💸Staking Rewards

The early bird gets the worm.

Owenrs can stake EcoCREDIT tokens in their owned plots to earn rewards in Ecolands. Users who stake these tokens in their owned plots receive a proportional share of rewards from additional sales of plots!

For example, suppose a given user happens to be staking 1% of all EcoCREDIT tokens staked within Ecolands. In that case, this user will receive 1% of the total rewards derived from the sale of additional plots in Ecolands, all else equal. This configuration makes for a powerful opportunity for users who purchase plots early and stake a reasonable number of EcoCREDIT tokens.

To incentivize the purchase of rural plots, Ecolands utilizes a proprietary multiplier for EcoCREDIT tokens staked in plots that are further away from other owned plots. This multiplier makes our above example slightly inaccurate. Suppose our user is staking 1% of all EcoCREDIT tokens staked within Ecolands, but is doing so in a rural plot far from any other owned plots. In that case, they may receive 1.5% of the total rewards derived from the sale of additional plots.

This multiplier drives demand for rural land while providing users with dynamic strategic opportunities regarding the plots they purchase. Some users will only purchase highly sought-after plots in urban areas, while others will blend urban and rural land to maximize their staking rewards. The possibilities are nearly endless!

In addition to this dynamic reward configuration, it's worth noting that users receive their rewards in USDT. This widely accepted stablecoin gives users the ability to easily purchase additional plots, additional EcoCREDIT tokens to increase their proportional staking rewards, and more!