Voxel X Network Whitepaper Version 2.0
  • Background
  • About Voxel X Network
  • Tokenomics
    • Token Utility
  • Roadmap
    • Q1 / Q2 2022 - The Start
    • Q3 / Q4 2022 - Growth
    • Q1 / 2023 - Level Up
    • Q2 / 2023 - The Future
  • Voxel X Ecosystem
    • Leadership Team
    • Advisors
    • Key Supporters
    • Revenue Streams
    • SuperKluster NFT Marketplace
    • VoxDEX Exchange
      • Swap
      • Limit Order Swap
      • Swap Fees
        • Swap Fees Distribution
      • Liquidity
      • Liquidity Farming Pools
        • Voxel X Network Farming Pools
        • Stable Token Farming Pools
        • Voxel X NFT, GameFi & Metaverse Partnerships Farming Pools
        • Single Sided Staking Pool
          • Voxel X Singled Sided Staking
          • Voxel X NFT, GameFi & Metaverse Partnerships Single Sided Staking
      • NFT Staking
        • Voxel X NFT Staking
        • Voxel X NFT, GameFi & Metaverse Partnerships NFT Staking
      • Expert Trading Mode
      • Main EVM Chain Bridges
      • Security
    • VoxCitizens NFT Collection
    • VoxelXVerse Metaverse
    • VoxNodes Node Network
    • Voxel X Network Partnerships
      • Voxel X NFT, GameFi & Metaverse Partnerships
        • Our Listed NFT, GameFi & Metaverse Partners
      • Voxel X Creative Partnerships
        • Our Listed Creative Partners
    • Brand Ambassadors
  • Voxel X Network DAO
    • VoxDAO
      • VoxDAO Proposal Process(VPP)
        • Proposal Phases
      • Voting
  • Security
  • Legal
  • Exchange Listings
    • DEX
    • CEX
  • Featured
  • Voxel X Network Links
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  1. Voxel X Ecosystem
  2. VoxDEX Exchange
  3. NFT Staking

Voxel X NFT Staking

$VXL NFT REWARD SUPPLY POOL VXLNRP Voxel X Network $VXL Reward Supply Pool Allocation = 5,000,000 Tokens + 50% from VoxCitizens sales (including from ongoing royalties)

VOXEL X NETWORK NFT STAKING POOL

Rewards will be paid in $VXL Tokens The APR is based on the following live formula as follows: (($VXL NFT REWARD SUPPLY POOL / (365 days lapsed from the first day of rewards commencement)) / amount of VoxCitizens NFTs staked) * amount of VoxCitizens NFTs staked

There is no lock in duration for NFT staking

$VXL Rewards can be claimed at any time We have included an API which will list all live wallets that are currently staking VoxCitizens NFTs (removed from list if unstaked), to have the ability to vote in the future DAO system, refer to the VoxDAO for more information Please refer to the below example for illustration purposes only:

If a max of 10 x VoxCitizens NFTs ($300 * 10 = $3,000) were purchased by one buyer.

If all 1000 VoxCitizens NFTs were sold out (average of $300 per NFT * 1000 = $300,000), and they were all staked for $VXL rewards.

The reward pool of $500,000 (5M tokens @ $VXL price US$0.10) + $150,000 (50% of the Total $300,000 NFTs sold) = US$650,000

Based on the APR formula (($VXL NFT REWARD SUPPLY POOL / (365 days lapsed from the first day of rewards commencement)) / amount of VoxCitizens NFTs staked) * amount of VoxCitizens NFTs staked

If VoxCitizens holder stakes 1 VoxCitizens for 365 days, this would result in US$650 per annum

If VoxCitizens holder stakes the maximum 10 VoxCitizens for 365 days, this would result in US$6500 per annum

To add context to the above example for illustrative purposes only:

If $VXL Price were to increase to $0.20. The maximum 10 VoxCitizens staked for 365 days would result in US$13,000 per annum

If $VXL Price were to increase to $0.50. The maximum 10 VoxCitizens staked for 365 days would result in US$32,500 per annum It is also worth considering the possibility that not all 1000 VoxCitizens NFTs will be staked at the same time, which would result in an increase in the live APR.

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Last updated 2 years ago