⚠️PLEASE READ THIS⚠️
We are excited to announce that we are preparing to launch a new version of Staking V3 on August 24th. This is really an important turning point, and we look forward to providing you with better experiences, better opportunities, and faster reward accumulation. Let’s learn about the important points in this update:
1. Claim Your Rewards:
With the V3 Staking update, we introduced an important change regarding the number of staking months. To make sure you don’t miss any rewards, please remember to claim the rewards you staked before 8 AM UTC on August 24th. After this time, we will not be responsible for any rewards you may lose. Let us help you enjoy the best benefits of staking.
Old Staking Program(V2) Closure:
We are pleased to announce that the staking program (V2) will officially end after 8 AM UTC on August 24. This is an important step in upgrading our system to bring back a better experience and better investment opportunities for you.
Procedure “Unstaking”:
If you are participating in the V2 staking program and have assets being staked, we urge you to proceed with the “Unstaking” process after the above time. This ensures that you will get your assets back safely and reliably. Please ensure that you have completed the “Unstaking” process before the deadline mentioned above.
After you have successfully “Unstaking” assets, you will have the opportunity to transfer them to our new staking program. The new program will bring ever more exciting innovations and features, helping you to maximize your investment opportunities and show off your trading abilities.
❗️❗️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 tokens or profits after 8 AM UTC on August 24th.
We believe that our new staking programs will offer new perks and features for $Fara holders.
2. Updating Staking Mechanism:
- New Rewards for players with Flexible, 1 Month, 2 Months, 3 Months, 4 Months, 5 Months, 6 Months
- 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 0 -6 MONTHS OF STAKING OPTIONS
Now players will have multiple choices for asset locking in order to receive rewards, especially if players choose to lock their assets for 6 months, they will receive additional rewards.
We have made adjustments to the reward packages for the 6-month lock staking plans.
◾️Previous Reward: One item ticket per month.
◾️New Reward: Knight Token, Royal Token
In this new staking program, participants will receive rewards immediately after staking their assets for either the 6-month lock period
📑Rewards requirements:
▶️ FLEXIBLE
0% reward bonus – get EXP and FARA
▶️ 1 MONTH
5% reward bonus – get EXP and FARA
▶️ 2 MONTHS
10% reward bonus – get EXP and FARA
▶️ 3 MONTHS
15% reward bonus – get EXP and FARA
▶️ 4 MONTHS
20% reward bonus – get EXP and FARA
▶️ 5 MONTHS
25% reward bonus – get EXP and FARA
▶️ 6 MONTHS :
30% reward bonus, get EXP and FARA + will guarantee to get a ticket as below
◾️ 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-BNB ➜ 2 Knight Token
14+ FARA-BNB ➜ 4 Knight Tokens
40+ FARA-BNB ➜ 8 Knight Tokens
60+ FARA-BNB ➜ 15 Knight Tokens
100+ FARA-BNB➜ 28 Knight Tokens
160+ FARA-BNB ➜ 45 Knight Tokens
200+ FARA-BNB ➜ 2 Royal Token
400+ FARA-BNB ➜ 6 Royal Tokens
600+ FARA-BNB ➜ 10 Royal Tokens
800+ FARA-BNB ➜ 14 Royal Tokens
1,000+ FARA-BNB ➜ 18 Royal Tokens
1,200+ FARA-BNB ➜ 23 Royal Tokens
1,400+ FARA-BNB ➜ 28 Royal Tokens
1,600+ FARA-BNB ➜ 32 Royal Tokens
1,800+ FARA-BNB ➜ 38 Royal Tokens
2000+ FARA-BNB ➜ 45 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:
When you stake a hero, whether it’s your own or someone else’s, you will collect a certain amount of EXP. This EXP will be transferred to your Wallet (which will display the total amount of EXP – as shown in the image). You can use the amount of EXP as follows:
- Convert it into EXP JAR (20,000 EXP = 1 EXP JAR)
- Distribute your hero in order to level up.
- If you don’t use it for any activities, the EXP will still remain in your Wallet.
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
3. Black Market
We are extremely excited to announce the launch of Black Market – a special marketplace just for you, where you can confidently trade precious Tickets like Knight Token and Royal Token once your Staking is completed. These tickets can be converted into our ‘Magical Chest’, where we provide exclusive items with limited supply, divided into categories such as Mythical Crafting Items, Legendary Crafting Items, Legendary Materials, Epic- Crafting Items, and Rare-Crafting Items,..
We hope that you are ready for the promising new Staking V3 update!
Thank you for your unwavering support!
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