As the Creator’s business model which was revealed last month, we are on the way to fulfill our promise to our beloved community!
Creator is going to launch its Staking function at the beginning of November! Time to count down now! Users will be able to stake CTR with just a few simple clicks and earn yield in return.
What is Staking?
Staking is simply understood as locking cryptocurrencies to receive rewards. In many cases users can accumulate their tokens directly from e-wallets. In Creator, staking rewards will be in the form of tokens.
At an early stage, we support users in 2 Main Networks including BSC and Ethereum.
If you’re owning CTR token in your wallet, there are 03 staking options for you:
- No lock-up pool: you can stake and unstake any moment you want. This pool allows you to earn a fixed APR of 3–5% of the initial fund you stake.
- 90-day locked pool: Once staking starts, you can only unstake after 90 days. This pool allows you to earn a fixed APR of 14%.
- 180-day locked pool: Similar to 90-day locked pool. Once staking starts, you can only unstake after 180 days. However, this option would bring you the highest yield of 28%.
All staking rewards would be emitted by blocks and you can claim them right away and you purely earn CTR tokens as a reward.
Total allocation reward is 3,000,000 CTR, when it hits the allocation reward, all pools will be locked, hence no one can stake. However, people who have already staked CTR tokens still can unstake and claim tokens.
Join time: when you choose the 90-day locked pool or 180-day locked pool, the time of unstake will be calculated based on the last time you stake.
For example: You stake 1,000 CTR on 90-day locked pool at Nov 1, 2021, then you continue to stake 500 CTR on Nov 15, 2021, so the staking time will restart from Nov 15, 2021.
How to stake CTR?
We provide staking pools for all users to stake CTR, and users will stake CTR tokens to earn more CTR tokens. The more CTR token you stake and the longer time you spend, the more income you can get.
As a recent statement, Creator is developing and expanding our ecosystem including some main services: Smart Contract Marketplace (No Code Smart Contract), Low Code DApp, Launchpad, NFT and other DeFi services. The pitching point is: all the fees collected from different services will market buy CTR then go to the DAO. By default, 70% of the fee will be given out to CTR holders as staking rewards.
Where to stake CTR?
Users can stake at [STAKE] section of Creator website. Currently, Creator is completing the final stages to put the feature into use in the first week of November. Stay tuned in our official channel to get the latest update about Creator Staking.
What is Creator?
Creator is a Blockchain as a Service (BaaS) platform that provides No Code Smart Contract, Low Code DApp and other services to empower the DeFi and NFT World. Creator’s Blockchain features shall broaden the gate for every game studio and developer to enter the gamified NFT and Blockchain industry.
Creator has an incredibly friendly UI and multiple enhanced background services. Hence, with or without IT/ Blockchain skills, by filling out some initial information and a few clicks, anyone can simply go live a Smart Contract or DApp.
Creator’s chain is based on the Polkadot/Substrate for true interoperability, user-driven network governance and customizations that focus on Defi, NFT and other services.
If you have any question about Creator Staking, contact us via this Email address: email@example.com
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