đ$HEIST Staking
Enhancing $HEIST Value Through Deflationary Staking
Welcome to HeistStaking, a pivotal feature of Based Heist ecosystem designed not only to reward $HEIST token holders but also to amplify the deflationary nature of the $HEIST token. By staking $HEIST tokens, participants actively contribute to reducing the overall token supply while receiving tokens directly purchased from the market, fostering a sustainable and valuable ecosystem for all.
Deflationary Staking Explained
At the core of HeistStaking lies a unique deflationary mechanism that sets it apart from traditional staking protocols. Here's how it strengthens the $HEIST token's value:
Stake $HEIST: Investors can stake however many tokens they wish to stake on Based Heist and in return they earn rewards from the already created and locked rewards pool. Advisable locking period is 1 year, but investors can unstake tokens at any time they want.
We have created a staking pool with 1% of the supply in it. Any investor who wishes to add their tokens in the staking pool will earn rewards from it.
We have implemented a 5% transaction tax on $HEIST tokens. Five percent of the tokens collected through this tax will subsequently be automatically distributed to the stakers' wallets as an additional reward.
Dyamic APY
Our staking APY is dynamically calculated and increases with the time you stake and number of tokens you stake. It can change multiple times per day. You can get an APY bonus when you lock your tokens for longer.
APY is also dependent on total number of tokens staked by users and total number of rewards. APY will increase at times when there are more tax funds flowing into the staking contract.
How to Participate in HeistStaking
To join HeistStaking and start benefiting from its deflationary rewards, follow these simple steps:
Navigate to the Stake $HEIST on our website
Connect your web3 wallet that holds $HEIST tokens.
Select the amount of $HEIST tokens you wish to stake.
Confirm the transaction to begin staking your tokens.
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