We would also like to take this opportunity of announcing about our POC Staking program. According to the POC tokenomics, 12% of total supply of POC has been allocated for staking, thus we have outlined our staking program. Keeping this in mind, we also have created this step-by-step guide on how to stake your POC tokens — so here it is!
Staking opens: Tuesday, 15th February 2022
Standard Staking Reward Options* : 30% APR for 30 days / 100% APR for 90 days
NO Min. NO Max amount of POC for staking
NO early withdrawal is possible once POC has been staked for the fixed period of time.
*This two options are available for all POC staking users. The 130% rewards option is only available for event participants as one-off. The APR (Annual Percentage Rate) rewards can be changed after the fixed term of staking has been matured.
Follow the simple steps below in order to get your POC tokens to earn for you!
1. Accessing the POC staking page
To access the staking page, you will have to visit https://sdk.pocketarena.com/staking. The screenshot below shows how the POC staking looks like.
In order to facilitate stalking, you will have to connect your Metamask wallet.
We have created a guide on how to install Metamask wallet which you can find HERE.
Once you have connected your Metamask wallet, you will have to grant permission to Metamask to access the POC staking page. Once your wallet is connected to the POC staking page, this is how the webpage will look like. Your Metamask details will be displayed on the top left section of the POC staking page (next to support) as shown below.
2. Overview of the POC Staking page
In this section, we will talk about each part of the POC Staking page once your Metamask wallet is connected.
Once you have connected your metamask wallet, clicking on it will reveal your wallet details. These details will include Your Address and POC Balance. There will also be an option to Disconnect your wallet.
The top section of the page gives the user a preview of the POC Staked and is divided into 3 sections namely Total POC Staked, Total Value Locked and POC Price, which is basically the current market price of POC.
3. Selecting and submitting your POC stake.
The second subsection gives you predefined options to stake POC. The 3 options include staking POC with 30% rewards, 100% rewards and 130% rewards.
Upon clicking ‘Select’, you will be directed to a POC Staking pop up which will have the option to select the duration, followed by the amount and a confirmation button. The balance section displays your POC amount followed by the ‘Max’ option below to select all POC you intend to stake.
Under duration, the default option is 90 days with special events. But if the user selects the 30 day or 90 day option in the home page, the popup is opened with the “30 days”/”90 days” option selected automatically. Please note that NO early withdrawal is possible once your POC has been staked for fixed period of time.
The estimated APR value depends on the selected duration:
- 30 days: 30%
- 90 days: 100%
- 90 days with special event: 130%*
Upon confirming Staking and connecting to your Metamask, you will be asked to pay the gas fee two times (two times of Pop-up screen as below). That is a standard process to pay twice the gas fee in Metamask wallet.
130% APR for 90 days option is only available for special event participants as an one-off event. You will be contacted by our customer support team (firstname.lastname@example.org) or you can also contact us.
The third subsection displays the POC Price, your stake in POC and your collection of NFT items.
The POC price section displays the POC price (from PancakeSwap) and the increase/decrease compared to the previous day. You can click on “Buy” to open PancakeSwap in the new browser tab and buy POC.
4. View Your Staked Tokens
We have also included the functionality where the user can check and get an update on their staked POC. The status screen will show the user the Amount of POC staked followed by its market value and estimated reward. Please note that after successful staking submit, it can take a few mins ( 1–2 mins) to show your new staking status. So please wait for a few minutes to see the staking updates.
You can also check your POC staking status under this link.
5. Buying NFT items
When a user has a buy ticket(s), they can tap on the “Buy NFT” button in the Home page. Upon clicking, it will take them to the PA login page where they will have to enter their login credentials.
Upon successful login, the buy ticket(s) for this PA account will be recorded by the system and the user will be directed to the Castle Market app in a new browser tab, where the purchase can be made.