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NEW STAKING(V3)

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⚠️⚠️⚠️PLEASE READ THIS⚠️⚠️⚠️

As we approach the launch of our new staking program “STAKING V3”, we have some essential information to share with you. Please take note of the following important points before the commencement of STAKING V3 on August 24th:

  1. Claim Your Rewards:
    We are delighted to inform you that you can now proceed with the “Claim Reward” process for your current staking activities.
  2. Old Staking Program(V2) Closure:
    After 8 AM UTC August 24th, the old staking program (V2) will be officially closed. All participants currently staking are kindly requested to proceed with the “Unstaking” process after this time. Once you have successfully unstaked all of your assets, you can migrate it to our new staking program.

❗️❗️Important Note:
– Make sure to claim your earnings before 8 AM UTC on August 24th . (After the old staking is closed, you will no longer be able to claim the rewards.)
– The Old staking program will stop generating any token or profit after 8 AM UTC on August 24th.

We believe that our new staking programs will offer new perks and features for $Fara holders

📌KEYWORDS: Updating Staking Mechanism:

  • New Rewards for Players with 6-Month and 1-Year Staking options
  • New EXP Mechanism

🔷FARALAND’S STAKING OPTIONS
There are a few staking options with different lock periods and rewards. Users can choose to either stake $FARA or stake $FARA-$BNB LP.

🔷NEW REWARDS FOR PLAYERS WITH 6-MONTHS AND 1-YEAR STAKING OPTIONS

Players who choose to lock their assets for 6 months or 1 year will now receive new rewards.

We have made adjustments to the reward packages for the 6-month and 12-month lock staking plans.

◾️Previous Reward: One item ticket per month.

◾️New Reward: Knight Token, Royal Token (can be used to exchange items in the Black Market – coming soon).

In this new staking program, participants will receive rewards immediately after staking their assets for either the 6-month or 1-year lock period

📑Rewards requirements:

6 MONTHS :

◾️ For the single staking ($FARA):

5,000+ FARA ➜ 1 Knight Token
7,000+ FARA ➜ 2 Knight Tokens
20,000+ FARA ➜ 6 Knight Tokens
30,000+ FARA ➜ 10 Knight Tokens
50,000+ FARA➜ 18 Knight Tokens
80,000+ FARA ➜ 30 Knight Tokens
100,000+ FARA ➜ 1 Royal Token
200,000+ FARA ➜ 3 Royal Tokens
300,000+ FARA ➜ 5 Royal Tokens
400,000+ FARA ➜ 7 Royal Tokens
500,000+ FARA ➜ 9 Royal Tokens
600,000+ FARA ➜ 11 Royal Tokens
700,000+ FARA ➜ 13 Royal Tokens
800,000+ FARA ➜ 15 Royal Tokens
900,000+ FARA ➜ 17 Royal Tokens
1,000,000+ FARA ➜ 20 Royal Tokens

◾️ For the liquidity pool staking ( $FARA – $BNB LP)

10+ FARA ➜ 1 Knight Token
14+ FARA ➜ 2 Knight Tokens
40+ FARA ➜ 6 Knight Tokens
60+ FARA ➜ 10 Knight Tokens
100+ FARA➜ 18 Knight Tokens
160+ FARA ➜ 30 Knight Tokens
200+ FARA ➜ 1 Royal Token
400+ FARA ➜ 3 Royal Tokens
600+ FARA ➜ 5 Royal Tokens
800+ FARA ➜ 7 Royal Tokens
1,000+ FARA ➜ 9 Royal Tokens
1,200+ FARA ➜ 11 Royal Tokens
1,400+ FARA ➜ 13 Royal Tokens
1,600+ FARA ➜ 15 Royal Tokens
1,800+ FARA ➜ 17 Royal Tokens
2000+ FARA ➜ 20 Royal Tokens

12 MONTHS

◾️For the single staking ($FARA):

5,000+ FARA ➜ 2 Knight Tokens
7,000+ FARA ➜ 4 Knight Tokens
20,000+ FARA ➜ 12 Knight Tokens
30,000+ FARA ➜ 20 Knight Tokens
50,000+ FARA➜ 36 Knight Tokens
80,000+ FARA ➜ 60 Knight Tokens
100,000+ FARA ➜ 2 Royal Tokens
200,000+ FARA ➜ 6 Royal Tokens
300,000+ FARA ➜ 10 Royal Tokens
400,000+ FARA ➜ 14 Royal Tokens
500,000+ FARA ➜ 18 Royal Tokens
600,000+ FARA ➜ 22 Royal Tokens
700,000+ FARA ➜ 26 Royal Tokens
800,000+ FARA ➜ 30 Royal Tokens
900,000+ FARA ➜ 34 Royal Tokens
1,000,000+ FARA ➜ 40 Royal Tokens

◾️For the liquidity pool staking ( $FARA – $BNB LP)

10+ FARA ➜ 2 Knight Tokens
14+ FARA ➜ 4 Knight Tokens
40+ FARA ➜ 12 Knight Tokens
60+ FARA ➜ 20 Knight Tokens
100+ FARA➜ 36 Knight Tokens
160+ FARA ➜ 60 Knight Tokens
200+ FARA ➜ 2 Royal Tokens
400+ FARA ➜ 6 Royal Tokens
600+ FARA ➜ 10 Royal Tokens
800+ FARA ➜ 14 Royal Tokens
1,000+ FARA ➜ 18 Royal Tokens
1,200+ FARA ➜ 22 Royal Tokens
1,400+ FARA ➜ 26 Royal Tokens
1,600+ FARA ➜ 30 Royal Tokens
1,800+ FARA ➜ 34 Royal Tokens
2000+ FARA ➜ 40 Royal Tokens

🔷 NEW EXP MECHANISM
In the new EXP mechanism, we continue to calculate hero EXP points using the familiar formulas:

◾️Hero EXP from $FARA staking:
Hero EXP = (Staking balance * Staked time per second) / 10^5
◾️Hero EXP from $FARA – $BNB LP staking:
Hero EXP = (Staking balance * Staked time per second) / (10^5 * 300)

However, we have added more versatility and player control to the staking process. In the previous mechanism, earned EXP points were automatically allocated to the hero’s EXP Level. But now, staking participants can opt to withdraw a portion of their earned EXP and convert it into EXP JAR.

You can trade EXP Jar with others on the marketplace (after claiming). For every 20,000 EXP accumulated, they can exchange it for 1 EXP JAR.

❗️❗️NOTE:
◾️ If you choose not to claim EXP, it will be added to the total EXP points that contribute to leveling up the hero. (You can still claim it later when you need it.)
(For instance, suppose you currently have 50,000 EXP. When you claim 2 EXP JAR -40,000, the remaining 10,000 will be automatically transferred to the Total EXP points reserved for leveling up the hero you are staking)
◾️ If you are staking on a hero that you do not own. For the remaining EXP, you can either choose to withdraw it to yourself when it reaches to 20,000 or leave it there for the hero (owner)

With this enhancement, players have more flexibility in managing their hero’s experience points, allowing them to make strategic decisions in optimizing their staking rewards and hero progression

**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.