MaticLaunch Staking Event Goes Live Today!
Dear community,
We are much obliged by the support and enthusiasm we’ve received so far towards MaticLaunch. We at MaticLaunch feel that the community is as excited about this highly anticipated $MTCL staking event as we all are.
MaticLaunch enables innovative ideas built on Polygon to build and raise to be sustained in the exponentially growing crypto market. The staking platform is the core of our ecosystem using which participants will be allocated investment allocations from the potential projects.
Thus, we are happy and proud to introduce our natively developed staking platform. It will be utilized for hosting MaticLaunch Staking Event that is starting from today, Sunday 12th September — 19:30 UTC.
MaticLaunch Staking Event
$MTCL staking pool will be opened for seven days on the MaticLaunch platform. We are providing a good return under this staking event to $MTCL holders with the help of two flexible staking pools.
Check the details of each pool and you’re welcome to choose either of them based on your preference. But remember, the longer the staking period is, the higher the yield will be.
MTCL Gold Tier
The gold tier is designed for all of those $MTCL holders who want to enjoy very high yields with long-term commitment. Here are the pool details:
GOLD I Pool:
- Pool Size: 300,000 MTCL
- Staking Starts: Sunday, 12th September — 19:30 UTC
- Staking Ends: Saturday, 19th September — 19:30 UTC
- Maturity Return: 175% (Annual)
- Maturity: 60 days
- Early Withdrawal: 75% (Annual)
- Mandatory Lock: 30 days
- Minimum Staking: 3000 MTCL
Gold II Pool:
- Pool Size: 600,000 MTCL
- Staking Starts: Tuesday, 14 September 2021 — 19:30 UTC
- Staking Ends: Saturday, 19th September — 19:30 UTC
- Maturity Return: 175% (Annual)
- Maturity: 60 days
- Early Withdrawal: 75% (Annual)
- Mandatory Lock: 30 days
- Minimum Staking: 3000 MTCL
For example, Bob stakes 5000 MTCL tokens in Gold Tier. He is entitled to receive a 175% return annually starting from the 8th day if he stakes tokens for 60 days. Now if Alice wants to close the staking position once the mandatory lock period (30 days) is over, he will be able to withdraw his entire position with a 75% reward, counted annually.
MTCL Silver Tier
The silver tier is designed for all of those $MTCL holders who want to enjoy considerable yields in a short period of time. Here are the pool details:
- Pool Size: 150,000 MTCL
- Staking Starts: Sunday, 12th September — 19:30 UTC
- Staking Ends: Saturday, 19th September — 19:30 UTC
- Maturity Return: 80% (Annual)
- Maturity: 30 days
- Early Withdrawal Return: 45% (Annual)
- Mandatory Lock: 15 days
- Minimum Staking: 500 MTCL
For example, Alice stakes 1000 MTCL tokens in Silver Tier. He is entitled to receive an 80% return annually starting from the 8th day if he stakes tokens for 30 days. Now if Alice wants to close the staking position once the mandatory lock period (15 days) is over, he will be able to withdraw his entire position with a 45% reward, counted annually.
Frequently Asked Questions (FAQs)
- How to participate in the MTCL staking event?
- Just move to MaticLaunch Staking platform, choose your preferred tier, enter the amount you want to stake and confirm the transaction on Metamask.
2. Is there any minimum requirement for this staking event?
- Yes. You need to stake a minimum of 500 and 3000 MTCL for the Silver and Gold tier respectively.
3. How do you calculate the reward?
- It is based on the time you unstake your position. If you continue staking your tokens until maturity, you will receive a full reward, counted annually. If withdrawn early, the reward will be counted according to the corresponding rate of return.
4. I staked ABC number of MTCL tokens. Can I stake more afterward?
- Yes, you can stake MTCL tokens in multiple shots but make sure to follow the staking period deadline which is 7 days. You can’t stake MTCLs once the staking period is over.
5. What is the maximum cap per individual for staking?
- There are no maximum limitations on staking. Accumulate as many MTCL you prefer and enjoy high yield.
We are excited to launch this community-demanded and highly anticipated staking event and look forward to your continued support and participation in the event.
Follow us on social media and stay tuned for the upcoming exciting news and partnerships.
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