2-1. Stake & Idle Mode
How to start Stake NIMF & NFT?
Niimfer World adopts blockchain technology supporting the “Play 2 Earn” experience. The most direct way to earn money in Niimfer World is Idle/Staking. Investors/Players need to have NIMF tokens and at least 3 Niimfers (NFT) to start Idle/Stake mode. In that way, the NIMF/Niimfers will gradually earn the NIMF token and collect interesting items & treasures!
Staking will allow NFT and NIMF tokens holders to earn staking income. NIMF tokens are used as governance tokens which means that players with NIMF tokens are regarded as our investors. At the end of the year, they will be able to share the profit. When players would like to start staking, choose the plan to prepare Niimfer NFT & NIMF tokens and decide how long you want to stake. By locking up NFTs, users can receive rewards based on the annual percentage rate (APR) and the number of NFTs staked. Players cannot receive the rewards and get back their NFT & NIMF until the end of lock time. However, you can decide to take out interest rates whenever you want. Moreover, if players stake Niimfer NFT, they could play the idle game to receive the token called Crystal Powder (CP). CP can be used to buy props for staking and for PVE/PVP games. It can also be traded for profit.
The annual percentage rate (APR) of the NIMF token staking system is 8% and the maximum APR is 32%. Officials will adjust APR irregularly based on the activities we hold, and we reserve all the rights for the final explanation. (NOTICE: After public sale or IDO, we plan to close the mechanic of generating NIMF tokens. Only when special festivals or big events are held will there be the chance to restart the staking system.)
Staking Rules
The maximum number of staking NIMF tokens is the 30% of NIMF tokens you hold. The rest of them are calculated as annual dividends. (NOTICE: staking dividends and annual dividends are separate. For example, if using 30% for staking, then the annual dividends will be 70% of NIMF tokens you hold)
Staking is an annual special event, which means that after the event, only when special festivals or big events are held will there be the chance to restart the staking system. Once choosing the number and period to be locked, the staking contract will start. You are not allowed to do any changes after you decided on the plan, so think twice before you select.
Staking Options
Niimfer World reserves the right of final revision and interpretation of the above content as well as the Niimfer World Whitepaper.
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