Phoenix Protocol is back with the third episode on May 13th, Monday, featuring hard-staking quests and loots for GMEE token holders. The new episode's main feature is hard-staking, allowing players to lock their GMEE tokens on the Ethereum network for a specified period. This period can be 30 or 60 days, with a longer period meaning more loot.
To take part in the new episode, players visit the Phoenix Protocol website on May 13th and connect their Ethereum wallet, which holds their GMEE tokens. Depending on the duration of the stake, players choose the amount of GMEE they want to stake. At the end of the staking period, loot rewards can be claimed from the website.
Staking GMEE allows players to earn rewards with loot. However, there is a bigger purpose to the stake, which the company will reveal in the final episode of the Phoenix Protocol. Players can also collect loot from episode 2 by mining it on Telegram.
Participants interested in boosting their loot balance can have a minimum stake in episode 3 with at least 1000 GMEE. There is no maximum limit for staking; with more GMEE staked for a longer time, the loot and the reward increase.
The tokens are locked in a contract for the selected period, either 30 or 60 days. By the end of the term, the GMEE stake is returned to its owner in full. Before that, users cannot access or trade the GMEE, and an early withdrawal costs a 5% tax on the staked amount.
There is an option for adjusting the stake. Users can add to the amount they initially committed if it matches the duration of the initial commitment. Adding more GMEE resets the staking period back to day one for all the tokens staked. Enthusiasts can join the Telegram channel for further updates, contests, giveaways, and more.