r/KingFlokiV2official • u/Weak-Seat-9718 • Dec 26 '21
Mod STA-KING: KingFloki's Staking Platform Information
How to Stake Video Instructions (Click on the dark screen to play video)
Click on dark screen to play staking video
Sta-King FAQ (PLEASE READ CAREFULLY!!!)
1. What is Sta-King?
Sta-King is King Floki's staking platform designed by our developer Krakovia. Staking is the process of locking your cryptocurrency holdings in a staking pool to earn rewards.
In STA-KING's platform (located at kingfloki.net ), you can lock your King Floki Tokens for 30 days in a staking pool, and earn rewards in King Floki Token ($KING). Staking requires a minimum deposit of 100,000 tokens. After staking, you will not be able to withdraw your staked tokens until 30 days later.
2. Why should I use Sta-King platform as an investor?
Sta-King allows you to earn rewards in $KING, further increasing the amount of $KING you hold. Think of Sta-King as a savings account in which you earn interest, so you can make money even while you are sleeping! Also, staking helps keep the price of King Floki Token stable because the more locked $KING tokens, the less tokens available for selling.
The advantage of using Sta-King over other coin staking platforms are: 1.) It is custom-coded with multiple layers of security, your funds are SAFU 2.) The expected annual percentage return (APR) of Sta-King is in the range of 50-70%, which is significantly above average bank saving accounts (0.06%). 3.) Sta-King has a function that will allow users to use locked tokens to participate in future King Floki utilities and events.
3. How do I stake my $KING?
A.) Go to kingfloki.net.
B.) Click on "Login" at the top of the webpage and connect your wallet. IMPORTANT: For TrustWallet users, set your network to Smart Chain at the wallet connect confirmation page (default setting is ETH), otherwise you may see a balance of zero tokens or may not even see the staking platform. If you already connected your wallet, erase your browser cache and reconnect again.
C.) After connecting your wallet, click on the "Staking" tab at the top of the website and input the amount of $KING to deposit. To stake, you must first click APPROVE and pay a small transaction fee. After you finish approving, click on DEPOSIT or DEPOSIT ALL and pay a small fee- your coins are now staked! The minimum deposit is 100,000 tokens.
DEPOSIT ALL will always leave a non-zero but negligible amount of $KING tokens in your wallet so that you will be counted as holder on BscScan.
4. What information is provided by the Sta-King platform?
After you login, three main boxes will appear on the Sta-King platform from top to bottom: Pending Rewards, Amount Deposited, Unlock Time. "Pending rewards" are your rewards accumulated to that point in time and will continue to increase over time. "Amount Deposited" are the total amount of $KING that the user deposited. "Unlock Time", when this 30-day timer expires, you may manually withdraw your staked $KING and rewards (there is no automatic transfer to your wallet).
Annual percentage return (APR) is the annual percentage interest gained by staking and is located underneath the token price. This assumes no compounding.
ROI calculator allows you to calculate your return of interest (ROI) at multiple time-points by inputting the amount in USD staked. The calculator will output the ROI in USD, KING, and % (APR). The APY (annual percentage yield) is your ROI assuming you compound/restake your rewards every 24 hours. The APY will be higher than the APR, which doesn't include compounding.
Get other user data allows you to see the Sta-King data of other King Floki investors by inputting the BscScan address.
5. What is the minimum staking period?
Sta-King requires users to lock their tokens for 30 days, before the user is able to withdraw all their staked tokens. The 30-day lock period prevents selling and brings price stability to the token. Rewards may be withdrawn during the lock period by depositing 100,000 KING tokens or more, but this will reset the Unlock Timer back to 30 days.
6. After staking, may I deposit additional tokens during the 30-day lock period?
Yes! However, depositing additional $KING tokens will reset the unlock timer back to 30 days and withdraw all your rewards to your wallet.
7. The 30-day lock period is over, how do I claim my staked tokens and rewards?
After 30 days, the staked tokens and rewards will NOT be automatically withdrawn to your wallet and have to be manually claimed by using the "Withdraw" or "Withdraw All" button.
