my sowing fee go?==		==Where does my sowing fee go?==

Coxsurf at 20:04, 4 October 2022

2022-10-04T20:04:30Z

@@ Line 16: / Line 16: @@
 The amount of XP you will need to earn to qualify for staking rewards increase with the amount of land you own.<br>
 To qualify for staking rewards each day you will need to earn the amounts of XP listed in the graphic below.<br>
-[[File:XP Requirements.png|425x425px|left]]<br>
+[[File:XP_Requirements.png|425x425px]]
 Vulcan Verse land NFT's can be upgraded to a maximum level of 7 to reap the most rewards from your land.<br>

Coxsurf at 20:04, 4 October 2022

2022-10-04T20:04:05Z

← Older revision		Revision as of 20:04, 4 October 2022
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	To qualify for staking rewards each day you will need to earn the amounts of XP listed in the graphic below.<br>		To qualify for staking rewards each day you will need to earn the amounts of XP listed in the graphic below.<br>
	[[File:XP Requirements.png\|425x425px\|left]]<br>		[[File:XP Requirements.png\|425x425px\|left]]<br>

Coxsurf at 20:03, 4 October 2022

2022-10-04T20:03:50Z

@@ Line 16: / Line 16: @@
 The amount of XP you will need to earn to qualify for staking rewards increase with the amount of land you own.<br>
 To qualify for staking rewards each day you will need to earn the amounts of XP listed in the graphic below.<br>
-[[File:XP Requirements.png|425x425px|center]]<br>Vulcan Verse land NFT's can be upgraded to a maximum level of 7 to reap the most rewards from your land.<br>
+[[File:XP Requirements.png|425x425px|left]]<br>
 Land NFT's can also have their rewards boosted by owning one of the many Vulcan Verse God NFT's.<br>
 See the following page for more information on God's within the Vulcan Verse. <b>[[Gods_(Titans/Olympians)]]</b>

Coxsurf at 19:44, 4 October 2022

2022-10-04T19:44:50Z

← Older revision		Revision as of 19:44, 4 October 2022
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	Upgrading your land is optional and the following fee structure applies to each upgrade level.<br>		Upgrading your land is optional and the following fee structure applies to each upgrade level.<br>
	[[File:Land Sowing-Staking.png\|700x700px\|center]]		[[File:Land Sowing-Staking.png\|700x700px\|center]]
	~~<br>~~

	==Where does my sowing fee go?==		==Where does my sowing fee go?==

← Older revision		Revision as of 13:51, 6 October 2022
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	==What ~~is staking in Vulcan Verse~~?==		==What Is Staking In VulcanVerse?==

	Staking in ~~Vulcan Verse~~ is an optional bonus exclusive to land owners.<br>		Staking in [[VulcanVerse]] is an optional bonus exclusive to land owners.<br>

	~~Vulcan Verse~~ land owners can benefit from staking their land ~~NFT's~~ with PYR.<br>		VulcanVerse land owners can benefit from staking their land NFTs with [[PYR]].<br>
	Staking is a great way to use your PYR tokens to generate passive income. <br>		Staking is a great way to use your PYR tokens to generate passive income. <br>

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	Your land NFT is eligible for rewards once it is upgraded to the minimum eligible staking level of 2.<br>		Your land NFT is eligible for rewards once it is upgraded to the minimum eligible staking level of 2.<br>

	==How ~~does staking work~~?==		==How Does Staking Work?==

	Land staking is the process of temporarily locking your PYR tokens within your ~~Vulcan Verse~~ land NFT.<br>		Land staking is the process of temporarily locking your PYR tokens within your VulcanVerse land NFT.<br>
	To be eligible for your daily PYR rewards you must earn the required amount of XP in ~~Vulcan Verse~~.<br>		To be eligible for your daily PYR rewards you must earn the required amount of XP in VulcanVerse.<br>

