Kyokoans,
We’re back with an important update regarding our $KYOKO staking rewards pool. We originally reserved 100m $KYOKO tokens to be used as staking rewards — or 10% of the total token supply. These rewards will be fully consumed shortly. Here’s what you need to know:
Key Information:
- $KYOKO staking pools were released on April 12, 2022.
- 100m $KYOKO tokens were issued in total for staking rewards.
- Approximately 225,000 tokens have been minted each day.
- Rewards will be fully consumed as of 05:00 UTC on June 28.
- Claimable token rewards have a 1-year vesting period.
Now that you have the important information, let’s hop into some questions that you may have!
FAQ
Q: How many tokens were issued for staking rewards in total?
A: We issued 100m tokens for staking rewards — or 10% of total $KYOKO supply. More information regarding our tokenomics can be found here.
Q: What has $KYOKO token staking distribution looked like?
A: We launched the $KYOKO staking function on April 12, 2022. Since, an average of approximately 225,000 tokens have been minted each day. At this rate, token staking rewards were anticipated to last for 445 days — or ~14–15 months. Final staking rewards will be fully consumed at 05:00 UTC on June 28, or ~442 days following our initial staking release.
Q: When can I collect my token staking rewards?
A: $KYOKO staking token rewards have a one year vesting period. Therefore, $KYOKO stakers can collect their staking rewards exactly one year following the maturity of their staking duration.
Remember that stakers must click the “Claim” button at the end of their staking period in order to begin the one year vesting period.
That’s it for now, Kyokoans. We appreciate your continued support as we build for the future of GameFi!
About Kyoko
Kyoko addresses the most challenging issues in Web3. Kyoko’s cross-chain asset lending platform solves the persistent issues limiting the GameFi market, including the rising cost of entry and siloed in-game assets across different blockchains. Kyoko’s P2P NFT lending platform expands inclusivity and access to liquidity for NFT projects and holders through its decentralized fixed-rate NFT lending protocol. The $KYOKO token launched in April 2022.
Follow Kyoko at the links below to stay up to date on upcoming events, releases, and news:
Website | Twitter | Discord | Docs | CCAL | P2P NFT Lending | $KYOKO | Stake
