Staking Without NFT
Passive Rewards from Token Issuance
Last updated
Passive Rewards from Token Issuance
Last updated
"Gethar: Meet & Earn" introduces a passive staking mechanism without NFT, enabling users to earn rewards simply by holding GTH tokens in their Stellar wallets from the moment of token issuance until the official app launch in Q2 2025. This approach is designed to incentivize early adopters, strengthen the community, and ensure token stability during the project’s initial phase.
Passive staking from the moment of GTH token issuance exists to reward early holders and establish a solid foundation for the Gethar ecosystem before the full functionality of the app becomes available. Unlike NFT staking, which will be introduced later and tied to active platform use, this mechanism requires no additional assets or actions beyond holding GTH. It reflects our commitment to decentralization and accessibility in the project’s early stages.
Key reasons for implementing this mechanism:
Support for Early Adopters: The first GTH holders, who believe in the project from the start, receive rewards for their loyalty even before the app launches.
Token Stability: Holding GTH in wallets reduces selling pressure at the outset, promoting token stability and liquidity on the Stellar DEX.
Simplicity on Stellar: With Stellar’s low fees (<$0.0001 per transaction) and high speed (~5 seconds), users can easily participate in staking and claim rewards without extra costs.
From the issuance of the GTH token (date to be determined at emission) until the official app launch in Q2 2025, any GTH holder can participate in passive staking. The process is as simple as possible:
Hold GTH: Maintain a minimum GTH balance (e.g., 1,000 GTH, adjustable based on ecosystem needs) in your Stellar wallet.
Registration: After token issuance, connect your wallet to a pre-release version of the Gethar platform (e.g., via a web interface or Stellar-compatible wallet) and confirm participation in the program.
Earn Rewards: Staked GTH tokens automatically accrue rewards at a base APR (e.g., 5-10%, adjustable based on tokenomics), paid out periodically (e.g., monthly) in GTH.
Rewards are distributed from the staking pool (40% of the total GTH supply, or 1.2 billion tokens), activated upon issuance. Until the app launches, this mechanism serves as a temporary measure to sustain community interest, after which it may be replaced or supplemented by app-based staking.
Early Income Access: Holders earn passive income from the token’s first day, without waiting for the platform launch.
Full Liquidity: GTH remains available for withdrawal at any time without a lock-up period, ideal for the early phase when users may seek flexibility.
Ecosystem Strengthening: Participation in staking before Q2 2025 helps stabilize GTH and attract more users to the project.
Passive staking without NFT begins with the GTH issuance and runs until the official app launch in Q2 2025. This period—the "pre-launch phase"—leverages Stellar’s core infrastructure to automatically distribute rewards via smart contracts or Trustline operations. After the app launches, users can transition to more advanced staking options (e.g., with NFT) through the app interface, while retaining the option to continue passive holding if supported by the tokenomics.
Staking without NFT during the pre-launch phase is justified as a tool for community building and economic stability:
Early Engagement: By rewarding initial holders, we build a loyal user base before the product goes live.
Economic Balance: The 40% staking pool (1.2 billion GTH) is distributed gradually, with 20% of taxes and fees burned (in the future) to minimize inflation.
Technical Simplicity: Stellar enables this mechanism with minimal costs for users and developers, requiring no complex integrations before the app launch.
In conclusion, staking without NFT from token issuance until Q2 2025 is a way to thank early supporters of "Gethar: Meet & Earn," bolster the ecosystem, and lay the groundwork for a successful app launch. After Q2 2025, this mechanism may evolve, but it will remain a key part of our story as a project that values every participant from day one.
