In this MapMetrics staking tutorial, we are going through the steps on how to mint and stake your MapMetrics NFTs.
Here you can find the NFT staking page: https://mapmetrics.org/staking-nfts/
By staking one of the MapMetrics staking NFTs you will receive an interest that you can claim on a daily basis. This way you can put your acquired or earned $MMAPS to work. There are three different levels of interest depending on your preferences. The following packages will come with different sets of rules.
- Earn 3% $MMAPS APR
- 25,000 $MMAPS are required to mint your NFT
- Minimum staking period of 2 months
- Earn 8% $MMAPS APR
- 75,000 $MMAPS are required to mint your NFT
- Minimum staking period of 4 months
- Earn 12% $MMAPS APR
- 150,000 $MMAPS are required to mint your NFT
- Minimum staking period of 6 months
If you prefer watching a tutorial on how to stake our NFTs you can watch the video below.
How to mint your NFT
To start minting you will need to go to the MapMetrics staking page.
You will be able to find this in the top right corner.
Scroll to the bottom of the page and select the Staking NFT package you like to mint.
When you’ve selected the package you can connect it to your wallet. After filling in your password you can go ahead and click on mint.
Here you can see the remaining NFTs available and the price for minting in $MMAPS.
After you have minted the NFT it will be placed inside your wallet.
If you don’t have a wallet yet, check out our blog posts on:
How to stake your NFT
You can go back to the MapMetrics staking page and select the staking site which is suitable for your selected NFT.
Example: When you’ve minted a Silver NFT, you have to go to the “silver stake” page as shown below.
When you have arrived at the staking page, connect your wallet again.
Now your NFT will be visible in the “Select Your Tokens” section.
Select your NFT, click on stake, and click on “approve”.
Your staking NFT will now be located in the “view Staked Tokens” section.
Now you will be able to see:
- Total Staked: the amount of Silver MapMetrics NFTs staked
- Rewards Rate: how many $MMAPS you’re earning a day
- Treasury Balance: how many $MMAPS are available to earn
When you want to redeem your earnings you’re able to do this on a daily basis. By clicking on the “claim” button you can transfer your earnings to your own wallet.
Note: your NFT will be locked for the period linked to the package. When this period has ended you will still be able to leave your NFT to receive your earnings. When you want to unstake your NFT you can simply select your NFT and click on the “unstake” button below.
A guide on how to redeem your NFT will follow.
If you have any questions about the above or the project, we recommend joining our Discord for 24/7 support, getting in touch with other community members, and receiving the latest updates.