Gamers are in for a treat as Mirai Labs is planning a stake-to-mint event for Petopia. The event kicks off at 3 am UTC on January 16th. Players can stake PGX, earn points, and get a chance to secure a guaranteed spot in the Petopia NFT hero sale. Here's how it works:  

Earn Points for NFTs

There are two ways to accumulate points: Stake PGX tokens and referrals. 

  • Staking Points: For every PGX token staked, one point is earned.
  • Referral Points: Points are also earned by referring others to the campaign.

Bonus Points and APR Rewards

  • No Lock: No extra points are given. 
  • Lock for 4 months: Stakers get an 8% bonus in points. 
  • Lock for 8 months: A 20% point bonus is given.
  • Lock for 12 months: An impressive 50% point bonus. 

Locking tokens also yields PGX returns:

  • Lock for 4 months: 8% APR.
  • Lock for 8 months: 20% APR.
  • Lock for 12 months: A whopping 50% APR.

Additional Benefits with Mirai Chain

Staking on the Mirai Chain brings an extra 20% bonus. APR yield is granted at the end of the lock period.

The Referral System

For every 10,000 PGX staked via referrals, 1,000 points are awarded, with added bonuses for locked stakes:

  • Locked for 4 months: 500 points bonus.
  • Locked for 8 months: 2,000 points bonus.
  • Locked for 12 months: 5,000 points bonus.

Chain Options

Players can stake on the Mirai Chain, Avalanche, and Polygon. Staking across different networks contributes to the total points.

How to Win

The top 500 stakers get guaranteed slots. There are 738 NFTs up for grabs:

  • Rank 1-3: Earn 10 mints per wallet + 1 free NFT.
  • Rank 4-10: Get 5 mints per wallet.
  • Rank 11-100: Earn 3 mints per wallet.
  • Rank 101-500: Secure 1 mint per wallet.

Remaining NFTs are offered to ranks 501-1000 on a first-come, first-serve basis.

Fans are encouraged to get involved in the staking action for a chance at exclusive NFTs. By stacking points and aiming for the top ranks, they can join the upcoming Petopia sale.