Staking
BabyShitzu proudly introduces its staking program with a 7% APY, marking a significant milestone as the first memeCoin on Cardano to offer such a feature.
Introduction
In our continuous effort to innovate and provide value to our community, BabyShitzu is proud to announce the launch of a staking program with a 7% annual percentage yield (APY). This is a significant milestone as it positions us as the first memeCoin on the Cardano network to offer staking in true Cardano style.
What is Staking?
Staking is a process that allows babyShitzu holders to earn rewards simply by keeping their tokens in a compatible wallet. Unlike other investment methods, staking in BabyShitzu does not require locking your tokens, which means you always have full access to them while earning rewards.
Program Details
7% APY: BabyShitzu holders can earn 7% annually on their holdings.
Weekly Distribution: Rewards are distributed weekly, allowing holders to see their benefits grow steadily.
No Token Lock-Up: Unlike other staking programs, there is no need to lock up your tokens. Simply hold your BabyShitzu in your Cardano wallet and watch your rewards grow.
Weekly Earnings Review: Every week, holders can review their earnings and decide whether to withdraw them to their wallet or leave them to continue growing.
Staking Rewards Funded: The staking rewards were funded with 5% of the total BabyShitzu tokens, filled by allocating 1% from the utility pool and 4% from the team's pool, leaving only 5% for the team.
Program Duration: The staking program will last for 1 full year starting June 13th, 2024.
Where to claim staked coins: https://babyshitzu.xyz/staking/
How It Works
To participate in the BabyShitzu staking program, simply follow these steps:
Hold Your Tokens: Ensure your BabyShitzu tokens are in a compatible Cardano wallet.
Receive Rewards: Each week, rewards will be calculated and distributed directly to you for grab them.
Retroactive Rewards: To celebrate the launch holders with coins before June 13th 2024 can claim two weeks of rewards retroactively, giving you an initial boost in your earnings (Sunday June 16th, 2024).
Benefits of Staking
Passive Income Generation: Earn an annual return without needing to transact or sell your tokens.
Flexibility and Accessibility: With BabyShitzu, you do not need to lock your tokens, providing you with the flexibility to use or move your tokens at any time.
Community Encouragement: This program is designed to reward our loyal holders and foster a strong, engaged community.
Conclusion
The launch of staking in BabyShitzu marks an important advancement in our roadmap and demonstrates our commitment to providing value and benefits to our community. We are excited to see how this program drives growth and engagement within our ecosystem. Stay tuned for more updates and details on how to maximize your rewards with BabyShitzu.
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