Metaplace <> Chainlist Will Work Together on Staking Platform!!
Staking pools are coming on metaplace.finance
We are pleased to announce bilateral partnership between metaplace and chainlist, both parties are committed to share their expertise and technology transfer, that enables seamless and flexible staking for metaplace community and metaverse utility for chainlist community.
Earlier this month, the Metaplace administration hinted towards a possible partnership for the addition of new features on the platform. Finally, the wait is over, at the end of last week, the Metaplace administration made the big reveal. The staking feature that all community members were looking forward to is finally here.
Like all other projects available on DeFi space, Metaplace, too, is motivated to provide best income generating solutions for its community members. Since staking was a much demanded feature as a result of the poll conducted on the platform, the administration took it upon itself to provide it.
Metaplace has partnered with Chainlist.finance to enable staking on its platform. Chainlist.finance is a NFTs marketplace with staking utility on Binance smart chain, that connects social media networking sites with DeFi. This marketplace enables converting original digital content into NFTs using BEP-20 token standards. This partnered project will be our first official partner on BSC.
Metaplace has the aim to consistently upgrade itself with desirable features. First, it introduced as a decentralized online marketplace on Binance smart chain blockchain. In a decentralized online marketplace, technology replaces the traditional drivers of the market. The structures responsible for matching buyers and sellers, seamless transactions, and an institutional infrastructure is replaced by blockchain technology. Metaplace uses this technology to build an all in one decentralized token driven e-marketplace with additional features.
While Metaplce believes in constant upgradation of its features, its partnership with Chainlist.finance has enabled it to acquire the most requested feature on its platform for passive income generation. Let’s look into what Staking is really.
Two years ago, a new consensus mechanism called Proof of Stake was introduced. This gave rise to the idea of increasing speed and efficiency while lowering prices. One of the most important ways to reduce costs is that not all of these miners tackle math problems, which are energy-intensive processes. Instead, the transaction is literally validated by people betting on the blockchain. In a process called staking.
Staking is a process similar to mining, essentially allowing network participants to add new batches of transactions to the blockchain. Aside from some basic changes that vary from project to project, the core procedure for most crypto projects is to place tokens to allow you to add new blocks to your blockchain in exchange for rewards. Metaplace provides users with multiple pools of liquidity for betting tokens. Each pool has a different duration and generous APY specificity.
These staking pools will offer at max an APY of 500%. Users will also don’t need to pay any tax fee on their staked MPC tokens. Besides, no time frame will be set for the minimum withdrawal limit, users will be able to withdraw whenever they like. Staking pools at Metaplace will be live right after the launch of the project in the first quarter.
Staking Pools overview
Stake $MPC-$MPC Pool
In this staking pool, audiences can convert their digital currency first into BNB and then use BNB to buy Metaplace native tokens. Users can then stake these tokens in return for a predetermined percentage of APY inform of $MPC tokens.
Stake $MPC-$CLIST Pool
Buy Metaplace native tokens. Users can then stake these $MPC tokens in return for a predetermined percentage of APY inform of $CLIST tokens.
- You can stake your $MPC at any time you choose. You can stake any amount of $MPC you wish;
- Once staked, the contract will deliver a reward continuously for as long as tokens remain staked;
- You can withdraw any amount of staked $MPC tokens without any locking period.
- You are free to stake additional amounts at any time;
Staking platform is ready to go live after presale ends, please visit: https://staking.metaplace.finance
Now Metaplace users will be able to earn through staking aside from benefiting through a huge marketplace. On the other hand, Chainlist.finance offers cross chain interoperability Users on their platform are able to stake against any cryptocurrency, whilst creating their own staking pools. This additional feature will benefit the Metaplace community to learn and earn through multi chain staking.
Chainlist.finance is a one-stop marketplace for social media users to monetize their personal content that includes images, GIF, videos and music. Users can turn their viral content into NFTs and sell for fortune including the 5% royalty on each trade. Chain List NFT bridge users will be able to access multiple blockchains through cross chain interoperability feature. In addition, users will be able to make transactions on different blockchains with a single wallet through Chainlist NFT bridge.
This will be a dynamic list of the most requested questions around staking.
Is there any time limit to unlock staking tokens or reward?
No you can unlock tokens/rewared at any time.
Tax Fee on withdrawal of reward tokens?
Standard fee applicable only, we will not charge additional tax fee.
Where I can get MPC tokens ?
You can participate in presale on pinksale @ 21st Nov for more detail visit our official website.
When will staking platform launch?
The platform will be available to stake MPC tokens after market initialization of MPC over Pancakeswap OR 22nd Dec, 2021 6pm UTC.