Next-generation crowdfunding protocol Polinate has rolled out a staking initiative for its token holders. Polinate’s native token POLI will be power staking functionality on the platform amongst other use cases such as governance, funding of projects. In August, Polinate successfully raised $1.25 million from several investors for empowering creatives through its platform. The fundraise witnessed participation from notable investors like SL2 Capital, Girnas Capital, AU21 Capital, Moonshots.
Polinate’s Social Hive Club will adopt a creative reward mechanism to allow users to earn rewards on their stakes. Polinate is proposing a reward mechanism that is different from the common ones obtainable in the DeFi space where users receive rewards in the form of APY. This will allow users to receive unique but unexpected rewards.
Polinate Divides Staking Program into Tiers
The staking program is divided into tiers with each tier featuring different benefits. These tiers include Bronze, Silver, Gold, Platinum and Diamond. Rewards vary from NFT drops, signed memorabilia to ticket drops and access to VIP events.
At the Bronze tier, the minimum number of tokens users have to hold is 10,000 POLI. The reward users get for staking that amount of Polinate’s native token is NFT drops, which are randomly distributed throughout the month. The NFT drops are either the works of creatives on the platform or Polinate partners in the NFT space.
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 this tier also have the privilege of accessing some of the advisors that Polinate has brought on board.
Users on the Gold tier are required to stake 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.
Platinum Tier Users to Hold 100,000 POLI on Platinum Tier, Rewards Include NFT Drops, Signed Memorabilia and Others
Platinum Users of 100,000 POLI or more 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 and benefits at the Diamond tier.