Staking Mechanium : How to Stack your $MECHA and what are the conditions ?

Here's how to stake your $MECHA and get Mechanium.

What are the advantages of staking?

Staking allows you to get automatic Mechanium, depending on the APR (% reward), for the duration of the staking period which goes from 3 to 15 months.

Moreover, you get the possibility to unlock passes that allow you to be whitelisted on the next NFT sales.

What are the conditions and consequences of staking?

When you stake for example $1000MECHA, it means that you will not be able to unlock this $1000MECHA for the duration of the staking.
You then get your rewards which are automatically staked for 6 months (allowing to increase the effect of the APY) and unlocked after 180 days. This is called vesting.

You can follow your rewards and lock them (vesting) in the "Rewards" section and the "Vesting" section.

What is the interest for the project?

Staking allows us to reward those who support us, and at the same time maintain the price of our cryptocurrency to avoid sales. It is beneficial for the project and its users.

On which blockchains can I stake Mechanium?

You can only stage on the Polygon blockchain, not ETH. 

What is the address to stake your Mechanium?

The official address is https://app.mechachain.io and the connection is done via Metamask or Sequence (wallet with email address)

What is the APR ?

It depends and varies according to the number of staker, you can consult it directly on the site in the staking section.

What does Mechanium Locked mean?

These are Mechanium that are yours, but are locked for a period of time, according to the tokenism of the project. You can find out when they will be unlocked in the "vesting" section on https://app.mechachain.io 

What is Staking Power?

The longer you stake and the more you stake, the more you will get a bonus on RPA and passes.

staking power = power multiplier x number of stacked tokens

power multiplier = increases linearly with the months of lock. 3 months = x1.0, 15 months = x3.0

staking power calculated on all stakes

What do the Passes allow?

Passes are not NFTs but rights that allow you to have more chances to get NFTs later on and to be whitelisted.

The pass is not given for life and is only valid as long as the user has the required staking power.

Passes have a different design depending on whether you choose one faction or the other. This has no other influence.

What are the tiers for each pass?

These levels may vary depending on the number of stakers

What is vesting?

The vesting allows to show you in how much time your tokens (Mechanium) will be delocked according to our tokenism/our smart contracts

How to get your rewards or claim your rewards?

You must go to the REWARDS tab and click on "Harvest" to obtain your rewards which are then automatically re-injected into the staking and accessible in 6 months.