C2X Staking Program: Provide Liquidity, Stake LP Tokens, and Get Rewards
Article update: An earlier version mentioned that the opening of the Staking Program is on 04/26/22 at 01:00 (UTC) however that is no longer possible and has been changed to 04/26/22 at 13:00 (UTC). A note has also been added to clarify this change of time.
Hello, C2X Explorers,
C2X strives to be more than just a blockchain gaming platform by building our own DeFi and connecting ourselves closer to Terra’s ecosystem. On the other hand, we are also continuously expanding our value to become a true Web 3.0 platform where everyone can freely be a part of.
To facilitate this, we are doing our best to build the tokenomics where our governance token, C2X, and game tokens on the platform can coexist in harmony. Many Explorers have been with us in this journey as well since the very beginning of C2X Platform’s launch on Terra’s ecosystem.
Today, we are going to walk you through how we are connecting ourselves to the Terra ecosystem and provide a variety of opportunities for our Explorers such as the Staking Program, a special engagement with a total reward of 5,608,000 C2X.
(IMPORTANT) Program details are subject to change before the beginning of the Staking Program. Please make sure to visit us for the announcement on the exact information on the opening day.
Staking Program Period
04/26/2022 –05/10/2022 13:00 (UTC)
* The Staking Program webpage will be opened at the beginning of the staking program.
** The Staking Program no longer opens on 04/26/2022 at 01:00 (UTC)
How to Take Part in the Staking Program
Phase #1: Provide Liquidity and Get LP Tokens
- A total of 3 differently paired liquidity pools will be provided throughout the staking program. Have the right tokens ready for each pool in advance!
<Liquidity Pool Pairs>
$UST — $CTX
$CTX — $LCT
$CTX — $CST
* What are $LCT and $CST? They are the game tokens for Summoners War: Lost Centuria and Chromatic Souls : AFK Raid respectively. Each token can be earned by ‘Converting’ in-game items and ‘Swapping’ between different tokens.
2. Add your $CTX and other tokens ($UST, $LCT, $CST) to a pool that you wish to participate in.
* The minimum quantity required for each token to create a pair is <0.000001>
** Transaction fees of $LUNA or $UST will occur when adding liquidity
3. You will receive LP Tokens in return when you provide your liquidity into a pool.
Phase #2 : Stake LP Tokens and Get Rewards
4. (Important) Stake your earned LP Tokens on our staking program web page.
* You are required to select the lock-up period when staking LP tokens, and it cannot be withdrawn or changed until the lock-up period ends.
** The minimum lock-up period is 4 weeks. You may also lock your tokens for up to 52 weeks.
*** You will be automatically admitted to the staking program if you stake your LP Tokens during the staking program period.
**** Transaction fees of $LUNA or $UST will occur during the staking process.
5. Check your rewards after you stake your LP Tokens.
<Total rewards for each pool>
$UST — $CTX >>> 5,000,000 $CTX
$CTX — $LCT >>> 304,000
$CTX — $CST >>> 304,000
“lockup weight = 1 + [( week — 1 ) * ( 9 / 51 )]
amount_weight = amount_to_lock * lockup_weight”
* The amount of reward will vary depending on the number of participants, and the exact amount will be determined on 05/10/2022 13:00 (UTC).
6. Claim your reward in $CTX when the lock-up is complete.
* When the selected lock-up period is complete, the C2X rewards will be distributed evenly throughout 4 weeks.
* Transaction fees of $LUNA or $UST will occur when claiming the reward.
The staking program will begin in a week!
Make sure you have the right tokens in order to be a part of this program!
Summoners War: Lost Centuria’s Official Channels:
Official Website / Discord / Twitter
Chromatic Souls : AFK Raid’s Official Channels:
Official Website / Medium / Discord / Twitter
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