Staking is one of the most important aspects of CoinsLoot.com, as investors who stake $LOOT will earn dividends/profits on every single transaction that occurs from users opening Loot Boxes.
Once the platform gets just 5,000 daily users, the daily CoinsLoot’s profit will be around $280k a day, 75% of which will be distributed between the LOOT token holders.
When you staking tokens — every day you earn Staking Power (SP), after 200 days you have 2x SP, whereas for 100 days you have 1.5x SP.
Once the user decides to unstake LOOTs, the lock-up period for tokens is 5 days.
In order to stake $LOOT you only need to follow a few easy steps:
- Go to https://coinsloot.com/ , click “Add Balance” in the top right corner and connect your MetaMask (in case you have your LOOT tokens on CoinCasso platform, please, withdraw it to your MetaMask wallet first)
2. Click to your Profile in the top right corner and you will see the dashboard with your Balance, Statistics and Staking Panel. Click “STAKE PANEL”.
3. In the opened dashboard click “Stake LOOT” again and choose the number of tokens you would like to stake (minimum value of LOOTs should be bigger than 1000) and click “Approve LOOT” which allows the contract to use your LOOTs. Number of LOOTs given here cannot be less than the number of LOOTs you want to stake.
4. Provide a number of LOOTs equal to or less than the number of LOOTs approved earlier, adjust your MetaMask transaction fee avoiding the amount smaller than average, wait few minutes until the transaction is processed on a blockchain, and it is done.
5. Refresh CoinsLoot page if necessary and you will see your staked LOOTs balance. If it is not there, check your staking transaction status on etherscan.io
Don’t forget to stake LOOT tokens to earn profits from every single transaction that occurs from users opening Loot Boxes on the CoinsLoot.com platform.
Try your new crypto experience by simply connecting your MetaMask at CoinsLoot.com!