Shiden DappStaking Reward Rules
About Kaco DappStaking reward rules and instructions
“3x Rewards + KAC Bonus!🙊 We are AMM & Farming & Fractional NFTs now focus on Shiden, try our product and grow with us🐒” — As described on our DappStaking, we will reward DappStaking users at this stage, and we will continue to reward Kaco & SDN loyal users when Dappstaking launch on our official website, please continue to support Shiden ecology via Kaco.
Why launch own DappStaking?
We have received feedback from many community users and hope to join DappStaking to get high rewards. However, due to the limit, there are still many users who cannot join it. Therefore, we will develop DappStaking on our official website (only for Shiden network use) so that more users can participate. We will not set the threshold for staking. Rewards can also be distributed through smart contracts, and you can always see the proceeds of staking.
How many rewards can I get?
In the first stage, that is, during the period when the DappStaking on our official website page is not yet online, we will take out the 50% of $SDN from the dappstaking rewards of developer + 10,000 $KAC, and we will allocate it according to the staking percentage of each Era
Specific formula:
Each Era‘s’ SDN reward = the proportion of the number of staking in this Era * 50% of the total amount of SDN awarded to developers in this Era
$KAC reward per Era = 10,000 $KAC * % of the amount of staking in this Era/ Costing day of launching KACO official DappStaking
Costing day of launching KACO official DappStaking: For example, Kaco launched the Shiden network’s DappStaking function on October 16, and Kaco’s official DappStaking function launched on October 27, so it took 11 days.
How will these rewards be distributed?
At present, our airdrop collection function will be launched soon. We will release this function on the Kaco official website. Users who meet the qualification can connect their wallets to receive rewards. Please pay attention to whether the network connection is correct when receiving.
For the recent rewards, we will first send the $SDN of the additional rewards to everyone by transfer, and $KAC will wait until KACO official DappStaking launch to distribute
Will the follow-up rewards continue?
When our DappStaking is online, we will migrate the reward to DappStaking on Kaco’s official website, and please migrate to our official website in time after Kaco’s official website launches DappStaking, so that you can continue to enjoy high returns. The content of the reward will not change, and we will also configure additional $KAC rewards with a certain weight to everyone~
About KACO
Kaco Finance is the evm version of DEX issued by Polkadot decentralized exchange and synthetic asset protocol Coinversation. Kaco Finance is a cross-chain decentralized trading platform based on Binance Smart Chain and Kusama parachain. Kaco Finance initially aims to provide liquidity AMM and yield farm for the Polkadot ecological project and is committed to realizing the asset bridging function between Kusama and BSC.
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About Astar Network/Shiden Network
Astar Network (previously known as Plasm) is a dApp hub on Polkadot that supports Ethereum, WebAssembly, and layer 2 solutions like ZK Rollups. Astar aims to be a multi-chain smart contract platform that will support multiple blockchains and virtual machines. Shiden Network is a sister network of Astar Network and a dApp hub on Kusama.
