⛏️Stake
Last updated
Last updated
$TURT Pool is a brand new way for users to participate in project launches on the TurtSat platform, balancing fairness and efficiency, and at the same time, it will effectively eliminate the behavior of bots who use scripts to loot a large number of donation shares, so that $TURT holders can participate and get their due rights and interests.
$TURT Pool supports both BRC-20 and ERC-20 users to participate. Users need to wait for 1 block to confirm the staking to the account on BRC-20 (usually 10–30 minutes), and the platform only supports the
staking of $TURT that is not inscribed. On ERC-20 the time will follow the execution of the smart contract to the account after the staking is completed.
Minimum amount of staking per transaction is 20,000 $TURT.
Users can release the staking at any time. However, in order to limit the number of unfaithful holders, a 5,000 $TURT service fee is required for a single staking release.
BRC-20 is subject to inscription and network limitations, the release of the staking to the account will work within 24 hours, and on ERC-20 the time will follow the smart contract execution.
In the early days, EGGS only supported circulation and use on BRC20, and EGGS can also be transferred between different addresses on BRC-20.
EGGS obtained through ERC-20 needed to be transferred to BRC-20 before use.
A 9% service fee will be charged for each EGGS transfer.
Users can exchange EGGS for the whitelist of corresponding items through Hatching WL. The quantity and price of the whitelist will be dynamically adjusted according to the project plan, and the Turtsat platform will announce the whitelist rules before the start of each project launch.
Users will be able to participate in the project Launch after redeeming their whitelist, and if they do not participate after redeeming their whitelist, their whitelist eligibility will be voided outright.
In order to avoid the inflationary effect of over-exploitation of EGGS, the staking period of TURT Pool will be set to every 30 days, and the staking will be automatically stopped at the end of each TURT Pool, and a new pool will be opened dynamically according to the development of the platform.
Meanwhile, in order to balance the interests of the majority of retail investors on the platform, the maximum revenue limit for each single address will be set at 500,000 EGGS per period, and the staking will be automatically stopped when the user’s address reaches the maximum revenue limit.
