Blockchain technology company EverRise has introduced rewarding its users with Non-fungible tokens (NFT) each time they stake it’s token, RISE.
“Earn Staking NFTs each time you complete a staking period. Collect them all by trying different staking periods with different amounts of RISE,” the blockchain company said on its website.
The unique tokens are of twelve varieties based on the number of months being staked and there are twelve sets of NFTs based on the amount of tokens users stake.
47 per cent of EverRise’s token, RISE, has been successfully staked. This was done through one of its decentralised apps, EverStake.
The EverStake dApp has unique features which sets it apart from any other in the blockchain space. These features include independent stake rewards, custom staking time periods and flexible withdrawals.
Each blockchain that that EverRise token RISE is traded on will have an independent staking reward pool. On the Binance Smart Chain, buybacks will be distributed to holders staking RISE/BNB. For Ethereum, buybacks will be distributed to holders staking RISE/ETH and Buybacks on Polygon will be distributed to holders staking RISE/MATIC.
Users are allowed to choose between 12 provided time periods which ranging from 1 month to 12 months. The longer a RISE holder commits to staking, the greater portion of the staking reward pool that individual will receive. In addition to this, RISE Holders will have the option of creating multiple staking entries.
EverStake also allows its users to withdraw up to 60 per cent of their staked tokens before the end of the staking period. These withdrawals are subject to an early withdrawal fee which is distributed to the staking pool.
Withdrawals during the first half of the staking period are subject to a 25 per cent early withdrawal fee while the second half withdrawals are subject to a 10 per cent early withdrawal fee.