Stake NFTs
Staked $WATT tokens will be represented by a non-fungible receipt token, or NFT, which is automatically minted and added to your wallet upon stake creation.
The NFTs determine the amount of $WATT that has been staked, as well as the total amount of AMP allocated.
The NFT that represents your stake allows for the transfer of the stake to another wallet address.
You can sell staked $WATT NFTs on the PixelPark NFT Marketplace without requiring you to unstake and sell the $WATT Tokens.
Owners of staked $WATT NFTs have the ability to claim rewards, unstake, merge stakes, and maintain full ownership through a receipt NFT.
Staked $WATT NFT will showcase a unique image determined by the quantity of $WATT and the total AMP allocation.
There are 12 distinct tiers defined by the amount of staked $WATT and another 12 unique tiers determined by the stake's AMPs. This increases the rarity of the staked $WATT NFT.
By merging staked $WATT NFTs, it is possible to create a larger NFT and potentially increase the tier for the total amount of $WATT and AMPs staked.
For example: By merging an NFT that contains 10 $WATT with 9 AMPs with another NFT that contains 100 $WATT and 75 AMPs, the resulting single NFT would have a balance of 110 $WATT and 84 AMPs.
Consolidating your stakes by merging NFTs could potentially enable you to achieve a higher tier image or badge.
It is possible to add more $WATT to an existing stake without having to first unstake. The resulting AMPs for the addition will be calculated based on the current WATT/AMP ratio and not the ratio used during the initial stake creation.
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