🟪 $PUNK token staking

We will launch $PUNK token staking right after its TGE. Staking is a very useful mechanic (especially when launching) that encourages long-term hold and reduces tokens in circulation. We will launch the first fully on-chain staking ever among TON Jettons.

❗️ Staking will be easily accessed through Punk City menu.

💲 Holders will be allowed to stake $PUNK either with 3 or 6 months of lockup or without it.

🔥 Position APY without lockup ~ 5.5%
🔥 Position APY with 3 months lockup ~ 9%
🔥 Position APY with 6 months lockup ~ 15%

The early position closing fee will be equal to 3%

APY is subject to change, however, it will not affect any positions that are already open. $PUNK tokenomics is deflationary — meaning that all tokens will be released from the Ecosystem fund, not emitted. Every year APY will decrease by half.

React with 🔥 if you'd like to know how TON Punks NFT staking will work.

😮 We also remind you that now is the best time to get yourself a Punk NFT at getgems or win some $PUNK tokens in the PunkCity's League.