Update #1 - September 2022 The PXL Staking Programme has ended as planned, on August 30th 2022.
57,769,840 DING were released into circulation via this programme.
75,000,000 $DING will be put into circulation via the Genesis PXLZ & metaPXLZ staking program as follows:
Genesis PXLZ can accrue from 4,985 $DING up to 10,000 $DING / PXL staked whilst metaPXLZ can get from 997 $DING up to 2,000 $DING / metaPXL staked.
Items from both collections will see varying rewards based on each staked token’s rarity.
There is no lock-up period on staking and as such, holders can stake or unstake whenever they wish to.
A penalty applies to those who harvest earlier than the 90 day fixed staking term: 25% of the total accrued $DING / unstaked PXL if unstaking takes place before 60 days of the staking program have passed and 20% between 60 and 90 days.
Reward calculation formula (result will be rounded upwards):
BR: Base Rarity
NoAR: Number of Attributes Rarity
AR: Attribute Rarity
NoA: Number of Attributes
ST = 10,000 for PXLZ & 2,000 for metaPXLZ
*Rarity is the probability of a given trait. For example the Dead base probability is this:
0-attribute, 8-attribute & Legendary PXLZ/metaPXLZ are an exception and will receive 10,000 $DING / 2,000 $DING respectively for a full staking term.