5.4 Staking Rewards

Staking Rewards form an integral part of our Play-to-Earn (P2E) ecosystem, offering players an opportunity to earn passive income by locking up their in-game tokens for a specified period. This system is designed to reward long-term commitment and active participation in the game’s economy, providing a reliable stream of rewards to those who contribute to the network’s stability and liquidity. Staking is not just a financial mechanism but also a strategic component that enhances player engagement and aligns their interests with the overall health of the game’s ecosystem.

Overview of Staking Rewards

In the P2E ecosystem, staking allows players to lock their tokens into a smart contract for a predetermined period, during which they cannot withdraw these tokens. In return for their commitment, players are rewarded with additional tokens at the end of the staking period. This system is particularly beneficial for players who wish to earn rewards passively while also supporting the game’s underlying infrastructure.

The staking mechanism is designed to be flexible, allowing players to choose from various staking periods that range from 30 days to a full year (365 days). The rewards earned from staking are directly proportional to the duration for which the tokens are staked—the longer the staking period, the higher the rewards. This tiered structure incentivizes players to commit their tokens for longer periods, thereby contributing to the stability and growth of the in-game economy.

Staking Periods and Rewards

The Staking Rewards system offers multiple staking periods, each with its own reward potential. Players can choose to stake their tokens for 30, 60, 90, or 365 days. These options provide flexibility, allowing players to balance their desire for liquidity with the potential for higher rewards.

  1. 30-Day Staking:

    • The 30-day staking period is the shortest available option, offering a modest reward. It is ideal for players who want to maintain liquidity and avoid locking their tokens for extended periods. While the rewards are lower compared to longer staking periods, this option provides a quick return on investment.

  2. 60-Day Staking:

    • The 60-day staking period offers a higher reward than the 30-day option, reflecting the increased commitment. This period is a balanced choice for players who are willing to lock their tokens for a moderate duration in exchange for better rewards.

  3. 90-Day Staking:

    • The 90-day staking period further increases the reward potential, making it an attractive option for players who are comfortable with a longer lock-up period. This option provides a substantial return, making it a popular choice for those looking to maximize their staking rewards without committing to the longest period.

  4. 365-Day Staking:

    • The 365-day staking period is the longest available option and offers the highest rewards. It is designed for players who are fully committed to the long-term success of the game and are willing to lock their tokens for a full year. This option provides the greatest return, rewarding players for their dedication and support of the game’s ecosystem.

Staking Process

The staking process is straightforward and user-friendly, designed to encourage participation from all types of players, regardless of their experience level. To stake tokens, players must initiate a transaction that locks their tokens into the smart contract for the chosen staking period. This action is irreversible for the duration of the staking period, meaning that players cannot withdraw their tokens until the period has ended.

When a player stakes tokens, the smart contract records the amount of tokens staked, the start time of the staking period, and the chosen staking duration. These details are stored securely on the blockchain, ensuring transparency and preventing any tampering with the staking records. Once the staking period is complete, players can claim their staked tokens along with the earned rewards by interacting with the smart contract.

Reward Calculation

The rewards from staking are calculated based on the total tokens staked and the duration of the staking period. The smart contract uses a predefined percentage, known as the staking percentage, to determine the reward pool. This percentage is set by the contract owner and can be adjusted to reflect the overall economic conditions of the game.

The reward calculation is proportional to the amount of tokens staked and the length of the staking period. For example, a player who stakes 100 tokens for 365 days will earn more rewards than a player who stakes the same amount for only 30 days. This proportionality ensures that players are fairly compensated for their commitment, with longer staking periods yielding higher returns.

Claiming Staking Rewards

At the end of the staking period, players are eligible to claim their staked tokens along with the rewards they have earned. The process is designed to be seamless, with players simply interacting with the claimStakingRewards function in the smart contract. This function checks that the staking period has indeed ended and calculates the total rewards due to the player.

