Staking FAQ
Last updated
Last updated
The pNFT Staking feature offers users the opportunity to earn rewards by staking our OpenCampus Publisher NFTs (pNFTs). By participating in our staking program, users can contribute to the underlying contents' growth and receive $EDU Tokens in the process. This guide will walk you through the process of staking, claiming rewards, and optimizing your experience on the platform.
Have pNFTs in your wallet: Make sure you have the correct wallet (with the necessary pNFTs) connected to the staking dashboard.
Genesis NFTs: Genesis NFTs are essential for maximizing rewards. Ensure you have the required number of Genesis NFTs (gNFTs) in the same wallet address as your pNFTs.
Gas Fees: Since pNFTs and gNFTs are on MATIC and BSC respectively, you must have sufficient MATIC and BNB for gas fees.
| Tier | Silver Notebook | Golden Backpack |
|---|---|---|
Legendary | 1 | 1 |
Epic | 0 | 1 |
Rare | 2 | 0 |
Uncommon | 1 | 0 |
Product Demo: https://www.loom.com/share/33d88ff004fa4668809887250af09cb9
Once you are on BSC, simply enter how many Genesis NFTs you want to pair with each pNFTs.
Click the Stake Genesis button and confirm the transaction on your wallet. Once the transaction is confirmed, you will now begin to accumulate staking reward every block.
Rewards: Your reward accumulates per block, and is distributed weekly. Once it is distributed, it can then be claimed. Simply go to My Active Stakes tab, and click Claim Rewards to collect $EDU that have been distributed. Please note that KYC must be completed and passed before rewards can be claimed. Your KYC status does not affect reward accumulation.
What is pNFT Staking?
pNFT Staking allows users to stake their publisher NFTs (pNFTs) to earn rewards in $EDU Tokens. By staking NFTs, users contributes to the co-marketing efforts and receive additional $EDU in return.
Do I need both pNFTs and Genesis NFTs to earn rewards?
Yes, to maximize rewards, users need to stake both pNFTs on Polygon and Genesis NFTs on Binance Smart Chain (BSC). You can find the requirements in the above sections.
Can I substitute a higher value gNFT to activate staking? (i.e. can I stake a Golden Backpack to substitute for a Silver Notebook staking requirement?)
Yes. A golden backpack is equivalent to 4 Silver Notebook, vice versa.
What token will be used to distribute pNFT rewards?
$EDU, as our native token and the key to the future of education access via blockchain, all staking rewards will be distributed in $EDU.
Is KYC required to claim rewards?
Yes, KYC (Know Your Customer) verification is mandatory to claim rewards on our platform. This process ensures compliance with regulations and prevents fraudulent activities.
Can I unstake NFTs anytime without penalties?
Users can unstake their NFTs at any time, but unstaking would cease all reward accumulations. It's recommended to double check your pending reward before unstaking.
What happens if I want to sell my staked NFT?
If you want to sell your Publisher NFTs or Genesis NFTs on any marketplace, you must first unstake from the platform before it can be listed.
How frequently can I claim rewards?
While reward is accumulated per block, reward distribution is done once a week for security and gas fee optimisation reasons. You can typically claim your reward from the previous week at the start of each week.
Are rewards automatically transferred to my wallet?
Rewards are automatically accumulating once the required pNFTs + gNFTs are staked, but you must claim the token manually to have it transferred to your wallet for your own purposes.
Can I stake multiple NFTs simultaneously?
Yes, users can stake multiple NFTs simultaneously. Please ensure you have the required Genesis NFTs to be staked with your pNFTs for maximum rewards.
Are there fees for staking or reward claims?
There are no fees other than gas fees for your transactions.
Genesis NFT Staking: Once the pNFTs is staked, switch to BSC network in your wallet.