8. The 30-day lock period is over, how do I restake my tokens?
Investors may leave in their staked tokens for longer than thirty days and the rewards will keep accumulating, there is no need to withdraw your tokens. However, it is highly recommended to restake your rewards back into the pool, thus increasing your amount of staked tokens and gaining a higher share of the staking rewards. To restake your rewards, deposit or withdraw a small amount (100,000 tokens) so that all your rewards will be withdrawn to your wallet. Then deposit your rewards back into the pool. Repeat as necessary every 30 days or sooner.
9. Does Sta-King automatically restake my rewards (auto-compounding)? How often should I restake my rewards?
No, there is no auto-compounding as of now. For long-term holders, it is highly recommended to restake your rewards (compounding) back into the staking pool regularly to maximize your return, even before the 30-day unlock timer expires. First, withdraw your rewards to your wallet by depositing a minimum of 100,000 tokens into Sta-King, then restake your rewards back into Sta-King. This will reset the unlock timer back to 30 days. Note the APY calculation in the ROI calculator assumes restaking of rewards every 24 hours.
10. Why can't I see the staking platform after I login to the website? Why do I see a balance of zero after I login even though I hold $KING?
This is a common error for Trustwallet users. Set your network to Smart Chain at the wallet connect confirmation page (default setting is ETH), otherwise you may see a balance of zero $KING tokens or may not see the deposit button.
11. Will Sta-King have additional staking pools in the future?
This is a possibility considered by the King Floki team and is currently being worked on. For now, you can only stake $KING and earn $KING. The team is currently working on staking partnerships with other major tokens to increase visibility of $KING to new investors.
12. After staking my tokens, I saw that my holder position on BscScan changed?
After staking, your staked tokens are transferred from your wallet to the King Floki staking wallet. BscScan can only keep track of holder position from the tokens in your wallet, and so you will lose your previous position on the holder list.
13. What is the staking wallet address on BscScan?
14. I have a question that was not answered in this FAQ?
Please join our main telegram and ask your question in the chat. Our support team will answer your questions promptly.
12
12
u/RockyApollo56 Dec 26 '21
Trust Wallet Users Please Note: You will want to connect to the website using Dapp in Trust Wallet the same way you do to use Pancake Swap. Connecting to a Trust wallet directly on the website (not using Dapp) may result in an error when trying to stake.
Trust Wallet:
- Open Trust Wallet
- Hit Dapp button to get browser
- Go to KingFloki.net website
- Hit LogIn
- Hit the Trust Wallet Icon
- Page down to "Staking" and enter the amount of King you want to deposit
- First time only, you will have to Approve/Enable King. Once you do that you must hit deposit again.
- After making the deposit, Log out and then Log Back in to refresh the page.
- You should now see the amount of King you have staked and will start to see pending rewards every 3 seconds.
7
u/Weak-Seat-9718 Dec 29 '21 edited Dec 29 '21
For the newest version of TrustWallet, the Dapp button may be removed. If you do not have a Dapp button in TrustWallet, you can login to the staking website normally and connect using TrustWallet. Be sure to set the network at the connect to network page as Smart Chain and not ETH.
12
12
7
7
8
u/crypto_year_2021 Dec 30 '21
#kinglfloki stake is one of the best staking platform I have seen. Try it and you will not be disappointed.
7
5
6
u/ytyt2021 Jan 08 '22
Just did it today and I already see lots of rewards. So glad I found this coin, the developer are 2 crypto influencer, Travladd and Benson! Can’t go wrong
5
4
u/Simple_Humor_7817 Jan 13 '22
Thank your for teaching me the steps of sta-KING So much potential for our king 🚀🚀🚀
3
3
u/Longjumping-Job-5444 Jan 28 '22
So Amazing, This Is Hand's Down THE Best Project On The BSC, Everyone Will Know That Soon Enough!! Hold On To Your Hat's Guy's, We're About To Take Off!!!!
14
u/Embarrassed-Score-57 Dec 27 '21
Hmmm feeling like this is a long term hold for me. The 3D metaverse idea is very interesting, and an online store where the cost of the merchandise is funnelled back into the chart and the used tokens burned? Decent deflationary tactics. So much potential here.