When UREEQA launched its first staking program in the spring, all three pools were full in a matter of hours as Tokenholders jumped at a prime opportunity to get more bang for their URQA buck.
Now, we’re back with two new pools, both of which offer phenomenal returns on Tokenholder investments.
Both go live on UREEQA.com at 12 p.m. ET on Thursday, Sept. 30, and we recommend you show up on time and well-prepared for this end-of-summer “pool party” because spots are likely to fill up fast!
Pool 1: Hitchcock (VIP)
Maturity: 2 months
Annual percentage yield (APY): 155%
Maximum individual contribution: 100,000 URQA
Size: 1.5 million URQA
Eligibility: VIP pool only available to Community Qardholders*
*Qard must reside in the same digital wallet that you use to contribute to the Staking Pool. Snapshot of URQA and Community Qard in wallet will be taken by 8 a.m. ET on Thursday, Sept. 30 for VIP Staking Pool eligibility.
Pool 2: Angelou
Maturity: 3 months
Annual percentage yield (APY): 55%
Maximum individual contribution: 50,000 URQA
Size: 1 million URQA
Eligibility: Open to all Tokenholders
Obviously, the returns are more substantial in the VIP Hitchcock pool, which requires members to own at least one UREEQA Community Qard. But you can still increase your URQA significantly in the Angelou pool, which has an extra month to accumulate returns.
And in both cases, you’ll earn URQA as soon as you’re in the pool.
However, it’s important to note that you won’t be able to double-dip by using tokens committed to a Staking Pool to qualify for our Tier Structure, or vice versa. Both programs require accessible URQA.
How do I get into a pool?
It’s about as simple as a cannonball, but instead of a bathing suit you’ll need your MetaMask.
1. That MetaMask (an Ethereum-based web wallet) can be downloaded and installed here.
2. ADD URQA to your MetaMask. The contract address is: 0x1735Db6AB5BAa19eA55d0AdcEeD7bcDc008B3136
3. Deposit enough into your MetaMask to cover your pool investment (URQA) and gas fees (ETH).
4. Go to the UREEQA Staking page on our website. Staking launches Thursday, Sept. 30 at 12:00 p.m. ET.
5. Select the staking pool you wish to contribute to (Hitchcock or Angelou) and press STAKE when it opens up.
6. Authorize your MetaMask to be connected to the staking smart contract.
7. On the specific pool page, press STAKE.
8. Read and understand the disclaimer and agree to the terms.
9. Input the amount of URQA you wish to stake.
10. Confirm the amount is correct and approve the allocation.
11. MetaMask will pop up. Allow MetaMask to spend your URQA (i.e. send your URQA to the staking contract) and press CONFIRM.
12. Confirm your staking transaction is accurate and press SUBMIT.
13. MetaMask will pop up again. Confirm your transaction in MetaMask. You can edit the Ethereum Network gas fee in MetaMask by pressing EDIT and choosing a custom gas fee. However, lower fees have slower transaction times.
14. Wait until the transaction goes through (see countdown on the right corner of the page). Your stake should be confirmed in a matter of seconds!
See you at the pool party.
About UREEQA
The UREEQA platform strives to protect Creators’ work, their rights and their revenue by harnessing the power of blockchain technology.
Established in Canada in 2020, UREEQA will modernize the inefficient and bureaucratic systems currently in place for copyright, patent, industrial design and trademark protection. By building a robust and compelling Package of Proof for source creative work, UREEQA only mints Validated NFTs to represent creative rights. This helps keep buyers safe by giving them confidence that the work they are purchasing was minted by the smart contract approved by the Creator of the work and is therefore authentic.
UREEQA provides value and opportunities for its Creators, Validators and Token holders via URQA, the token at the heart of the UREEQA ecosystem.
For more information on UREEQA and upcoming announcements, please visit our website, join our Telegram channel and Discord server, and follow us on Twitter, Instagram and LinkedIn.
Disclaimer:
Statements in this article, including any statements relating to UREEQA’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in technology development and commercialization. As a result, actual results may vary materially from those described in the forward-looking statements. Do your own research!
