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Dragan
Dragan
Jul 7, 2023
News

Guild of Guardians Kicks Off GOG NFT Staking for The Guild’s Treasure Season Two

GOG NFT staking for The Guild’s Treasure Season Two is officially live, giving holders of assets from Guild of Guardians the chance at earning a share of the 1.5 million $GOG reward pool alongside an additional 500k tokens.
Guild of Guardians Kicks Off GOG NFT Staking for The Guild’s Treasure Season Two

Following the launch of $GOG active staking for The Guild’s Treasure Season Two, the Guild of Guardians team has provided another option in the form of GOG NFT staking, now live until December 5th.

Throughout these couple of months, holders who stake their assets will be eligible for a reward pool of 1.5 million $GOG. On top of this, there will be 500k tokens given out as retroactive surprise rewards to select GOG NFT holders. The program is split into epochs, that is, certain timeframes, with the duration of the first epoch being from June 13th to September 5th. Rewards for this epoch will be given at the end of September. 

How many rewards each holder gets depends on GOG NFT holdings at the end of an epoch as well as on the number of points those assets have. Points are based on the original sale price of the non-fungible token, which means that if the original sale price of the NFT was $100, then that asset is attributed 100 points, though some Hero and Pet NFTs may get some bonus points depending on their rarity. GOG PFPs that were given away for free have been assigned a $100 original sale price by default. There is also a holding period multiplier that goes up to 5x depending on how long you’ve held a certain GOG NFT, so if you’ve held an asset for 2 years, you’re subject to a 4x multiplier.

Overall, the amount of rewards a user can receive will depend on the number of points, as the more points you have, the higher NFT staking share you got.

In order to successfully participate in this staking program, users must have at least one GOG NFT in their wallet that is connected to Immutable X, and fulfill one of the 3 following criteria: add to your $GOG balance on Immutable X by at least 1 token every 3 months (staking rewards do not count), buy or sell any NFT every 3 months, or make a governance vote using $GOG tokens within the game’s ecosystem.

As for the surprise rewards, only users who have held any GOG NFT on an Immutable X-connected wallet from January 1st, 2021 to June 12th 2023 and have either bought or sold a GOG NFT during that same period will be eligible for the retroactive token rewards.

For more detailed information, be sure to check out the official article linked in the tweet down below.

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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