Shiniki Battlefield Staking in Detail
Pre-ShinikiDAO Points
The Battlefield does not simply serve as a staking function. It is also a Proof of Dedication platform which serves as an early version of the Shiniki Decentralized Autonomous Organization (ShinikiDAO).
When Shiniki NFT holders stake their NFTs, they will earn points. These battlefield points currently serve as a representation of users' share of season rewards. In the future, this will also represent their voting and representative power in ShinikiDAO.
Shiniki Staking is Soft Staking
Our Dispatching system functions as a Soft Staking platform, which means that:
✅ Users can still hold/own their NFTs despite having sent their Shiniki NFTs to a Smart Contract
✅ Users can still transfer their Shiniki NFTs to many wallets but can not list them on secondary marketplaces
✅ Users can unstake at any time without a vesting period
At the time when we distribute Dispatching Rewards for Shiniki Warriors, the System will perform the Snapshot action and calculate accurately the rewards users have earned based on their staking time.
Staking Points - Dispatching Points
We will calculate the points based on the Days an NFT is staked; meaning that the longer you stake, the more points you will receive.
There will be 4 milestones which are 3 days, 14 days, 28 days and 56 days. Along with each you will earn an equivalent rank in terms of Medal
For now, we are keeping the Points and Dispatched days development rate of both divisions Demons and Angels to be the same;
However, after (for instance) 1 or 2 seasons, there will be differences in how the points (including Point and Dispatched days) of Demon or Angel are calculated.
Check more about the [Point system] in the Criteria table below
Use this link to calculate your earnable points:
https://bit.ly/3e5HMxf
Staking Rewards
Total Rewards = 50% Royalty fee from Shiniki NFTs (ETH) + 50% Trading fee on Shiniki Marketplace (ETH) + Other rewards (TBA)
Shiniki holders can check current statistics and the total amount of rewards here from the Dashboard tab.
Some important notes:
Shiniki stakers can only claim Reward after the System takes the Snapshot and calculates reward.
The Snapshot will happen as soon as the Season ends.
Each Season will last for 2 weeks, starting when the Battlefield site is launched.
How are Points calculated?
1. Point of individual NFT (pNFT)
pNFT = [Dispatching Points] * [Rarity Multiplier]
✅Rarity Multiplier for 1/1 NFTs: 20
✅Rarity Multiplier for Rare Trait Included NFTs: 5 (If your NFT has more than 1 Rare Trait, the multiplier will still be 5)
Check for Rare NFTs here
✅Rarity Multiplier for Common NFTs: 1
*These rarity multipliers are subject to change according to the community's vote in the future.
2. Total Point of your Wallet (pW)
pW = Sum of all pNFT
3. Total Point of Shiniki Battlefield Staking Pool (pS)
pS = Sum of all pW
4. Your Claimable Staking Rewards
Your Claimable Staking Rewards = [pW/pS] * Total Pool Rewards of the Season
Example:
You are staking 1 [1/1 NFTs], 5 [Rare Traits Included NFTs], 10 [Common NFTs]. You staked them all at the same time. It is now 57 days since the day you staked your NFTs. All of your NFTs have reached Platinum Rank, and each is entitled to 300 Dispatching Points according to its Staked Period.
At the time of the Snapshot:
Points of your 1 1/1 NFTs = 1 * [300 * 20] = 6,000
Points of your 5 Rare Traits Included NFTs = 5 * [300 * 5] = 7,500
Points of your 10 Common NFTs = 10 * 300 = 3,000
Total Point of your Wallet (pW) = 6,000 + 7,500 + 3,000 = 16,500
Suppose the Total Point of the Pool (pS) is 100,000
Suppose this Season, Shiniki Ecosystem earns 2ETH, thus 1ETH is set aside as Reward for Stakers.
Your Claimable Staking Rewards at the End of the Season
= (16,500/100,000) * 1 ETH = 0.165 ETH
>>>> You can claim 0.165 ETH at the end of the Season <<<<
You can read more and calculate directly your projected share of the reward from this table: https://bit.ly/3e5HMxf
When can you claim your rewards?
Each Season will last for 14 days, starting from when we start opening the Dispatching Battlefield. Duration of a Season can be changed following the progress of the storyline. Watch and see which side is gonna win 👿
For the first 14 days, user will be unable to claim, until it’s Snapshot time (which happens after exactly 14 days after staking is launched). Claimable rewards will be updated in real-time and you can track your claimable amount right on the main interface. However, you can only claim your reward after the Snapshot of each Season is taken.
In the Staking leaderboard, top units ranking according to its Dispatching Points will be displayed.
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