Some time ago R-Planet announced the delisting of all third-party NFTs from the R-Planet Staking System. This is going to be the first step in a full staking system transformation. Today we are going to talk about the new order of listing within the R-Planet Staking System 2.0, and the way each of you can make an impact on it.
Meet the R-Planet Staking System 2.0
The main difference of the R-Planet Staking System 2.0 compared to the previous one is that only 21 projects from all listed here will be able to mine Aether. That will be the first 21 projects on the list. Who will be forming the list, you might ask. Well, you of course, our dear community! Anyone will be able to vote for the project they like by staking Aether for it. The project with the biggest amount of Aether staked to it will take the first place and with it, the biggest mining pool. The second project on the list will have slightly less Aether in its pool and so on.
The transition will be held in three stages:
Let’s talk about them more precisely.
On December 31 all the NFT collections of third party projects are going to stop mining Aether. Technically the mining powers of their pools will drop down to 0. You can either take your cards back by unstaking them or wait until the project voting and see if they will be or won’t be added to the New R-Planet Staking System 2.0. If the project is in the top 21 voted, your NFTs will simply start mining again. If the project is not voted in as one of the top 21 you can leave your NFTs staked and keep staking Aether to the project’s voting power in hopes it will move up into the top 21 and start mining again (this recalculation will be held on a daily basis). Or you can unstake your NFTs anytime you would like and do with them as you see fit.
First of all, it needs to be said that all the projects which have already been listed on the R-Planet, will go through the whitelist automatically. All the other projects who would like to be listed on the R-Planet Staking System will have to fill the application and meet the requirements.
- The first level of the verification on the AtomicHub;
- A full-fledged collection (already released);
- The project is alive and has an active community.
After the team considers the application, the project will either be added to the voting pool or not.
After the initial list is formed, anyone will be able to vote for the project they like the best or for a few one they want to see added.
All you need to do is to stake some aether for it.
Conditions of unstaking your Aether:
- you can unstake your Aether anytime you want to;
- unstaking takes 30 days.
The recalculation of the Aether staked to the voting funds will happen regularly to keep the right order of the most popular projects.
DevFund for voting. The R-Planet team allocates 25B of Aether to have a right to use them for voting. This amount should be enough for us to support one or two projects that are close to R-Planets heart if needed.
The launch of R-Planet Staking System 2.0 is scheduled for Q1 of 2022. Right after that, the race of projects to be included starts.