	The amount of XP you will need to earn to qualify for staking rewards increase with the amount of land you own.<br>		The amount of XP you will need to earn to qualify for staking rewards increase with the amount of land you own.<br>
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	[[File:XP_Requirements.png\|425x425px]]<br>		[[File:XP_Requirements.png\|425x425px]]<br>

	~~Vulcan Verse~~ land ~~NFT's~~ can be upgraded to a maximum level of 7 to reap the most rewards from your land.<br>		VulcanVerse land NFTs can be upgraded to a maximum level of 7 to reap the most rewards from your land.<br>
	Land ~~NFT's~~ can also have their rewards boosted by owning one of the many ~~Vulcan Verse~~ God ~~NFT's~~.<br>		Land NFTs can also have their rewards boosted by owning one of the many VulcanVerse God NFTs.<br>
	See the following page for more information on ~~God's~~ within ~~the Vulcan Verse~~. <b>[[Gods_(Titans/Olympians)]]</b>		See the following page for more information on Gods within VulcanVerse. <b>[[Gods_(Titans/Olympians)]]</b>

	The staking pool is shared across all players who have PYR staked within their land ~~NFT's~~. <br>		The staking pool is shared across all players who have PYR staked within their land NFTs. <br>
	Higher level lands receive higher rewards for the larger amount of staked PYR.<br>		Higher level lands receive higher rewards for the larger amount of staked PYR.<br>

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	[[File:Land_Sowing-Staking.png\|700x700px]]		[[File:Land_Sowing-Staking.png\|700x700px]]

	==Where ~~does my sowing fee go~~?==		==Where Does My Sowing Fee Go?==

	All ~~sow~~ fees are one time non-refundable payments which are distributed as follows.<br>		All sowing fees are one time non-refundable payments which are distributed as follows.<br>

	50% of the sowing fee goes towards the staking rewards pool.<br>		50% of the sowing fee goes towards the staking rewards pool.<br>
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	20% of the sowing fee will be burned.<br><br>		20% of the sowing fee will be burned.<br><br>

	*A 10% equivalent of the PYR sow fee on each level will be paid in ~~lava~~.<br>		*A 10% equivalent of the PYR sow fee on each level will be paid in LAVA.<br>
	*Example: to upgrade to level 3 you need 90 PYR + 10% of the full sow fee in ~~lava~~.<br>		*Example: to upgrade to level 3 you need 90 PYR + 10% of the full sow fee in LAVA.<br>
	*The exact amount of ~~lava~~ will de decided on a moving average prior to the next land level being unlocked.		*The exact amount of LAVA will be decided on a moving average prior to the next land level being unlocked.

	==Avatar ~~level and land staking~~==		==Avatar Level & Land Staking==

	Your ~~Avatar~~ must be upgraded to the appropriate level before you can stake your land.		Your avatar must be upgraded to the appropriate level before you can stake your land.

	In order to stake at level 2, for example, your avatar must be upgraded to at least level 2 using the appropriate amount of XP.		In order to stake at level 2, for example, your avatar must be upgraded to at least level 2 using the appropriate amount of XP.
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	In order to stake at level 3, your avatar must be upgraded again to at least level 3 using the appropriate amount of XP.		In order to stake at level 3, your avatar must be upgraded again to at least level 3 using the appropriate amount of XP.

	You can upgrade your ~~Avatar~~ in the 'My Profile' section of [https://myforge.vulcanforged.com/Account/userprofile ~~MyForge~~].		You can upgrade your avatar in the 'My Profile' section of [https://myforge.vulcanforged.com/Account/userprofile My Forge].

	Vulcan requires that you sacrifice your experience points to level up in ~~the Vulcan Verse~~.<br>		Vulcan requires that you sacrifice your experience points to level up in VulcanVerse.<br>
	Below are the requirements to upgrade your avatar to each new level, these requirements may be changed at any time.		Below are the requirements to upgrade your avatar to each new level, these requirements may be changed at any time.