Posted on : 24 Oct, 2022 | Last Update - 3 months ago
META Staking is the way to collectively direct and earns from Geton Ecosystem's operations — following the initial idea and guidelines to provide a safe and transparent cryptocurrency trading environment while meeting the appropriate interests of all included.
META Staking is integrated into the GetonInvestments platform, where users manage assets through MetaMask.
Opening the META Staking menu will offer six (6) different staking packages:
1. 1,000.00 META Stake
2. 5,000.00 META Stake
3. 10,000.00 META Stake
4. 100,000.00 META Stake
5. 500,000.00 META Stake
6. 1,000,000.00 META Stake
Following the process, the user must confirm the MetaCoin transfer into Staking Wallet.
DO NOT SEND TOUR METACOIN DIRECTLY (in MetaMask directly) TO THIS WALLET, BECAUSE THEY WILL NOT INCLUDE IN STAKING INCOME DISTRIBUTION, AND YOU WILL LOST THAT ASSET! ALWAYS USE THE INTERFACE IN GETON.INVESTMENTS!
Menu META Staking has five (5) submenus through which you can track what is happening with your Stake and authorize staking incomes and use them to your preferences. Particularly the submenus have the following functionalities:
Create Stake: Choose between staking packages according to the available balance.
Active Stake: Displaying active stake with stakeholding percentage.
Income History: Check and authorize staking income from different sources.
Income Authorizations: The history of all income authorizations.
Whitelisting: Confirming the acceptance of a particular collective Trading agreement.
How does it work?
All stakeholders are sending their MetaCoin to the staking wallet. When transferred, users get details about their active Stake. If they already have an active stake and add additional staking assets, their active stake details will upgrade with new total values. Every Monday, newly collected MetaCoins are bridged to the Binance SmartChain network using the same wallet address as on GetonLedger, with a granted role to bridge tokens.
According to stakeholder percentage, total income in USDT from MetaCoin sales on getonswap.com and pancakeswap.finance is distributed, and selling amounts are proportionally reset. According to the actual stakeholding percentage, the stakeholder receives additional staking income. The list of staking income sources is as follows:
- Income from MetaCoin Sales on the global market,
- META Stake income authorizations,
- Trading Order Income authorizations,
- Income from GetonCommunity MetaCoin Sales on the global market,
- Income from PiplCoin Sales on the global market,
- Income from PronCoin Sales on the global market,
- Income from GetonCoin Sales on the global market.
The stakeholder can cancel and demand staked MetaCoin back. The stakeholder can always add MetaCoin to the active Stake and increase their stakeholding percentage.
Upgraded: January 2023
First published: November 2022
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