Polkazeck: Staking Details
First, we would like to thank the community for the continuous support and we are thrilled to announce that STAKING is now live.
The volatility of the crypto market tends to worry investors and staking is a great way to achieve some Return on Investment (ROI)).
Staking is, simply put, locking away your tokens are receiving rewards for helping the network. It is basically a less intensive, and less expensive way of mining.
The below will help you get started!!
Getting started
So first thing is first, you must own some Polkazeck (PZK). The minimum amount required to stake is 10,000 ZCK.
We encourage all to participate in staking, however the maximum to stake is 500,000. This is to help every single community member get involved as we appreciate every single one of you for your support.
The Rewards
20% of the funds raised from the pre sale were allocated for staking. The team has decided to launch with payouts received with ETH and later add more crypto assets. The good news is there is no penalty upon withdrawal however the longer you stake, the better.
Daily Rewards
For people looking to stake short term (1–7 days), will receive a reward based on 0.15%
For example, staking 100,000 ZCK will get you 150 ZCK, paid in WETH.
Weekly Rewards
For people looking to stake medium term (7 days+), will receive a reward based on 1.5%
For example, staking 100,000 ZCK will get you 1500 ZCK, paid in WETH.
Monthly Income
For people looking to stake long term (30+ days), will receive a reward based on 4.5% per month
For example, staking 100,000 ZCK will get you 4500 ZCK, paid in WETH.
Yearly APY
A yearly APY of 54.75 ensures a sustainable amount of rewards is paid out to investors. This ensures the long-term vision is protected whilst still rewarding our loyal investors.
Frequently Asked Questions
Here are answers to some of the questions you may have about the Polkazeck Token (ZCK) staking:
1. Is the Burn Mechanism Included?
Yes, the 2% burn are functional on the staking platform!
2. Can I Unstake Anytime?
Yes, you are free to unstake your Polkazeck Token (ZCK) anytime you want.
3. How Can I Withdraw My Earnings?
Whenever you want to withdraw your staked Polkazeck Token (ZCK), the contract will use the current rate of the token on Uniswap to give you the equivalent in WETH or reward you choose.
Again, the team appreciates each and everyone of you for your continuous support. We look forward to a long and successful journey for you all and cannot wait to show off what we have in store next. Happy Staking.
Subscribe to our channels
Stake: https://polkazeck.io/staking
Website: https://polkazeck.io
Audit Report: https://solidity.finance/audits/Polkazeck
Whitepaper: https://polkazeck.io/Whitepaper_Polkazeck_v.1.pdf
Telegram: https://t.me/polkazeck
Twitter: https://twitter.com/polkazeck
Github: https://github.com/polkazeck
