This is the final official announcement to replace the previous announcement published on August 18th, 2021.
After the announcement of changing staking rewards on August 18th, 2021, Faraland team received a lot of feedback from users.
Faraland sincerely thanks the constructive comments of genuine users who always give their best support for the project’s development.
After careful consideration and discussion, the Faraland team decided to adjust the staking rewards, details are as follow:
From September 1st, 2021 onwards, there will be only ONE staking option, which is the Flexible Package with 5% APR rate.
The existing staking options will remain the APR of 30%-15%-5% until the end of February 2022. That means, users who have staked before 00:00 UTC September 1, 2021 will NOT have their APR adjusted as previously announced.
Users who start staking from 00:00 UTC September 1, 2021 to 23:59 UTC February 28, 2022 will only enjoy a maximum APR of 5%.
From March 1st, 2022, Faraland will officially remove the Flexible staking package with 5% APR rate. This is to help users focus only on the game and the “Play to Earn” mechanism.
Yet, users can still stake to increase the hero’s level and receive a small APR, which will be announced in February 2022.
This is the final official announcement to replace the previous announcement published on August 18th, 2021.
Once again, Faraland team would like to emphasize that Faraland focuses on the “play to earn” mechanism.
Throughout the development process, changes are inevitable. However, Faraland’s vision of being the biggest game on the blockchain will never change. Faraland always puts the user experience first when developing products and we also value our community. Hope these changes still keep your love for Faraland.
Thanks & Regards.
Join Faraland
**Disclaimer: Digital asset prices are subject to high market risk and price volatility. $FARA token and NFT are designed solely for use within our on-chain gaming ecosystem and is intended exclusively for participation in gameplay experiences. They are not, and should not be considered as, an investment vehicle, security, financial instrument, or speculative asset. Holders should have no expectation of profit, return on investment, or appreciation in value from the purchase, holding, or use of this token and NFT.
blog.faraland.io 