Why you should be paying attention to Stakeland.
Big news this week for the Web3 gaming community! Stakeland recently announced a new partnership with MON Protocol, and it’s set to dominate the space for the next week. Before we dive into what this partnership means and how you can take advantage of it, lets cover what Stakeland is.
What is Stakeland?
If you’ve ever poked your head into blockchain gaming, you’ve probably heard of Stakeland. But for those who haven’t, Stakeland is a community-first Social Staking Protocol being built by the team behind MEME, MEMELAND, and 9GAG. The main goal of Stakeland is to fortify the Memeland ecosystem and provide users with a platform where they can lock their crypto assets in return for new tokens from promising projects.
Stakeland’s zero-fee structure helps set them apart from the rest of the Web3 gaming world. Users can participate in the Stakeland platform with Memecoin ($MEME), being able to stake/unstake their $MEME without any platform fees. This is what Stakeland uses to help foster its community-first, equal distribution system. Users have complete access to stake/unstack their tokens as they see fit and only have to cover the on-chain gas fees.
Staking $MEME on their platform earns you Steaks, which can then be burned in exchange for new tokens being launched through Stakeland. Recently, users were able to stake $MEME for Runecoin, and currently, they can now do the same for $MON.
Stakeland’s Runecoin partnership
On April 18th, Stakeland announced the launch of their social staking protocol, being the Pre-Rune task. For 5 days, users were able to earn Runecoin by staking $MEME, or by completing tasks. 2% of the total rune supply was taken from the Runecoin team allocation, and distributed via the Stakeland platform specifically to help educate and onboard new users into the Runes ecosystem.
After 5 days of farming, Stakeland packeted Runecoin into 1,000,000 red packets — each containing 420 Ruincoin. Users were able to select how much of their steaks they wanted to burn in exchange for these red packets, with the red packets costing an average of 20,000 steaks. In total, there was 420,000,000 Runecoin airdropped to $MEME stakers.
What is MON Protocol?
Mon Protocol is the Web3 gaming publisher behind the widely known project Pixelmon. It has become the publisher of choice for many major ecosystems, such as Solana, Aptos, and Immutable.
MON Protocol is backed by $MON, the token that fuels their ecosystem. It’s designed to be used as the governing token and the currency used for all in-game purchases for all games they have/will publish. With their reach across multiple chains and over 50+ projects as partners, $MON is pushing towards widespread adoption. Holders of $MON can also stake their tokens in exchange for Protocol Points, which they will be able to spend on upcoming launch pools.
How to Participate in Stakehouse x $MON
Stakeland has been allocated 15,000,000 $MON to distribute on their platform. By simply staking $MEME, users earn stakes which can be burned for $MON.
Farming has officially ended few days back. Users can now go and set their stakes burn rate in exchange for $MON. The default burn rate is set to 69%, but users are able to change this to anywhere between 0% and 80%. Rewards will be determined at the end of the burn period, making the amount of $MON rewards relative to the burned amount.
The Other $MON Allocations
There are currently three key groups outside of Stakeland that can participate in the $MON airdrop.
Pixelmon NFT holders
Pixelmon holders are being airdropped 30% of the total $MON supply. 5% of this will be unlocked at the Token Genesis Event (TGE). Each Pixelmon Gen 1 holder may receive up to 20,000 $MON per NFT with the amount being allocated to holders. While Trainer NFT holders may receive an average of 7,100 $MON. These numbers aren’t final and may be changed to better fit the rarity and supply of each NFT.
Presale allocation
The second group allocation is going to presale participants. They have been allocated 6.2% of the $MON supply. Each lot is set to receive 2,888 $MON.
Quest farmers and PixelPals
Users who previously completed MON Protocol Missions are eligible to receive their $MON airdrop, as well as those who have participated in PixelPals. This portion accounts for 28.8% of the total $MON supply.
Conclusion
The partnership between Stakeland and MON Protocol is a game-changer for the Web3 gaming community. With Stakeland’s staking platform and MON Protocol’s domination in the Web3 gaming ecosystem, this collaboration promises to bring new opportunities for many people.
Whether you’re looking to stake your $MEME for $MON, take advantage of the airdrops, or be part of a rapidly growing ecosystem, now is the perfect time to get start getting involved so you can be early to their next partnerships.
ABOUT FLOOR PROTOCOL
Floor Protocol is an NFT marketplace, aimed at helping web3 enthusiasts discover, buy, and collect rare NFTs. Through its $FLC Index Token, Floor Protocol offers investors simplified entry into premier NFT collections. Additionally, with the introduction of μTokens, investors are able to fractionalize their high-value assets, putting more utility in the hands of the holders.
For more information about Floor Protocol or if you have any enquiries, please contact us at support@flooringlab.com
Learn about Floor Protocol’s recent official news：
Website:
https://fp.io/
Twitter:
https://twitter.com/floorprotocol
Medium:
https://medium.com/@floorprotocol
Youtube: (Guides to getting started)
https://www.youtube.com/@AkayMiller
Discord:
https://discord.gg/flooringlab
Gitbook:
https://docs.fp.io/introduction/getting-started
Telegram:
https://t.me/floorprotocol
