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Cryptocurrency News Articles

STYLE Protocol Debuts $STYLE Token Staking Feature, Giving Access to Sulfurions NFT Collection

Aug 06, 2024 at 09:02 pm

With this launch, the protocol, which transforms NFTs into cross-game 3D assets, will give token holders access to the much-awaited Sulfurions NFT collection

STYLE Protocol Debuts $STYLE Token Staking Feature, Giving Access to Sulfurions NFT Collection

NFT cross-game asset protocol STYLE has announced the launch of its much-anticipated $STYLE token staking feature.

As part of this launch, token holders will gain access to the highly sought-after Sulfurions NFT collection through a tiered system that unlocks increasing rewards.

The three-tier staking system offers varying rewards. Tier 1, which requires staking 2,000 STYLE tokens, provides two minting opportunities: one guaranteed Sulfurions mint and one first-come, first-serve mint. Additionally, Tier 1 stakers who are whitelisted will receive an extra mint.

With Tier 2, staking 20,000 STYLE tokens unlocks four minting opportunities: two guaranteed Sulfurions mints and two first-come, first-served mints. Voting privileges and the ability to invite friends are also unlocked at this stage. Whitelisted holders will receive one extra mint.

Finally, Tier 3 stakers, who must stake 200,000 STYLE tokens, will receive the highest tier of rewards, including ten minting opportunities in total — five guaranteed Sulfurions mints and five first-come, first-served minting opportunities. Tier 3 stakers will also receive a portion of rewards from the STYLE Protocol treasury, along with friend invites and voting privileges. Whitelisted holders at this tier will get one extra mint.

“We're thrilled to introduce our staking feature, which not only rewards our token holders but also provides exclusive access to our Sulfurions collection,” said Leo Hilse, Founder of STYLE Protocol. “This marks a significant milestone in our journey to create a truly interconnected gaming ecosystem.”

The staking feature also unlocks additional benefits. Users can earn USDT by inviting others to join the STYLE ecosystem, contributing to the community's growth. Higher-tier stakers can also receive a percentage return for their staking from the STYLE Protocol treasury.

This staking announcement follows STYLE Protocol's recent achievements, including an initial $2.5 million funding round and the listing of $STYLE on major exchanges such as Bitget, MEXC, and Uniswap. The protocol continues to pave the way for true interoperability of digital assets across games and metaverses.

About STYLE Protocol

STYLE Protocol is on a mission to help gamers transcend identity across the multiverse — where NFTs and other virtual assets can be used in any game, anywhere. With a focus on interoperability, the protocol aims to drive adoption, remove barriers to entry and create a world-class experience for players.

Follow STYLE Protocol on its socials: X | Discord | Telegram | LinkedIn

News source:beincrypto.com

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Other articles published on Nov 23, 2024