2.3.1 STAKING REWARDS, PEARL POINTS AND TIER SYSTEM
Last updated
Last updated
The Point system is a method of calculating the impact a user’s stake has on their participation.
Points within the tier system act as a mechanism to track the degree of a user’s commitment/reputation within the SnailBrook ecosystem and attribute accurate amplification weights to the staking user’s allocation rights.
In an attempt to retain maximal simplicity and efficiency, points are calculated by taking the number of tokens staked and multiplying them by the stake pool multiplier.
Total $SNAIL tokens staked * the pool multiplier = Pearl Points
1,000 staked $SNAIL = 1 Pearl point
If a user stakes 1,000,000 $SNAIL into a 30-day pool, they have 100 Pearl points.
If a user stakes 1,000,000 $SNAIL into a 45-day pool, they have 120 Pearl points.
If a user stakes 1,000,000 $SNAIL into a 90-day pool, they have 130 Pearl points.
If a user stakes 1,000,000 $SNAIL into a 180-day pool, they have 150 Pearl points.
If a user stakes 1,000,000 $SNAIL into a 365-day pool, they have 200 Pearl points.
If a user stakes 1,000,000 $SNAIL into a 500-day pool, they have 250 Pearl points.
If a user stakes 1,000,000 $SNAIL into a 650-day pool, they have 300 Pearl points.
The team has offered 2.47% of the SNAIL supply to loyal stakers, bringing utility directly to SNAIL.
We will offer 2.47% (2,000,000,000 SNAIL tokens) of the supply spread across 7 different pools (30 days, 45 days, 90 days, 180 days, 365 days, 500 days, 650 days) for 2 years.
The longer you lock, the higher the APY should be. The APY should dynamically change depending on tokens staked in the pool. If more tokens are staked = APY decreases.
The Pearl Point Multiplier is intended to reward loyal stakers. The multiplier will increase the Pearl Points earned, effectively increasing your pool weight score, and giving you a higher allocation in the launchpad projects.
→ 1X for 30 day lock
→ 1.2X for 45 day lock
→ 1.3X for 90 day lock
→ 1.5X for 180 day lock
→ 2X for 365 day lock
→ 2.5X for 500 day lock (This pool gives access to GameFi farms)
→ 3X for 650 day lock (This pool gives access to GameFi farms)
Only people who have staked on 500-day lock and 650-day lock will earn the allocated supply for farming. The tokens will be split across these stakers. Only these people will be able to farm for 30 days of the farming phase. We allocate 1% of the supply here, and these tokens will be vested for 12 months.
When you finish the farm, you see the total amount farmed, and it will be divided into 12 months of vesting (you’ll be able to claim 1/12 each month).
The tier system categorizes stakers into four levels: Bronze, Silver, Gold, and Diamond, based on their accumulated Pearl Points.
Each tier comes with a specific Pool Weight & Allocation Multiplier, enhancing the member's project allocation proportionally to their tier level.
The system is designed to be dynamic, allowing adjustments based on the SNAIL token's price, ensuring accessibility across different market conditions.