The claimStakingRewards function ensures that players can only stake once at a time, preventing any potential issues with overlapping staking periods. Once the rewards are claimed, the player’s staking status is reset, allowing them to stake again if they choose. This cycle encourages continuous participation in the staking system, offering players the flexibility to manage their tokens according to their needs and goals.

Strategic Implications

The Staking Rewards system introduces a layer of strategy to the P2E ecosystem, where players must carefully consider the trade-offs between liquidity and reward potential. By choosing to stake their tokens, players opt into a system that rewards patience and long-term thinking. The tiered staking periods offer flexibility, enabling players to tailor their staking strategy to their individual preferences.

For players who are confident in the long-term success of the game, the 365-day staking period represents the most lucrative option, offering the highest rewards. Conversely, players who prefer to keep their tokens more liquid may opt for shorter staking periods, balancing their desire for immediate access to their tokens with the opportunity to earn rewards.

This strategic element of staking not only enhances the gameplay experience but also contributes to the overall stability of the game’s economy. By encouraging players to lock up their tokens, the staking system helps to reduce token circulation, thereby stabilizing the token’s value and promoting a healthy economic environment.

Security and Transparency

The security of the Staking Rewards system is paramount, as it involves the locking and distribution of valuable in-game tokens. The smart contract incorporates several security measures to ensure that the staking process is safe and transparent. These include:

  • Immutability: Once tokens are staked, the details of the staking transaction are recorded on the blockchain, providing an immutable record that cannot be altered or tampered with. This ensures that all staking activities are transparent and verifiable by anyone.

  • Reentrancy Guard: The smart contract uses a reentrancy guard to prevent potential attacks that could exploit the staking or claiming process. This safeguard ensures that each transaction is processed securely and without interference.

  • Owner-Only Controls: Critical parameters, such as the staking percentage and the ability to reset the contract, are restricted to the contract owner. This central control ensures that the staking system remains fair and operates according to the intended rules.

  • Automated Processes: The smart contract automates the calculation and distribution of staking rewards, eliminating the need for manual intervention. This automation reduces the risk of human error and ensures that rewards are distributed accurately and on time.

How to Participate in Staking Rewards

Participating in the Staking Rewards system is simple and accessible to all players. To get started, players need to follow these steps:

  1. Choose a Staking Period:

    • Players must first decide how long they wish to stake their tokens. The available options are 30, 60, 90, or 365 days. The choice of staking period will determine the reward potential, with longer periods offering higher rewards.

  2. Stake Tokens:

    • After selecting the staking period, players can stake their tokens by calling the stake function in the smart contract. They need to specify the amount of tokens, the building they wish to stake on, the duration, and the security key.

    • Example:

      solidityCopy codestake(100, "BuildingA", 90, "securityKey123");

    • This transaction will lock the specified tokens in the contract for the chosen period.

  3. Wait for the Staking Period to End:

    • During the staking period, the tokens remain locked in the contract, and players cannot withdraw them. The contract will track the staking period automatically.

  4. Claim Staking Rewards:

    • Once the staking period has ended, players can claim their staked tokens along with the earned rewards by calling the claimStakingRewards function.

    • Example:

      solidityCopy codeclaimStakingRewards();

    • The rewards will be calculated based on the amount of tokens staked and the length of the staking period.

  5. Repeat the Process:

    • After claiming the rewards, players can choose to stake their tokens again, starting a new staking period. This continuous cycle allows players to keep earning rewards as long as they remain active in the staking system.

Conclusion

The Staking Rewards system is a vital component of our P2E ecosystem, offering players a reliable and rewarding way to earn passive income through the strategic staking of their in-game tokens. By locking tokens for a defined period, players contribute to the stability and growth of the game’s economy while earning proportional rewards based on their commitment.

This system is designed with flexibility in mind, allowing players to choose staking periods that suit their individual strategies and preferences. Whether opting for a short-term stake or committing to a full year, players are rewarded fairly and transparently, with all transactions recorded on the blockchain.

Through the thoughtful design of the staking system, we aim to create a balanced and engaging experience that encourages long-term participation, strategic thinking, and continuous interaction with the game. The Staking Rewards

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