Press "Enter" to skip to content

Polinate Launches Staking Initiative with Lucrative Rewards as NFTs for Users

One of the attractive features of DeFi is the lucrative incentives that lure users to experience the nuances of a decentralized platform. It would be incorrect to deny that most of the users are drawn to high-profile projects as they announce staking programmes as a part of their broader marketing initiatives.

Next-generation crowdfunding platform Polinate has rolled out a staking initiative for users to reward them for holding POLI, its native token. Polinate has entitled the initiative the Social Hive Club, connecting creators, fans, investors and patrons.

The project is launching the Social Hive Club to make a difference among several other projects whose native tokens are merely speculative assets and lack tangible utility. The crowdfunding platform is intent on conferring utility on the POLI token right from when it is available to users. Additionally, in the case of tokens with staking functionality, most of them only offer APY rewards to their users.

Polinate to Distribute Rewards from a Creative Standpoint

However, Polinate has mapped a unique reward mechanism for stakers on the platform, where rewards are distributed from a creative standpoint. As such, users will have no idea what to expect as rewards. Polinate has designed a platform where creators can be empowered, thereby pivoting the creator’s economy.

The project has divided the reward mechanism into tiers such that the rewards users get is dependent on the number of POLI tokens they have in their possession. Five tiers are comprising: Bronze, Silver, Gold, Platinum and Diamond

Users on Polinate to Get NFT Drops as Rewards for Staking

Users within the Bronze tier have to hold and stake 10,000 POLI. The reward users get for staking that amount of Polinate’s native token is NFT drops, which are randomly distributed all through a particular. The NFT drops are either the works of creatives on the platform or Polinate partners in the NFT space. Polinate has handpicked some creatives with whom it is going to kick off the Social Hive Club.

At the Silver Bee tier, the minimum number of tokens to be staked is 25,000. For this tier, users are rewarded with NFT drops from creatives, partners and advisors including signed memorabilia drops. Users on the Silver tier also have the privilege of accessing some of the advisors that Polinate has onboarded on its platform.

Users on the Gold tier are required to have up to 50,000 POLI to gain access to the benefits on this tier. Here, they are rewarded with NFT drops from creatives, partners and advisors. Other benefits include signed memorabilia, ticket drops and access to lower fundraises.

The Platinum tier requires users to hold 100,000 POLI or more. Platinum users get NFT drops throughout the month at random times from creatives on the platform, ones from advisors, our partners in the NFT space, random drops of signed memorabilia, ticket drops for shows, the ability to enter any Platinum Tier or lower fundraises, ability to commission pieces from artists on Polinate, discounted use of BlockFilms studios in Enfield London, a special run time of users’ fundraise on the promoted section of the front page of Polinate.

Lastly, on the Diamond tier, users need to stake up to 250,000 POLI where they get access to the following: offers NFT drops throughout the month at random times from creatives on the platform, ones from advisors and partners we have in the NFT ecosystem, random drops of signed memorabilia, events to concerts and festivals, ability to enter any fundraising, being able to commission pieces from artists on Polinate, discounted use of BlockFilms studios in Enfield London, the special run time of users’ fundraise on the top of the front page of Polinate. The rewards on the Platinum and Diamond tiers are somewhat similar. However, Polinate has promised to include additional features at the Diamond tier.

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *