The developers of crypto metaverse Bloktopia have announced that they have now enabled the ability to claim the $BLOKN reward token.

Utility

The $BLOKN reward token was announced in July 2023 as a new sub-token that users would be rewarded with when participating in certain staking pools. With the new Land Sale portal now live, the team has now unlocked the option to claim $BLOKN rewards.

This is a non-tradable unique reward token that differs from the core $BLOK token. The main utility of $BLOKN is to provide a different option for buying Bloktopia NFTs: REBLOK and ADBLOK. If you want to purchase one of these NFTs but don’t have enough in $BLOKN, then that’s not a problem, as purchases don’t have to be made in one token, as you have the option to combine both $BLOK and $BLOKN together to buy an NFT. By allowing these partial payments, the team is making access to these assets more accessible while giving users more room for differing “diverse preferences and staking capabilities.”

Next to buying these 2 NFTs, another important feature of this reward token is that it acts as a burning mechanism that lowers to the total $BLOK supply. This means that when you’re using $BLOKN to buy an NFT, the developers will burn a certain amount of $BLOK from the Treasury Wallet depending on how many $BLOKN were used to make the purchase.

Who Can Claim?

There are two staking pools from which users can claim $BLOKN this month: Staking Pool 23 and Staking Pool 24.

Staking Pool 23 should be unlocked by the time you read this, unlocking 200 million $BLOKN for claiming, while Staking Pool 24 will unlock with 132 million $BLOKN on February 27th. If you staked in one of these pools, you will be able to get back your staked $BLOK tokens and get $BLOKN rewards in the process.

If you haven’t staked in these pools, then you might want to look forward to next week, when the developers plan to launch new staking pools.