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Dragan
Dragan
Dec 6, 2023
News

Gold Fever Announces Stake for Infrastructure System

The Stake for Infrastructure system allows the Gold Fever community to bid on Commercial NFTs using $NGL for a chance at gaining access as a manager to one of the buildings to use as part of the in-game economy.
Gold Fever Announces Stake for Infrastructure System

The team working on Gold Fever, a blockchain survival MMORPG, has announced a new system in an effort to strengthen the game’s economic model: Stake for Infrastructure.

What Is Stake for Infrastructure?

Stake for Infrastructure is a new system that allows holders of $NGL to stake their tokens in exchange for commercial buildings, which are NFTs that act as in-game businesses providing various services, such as item production.

By adding this staking feature, which according to their tweet wasn’t part of the team’s recent strategy, the developers are enabling its community to become a part of the game’s economy before the Web3 title has been fully developed. Doing this provides more utility to the core token, making it more important than ever before as staking it will give you the opportunity to manage in-game assets that include commercial buildings which are “extremely limited.” 

Staking Requirements

In order to use this new staking mechanism, the community will take part in an auction bidding system. The minimum bid for each building is 5000 $NGL tokens. According to the official post, this means that if someone bids the minimum amount, “the next available bidding clot slot is 10K NGL, for each building,” so if you stake 5000 tokens for an airfield, someone else will have to stake 10k to overtake your bid, and so on.

The bidding period will last from December 6th to December 15th, with the highest bidder getting their prized NFT.

In order for a bid to be eligible, participants will need to send the desired amount of tokens to a custom wallet that the team will reveal in the game’s official Discord server.

Should your bid prove successful, you will have to stake your tokens for 3 months, after which you can request your tokens back, while the Commercial NFT will go back up for bidding. The yield you’ll get from staking is said to vary due to its dynamic nature, with factors such as player count, building type, how much you use the building in-game, and more things having an effect.

Depending on how well this system goes, the minimum staking period might be decreased in the future, and the system might potentially end up getting automated as well.

Players do not receive the NFT during the staking period, but instead are given manager access through the game’s official website, from where you can upgrade it, add items, services, and more.

Regardless of staking, anyone can still buy the NFT if they want to using the in-game currency, JUL. You will be notified to buy the asset within 3 days if an offer from someone else comes up during your staking period.

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Disclaimer: The information provided on this page do not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Individuals should do their own research before taking any actions related to the product they read about and carry full responsibility for their decisions.
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