Ventorians Staking

Staking gives holders the highest place in the food chain

GEMs Boost

You can boost your Gems by Staking your NFT and unlocking The Ventorian Effect. This allows holders to enjoy the

There are 4 levels, the more NFT you own, the more Gems you can receive. Gems will be later converted into xVEN, xVEN = $VEN (the conversion rate is TBA)

• Skeptics: No NFTs = 1x Gems boosted

• Future Foreseers: 1 NFT = 1.5 x Gems boosted

• Trendsetters: 3 NFTs = 2 x Gems boosted

• Digital Da Vincis: 10 NFTs = 2.5 x Gems Boosted

How to stake NFT

To participate in Staking NFTs at Ventory, please follow these steps:

Step 1: On the left-hand side of the Navigation Bar, select "Reward".

Step 2: Click "Stake NFT" to begin participating in staking and receive Gems rewards.

Reward mechanism for Staking NFT

Users can earn Boost points daily based on the number of NFTs staked, as follows:

• Staking 1 NFT: x1.5 Boost

• Staking 3 NFTs: x2 Boost

• Staking 10 NFTs: x2.5 Boost

Once users have staked enough NFTs to reach the required number of boosts, the points earned from quests on the Quest and Leaderboard tabs will be multiplied based on the boost number set by the system.

Additionally, when users stake NFTs, a vault will be created for them. The user's current gem balance will be used, and rewards will be divided daily based on the Annual Percentage Rate (APR).

The rewards will be added automatically to the user's pool, becoming their balance pool for the next day.

For example, if a user has 10,000 points and stakes an NFT with an APR of 10%, it will be considered as the user staking 10,000 points in a vault with a 10% APR. The user's daily reward will be

10,000 x 10% / 365 = 2.74 points

The next day, the formula will repeat, and the user's daily reward will be 10,002.74 x 10% / 365.

Step 3: Choose the NFTs you want to stake, then click the "Stake" button.

Please note that staking transactions may take 1-2 minutes due to possible delays in Starknet's RPC.

Step 4: After successfully staking, your staked NFTs will be displayed in the "Staked NFTs" section, and you will see an estimation of your daily reward in the "Estimated Today Reward" section.

How to unstake NFT

Note: The unstaking process will take up to 3 days from the time the unstake request is made.

Step 1: In the "Staked NFTs" section, select the NFTs you wish to unstake by clicking on them. If you want to unstake all NFTs, click the "Select All" box.

Step 2: Click on the "Unstake" button. The NFTs selected for unstaking will be displayed in the "Unstake Request" section, and a countdown will commence until the day they can be claimed to your wallet.