Genopets Game Whitepaper
  • Overview
    • Introduction
    • Rewarding an Active Lifestyle
    • Why Web3 in Games?
    • GameFi Sustainability
    • Marketplace Economy
    • Roadmap
      • PHASE 1 - PRIVATE BETA (COMPLETE)
      • PHASE 2 - WHITELIST PUBLIC BETA (IN PROGRESS)
      • PHASE 3 - FUTURE LAUNCH (COMING 2023)
  • Gameplay Pillars
    • Move-to-Play
    • Nurture & Evolution
    • Habitat Terraforming & Rental
    • Harvesting KI & Crafting
    • Battle System
  • Game Mechanics
    • Developer's Note
    • Mechanics Changelog
    • Energy
      • The Framework
      • Calculating Steps to Energy Conversion
      • Why Implement Energy?
    • Stage-based Energy Multipliers
    • Daily Banking Rewards
    • Challenges
    • Banking Streaks
    • Mood & Nurture
      • Calculating Mood
      • Nutrition
      • Joy
      • Love
      • Nurture Actions
        • Feeding
        • Playing
        • Petting
      • Nurture Items
    • Leveling Up
    • Stats
    • Items
    • Step Battles
    • Player Created Economy
      • Virtual Economies in Context
      • Players as Economic Agents
    • Crafting
      • Terraformation (Habitats)
      • Refinement (Crystals)
      • Alchemy (Items)
        • How It Works
        • Cosmetics
        • Augments
        • Reroll
        • Expedite
    • Augment Upgrading & Recycling
      • Upgrading
      • Recycling
    • Habitat Management
      • General Parameters
      • Components
      • Primary & Sub-Habitats
      • Unrefined Crystal Spawning
      • Harvesting KI
      • Terraform Seeds
      • Maintenance & Decay
      • Upgrading Habitats
      • How to Acquire Habitats
      • Delegation (Alchemists & Harvesters)
      • Habitat Hibernation
  • Tokenomics
    • Dual Token System
    • GENE Tokenomics
    • GENE Staking
      • Inspirations
      • Motivations
      • Benefits
      • Design
        • sGENE In-Game
      • Definitions
      • Current Settings
      • Staking Program Audit
      • Airdrop Reward Weight
    • KI Token Launch
  • Game Elements
    • Glossary
    • Season 0 - Item Removal
    • Crafting Recipe Book
    • Holiday Gift Guide
    • Resources
      • Giveaways
        • Genopets Duck Game Giveaway
    • Genoverse Alphabet
    • Game Rules
    • Augment Style Guide
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  1. Tokenomics
  2. GENE Staking

Benefits

With the aforementioned motivations in mind, the key benefits of staking come in 5 forms:

Rewards

The first benefit of staking is, of course, providing GENE Token rewards from the allocated reward pool. GENE Staking rewards earned are locked for 1 year by default, but can be withdrawn without lock as sGENE which, though usable in-game, have no protocol-designated liquidity.

Distributions

NFTs, tokens, or other assets distributed to stakers from time to time. This could be from a NFT airdrop, or from a new token launch (KI tokens). It may or may not be locked as it’s case dependent.

Initial KI Token Generation via Lockdrop

The initial generation of KI Token will be distributed to GENE token stakers via lockdrop and sold in a fair launch on Strata. KI Token is the in-game utility token that is earned in-game and burned through various game mechanics to stabilize the game economy.

In-game Boosts & Early Access

GENE Token stakers are given preference and additional benefits with regards to in-game mechanics, from time to time, based on particular campaigns or in-game seasonal quests. For example, KI earnings boosts, Private Beta access, whitelisting for future NFT Sales, and early access to other new features are all GENE Token Staking benefits.

Governance Voting

GENE Token stakers will be entitled to vote on governance decisions like future token emissions, provide input on game mechanics, and participate in other foundation-related decisions as we work towards more community involvement in every aspect of the game. Governance voting weight is determined by the amount of time remaining in the lock period.

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Last updated 2 years ago