Publication > editorial > How To Do Locked Staking

How To Do Locked Staking



1. Go to stake.paras.id and click 'Locked Staking'. If you don't have any $PARAS, click 'Get $PARAS’ and buy it from one of the available exchanges.

2. You can choose to lock your staked $PARAS or lock your available balance.

3. Input the amount of $PARAS you want to lock, pick the locked staking duration, and click 'Lock Stake'.

4. You can increase the amount of your locked staking by clicking 'Top Up'.

Lock your $PARAS on stake.paras.id & get excellent rewards!



Terms & Conditions of Paras Loyalty & Locked Staking
  1. Loyalty level will be determined based on the amount of $PARAS locked staking.
2. Users who stake $PARAS without locking it will be considered Bronze level.
3. During the determined raffle registration period, Silver, Gold, and Platinum members will have a chance to sign up and enter an exclusive raffle.
4. Silver, Gold, and Platinum members can log in to Paras Marketplace, and sign up for the exclusive raffle through a pop-up banner on Paras homepage or a raffle registration notification.
5. Silver, Gold, and Platinum members have to click ‘Sign Up’ on the pop-up banner or the notification box to join the exclusive raffle.
6. Silver, Gold, and Platinum members who are eligible to join the raffle but do not click the ‘Sign Up’ button on the pop-up banner or the notification box will not be included in the raffle.
7. Users whose loyalty membership level drop after signing up for a raffle will be automatically enrolled in the raffle for their current level. However, if the users' membership level drops to Bronze, they will not be included in any raffle.
8. Silver and Gold members who top up their locked staking and level up during the raffle registration period are eligible to re-register for the higher level raffle. If they do not sign up for the new level, they will be automatically enrolled in the previous level (Silver or Gold).
9. 1 (one) user can only win 1 (one) raffle prize per month.
10. More details about locked staking:
  1. Locked staking does not allow users to unlock before the end date of the locked staking period.
  2. When users top up the locked staking amount, the period will be reset.
  3. When users do not unstake their $PARAS after the locked staking period ends, the $PARAS will automatically move into flexible staking within 1x24 hours after the locked staking period ends.
  4. Users can do locked staking without reducing their $PARAS on the flexible staking by using the remaining $PARAS in their wallet.
  5. Users can directly put the existing $PARAS in their wallet into locked staking without joining the flexible staking.
  6. The amount of 'Claimable Rewards' on the staking page is an accumulation of flexible staking and locked staking rewards. Users can claim the rewards without unlocking $PARAS.
11. By participating in this program, you agree to the Terms & Conditions of Paras Loyalty.
12. The terms and conditions of this program are subject to changes at any time without prior notice.
13. Paras’ decision regarding the raffle and the winner list is considered final and cannot be appealed nor contested.

Create, Trade, and Collect Digital Collectibles. All-in-one social NFT marketplace for creators and collectors.

This project is in public beta.

2022 Paras

|

Privacy

|

Powered by