Staking $GAPE

Staking $GAPE tokens on ApesPlay offers users a way to earn additional rewards while supporting the stability and growth of the platform. Our staking system includes both single-token and dual-token staking options, providing flexibility and additional earning opportunities. Here's a comprehensive guide to staking $GAPE on ApesPlay.

What is Staking?

Staking involves holding $GAPE tokens in a dedicated wallet or staking contract, effectively "locking" them to earn rewards. This process helps secure the network and incentivizes long-term participation and investment in the ApesPlay ecosystem.

Staking Options

1. Single-Token Staking

In single-token staking, users stake only $GAPE tokens to earn rewards. This option is ideal for those who want to keep their investment straightforward and directly linked to the platform's primary token.

• How to Stake $GAPE:

  • Navigate to the staking section on the ApesPlay platform.

  • Select the amount of $GAPE you wish to stake.

  • Confirm the staking transaction in your wallet.

2. Dual-Token Staking

Dual-token staking involves staking $GAPE alongside another cryptocurrency, such as APE or ETH. This method can offer higher rewards due to the added complexity and benefits of diversifying your staking strategy.

a. APE-GAPE Staking

• How to Stake APE-GAPE:

  • Obtain both APE and $GAPE tokens.

  • Visit the APE-GAPE staking pool section on the ApesPlay platform.

  • Enter the amount of APE and $GAPE you wish to stake. The system will require an equal value of both tokens.

  • Confirm the staking transaction.

b. ETH-GAPE Staking

• How to Stake ETH-GAPE:

  • Acquire ETH and $GAPE tokens.

  • Go to the ETH-GAPE staking pool section on the platform.

  • Specify the amount of ETH and $GAPE you want to stake, ensuring an equal value of both tokens.

  • Confirm the transaction to stake your tokens.

Benefits of Staking

• Earn Rewards: Stakers receive regular $GAPE rewards as compensation for supporting the network.

• Boosted Playtime Rewards: Users who participate in staking may receive a boost to their Play-to-Earn rewards, offering greater earnings for their gaming activities.

• Governance Participation: Stakers can gain access to voting rights on platform decisions, allowing them to influence future developments and policies.

Staking Terms and Conditions

• Lock-In Period: Staking may involve a lock-in period during which the tokens cannot be withdrawn. This period varies based on the staking pool and specific terms.

• Withdrawal Penalties: Early withdrawal from staking pools might incur penalties, reducing the total rewards earned.

• Rewards Distribution: Rewards are distributed periodically, often monthly, and are calculated based on the amount and duration of the staked tokens.