5 Reasons to Stake with Prophecy on Day One
As we fast approach our launch window on 29 December 2020, we’re dropping the top 5 reasons you should consider staking on day one!
Staking (our v.1 version, our first implementation) with Prophecy will be available on day one of Uniswap launch.
When?
Prophecy will be launching on Uniswap on 29 December 2020.
We will announce a launch ‘window’ of a few hours on our Medium, website and in our Telegram group.
Here are just five (of many) reasons you should stake your $PRY tokens on day one!
1) It provides IMMEDIATE utility to the $PRY token
So many projects, tokens, and coins launch on Uniswap with nothing more than a roadmap and a promise for utility down the timeline.
We don’t believe in that. We’re all about action, and fast action.
That’s why we’re launching v.1 of our Staking on day one, the day of Uniswap launch.
This provides immediate utility to the $PRY token, while also giving our supporters a way to earn a great APR % on their stake over the period of the most important token velocity. It’s a no-brainer!
2. v.1 Staking with Prophecy offers great rewards
What better way to kick off a product launch on day one than with incredible rewards?!
That’s what Prophecy is doing with v.1 Staking – day one deserves higher-than-normal rewards for those who decide to support us early, so we’re offering a jaw-dropping 20% APR for a relatively short duration stake.
Why is that cool? Well, the first few months for a token are usually the most active, reaching higher token velocity, which is great news if you’re receiving bonus tokens for your work.
With Prophecy, we also have a staggered, semi-gradual approach to our product rollout. Staking day one, then every 2–4 weeks an entirely new product hitting the platform, offering continual volume and interest over a number of months. End to end. Nonstop!
That’s what v.1 Staking with Prophecy offers: 20% APR on your input during the time of most token volume, during the time of product rollout and massive marketing.
3. Limited space, limited participants, limited time
V.1 Staking with Prophecy, as it is our first rendition of the product, will offer the highest rewards for our staking until v.2 rolls out in 2021.
To balance this out, this first staking pool will be limited in the total amount of tokens that can be entered, and there will be a staking cap per participant for the amount of tokens they can input.
The minimum entry is also incredibly low value to allow as many people as possible to stake immediately on day one. We love the small guys and the big ones, so everyone gets to sit at the table with Prophecy.
Once the staking pool is full, it’s closed for good – no more entrants!
If it fills in record time, we may open a second pool, but the rewards for this pool will be smaller than the first, so act fast if you want the best staking rewards!
4. It’s easy, quick, and no-effort gains!
Those who have staked tokens before know it is one of the most effortless ways to increase your token holding over a period of time. You just input your tokens (your stake) and that’s it!
Over time (3 months, for our Day One bonus pool) you will accumulate 20% APR on your stake. Nothing less, no hidden activity half way through, it just sits there and works it’s magic.
At the end of the stake duration, you simply remove your stake and you’ll have your bonus tokens right there to use how you want!
By the end of the stake, we’ll have a whole product rollout already launched – so your shiny, newly-earned tokens will have endless possibilities to gain even more.
5. It helps the project value instantly
Staking rewards both the participant, the staker, and the project – Prophecy.
Why? Well, the staker receives bonus tokens for very little, maintenance-less work, which is obviously a massive positive. But it also locks circulating tokens out of circulation, sort of like a temporary, impermanent burn of those tokens, as they can’t be bought or sold for the stake duration. This provides additional stability to the value of $PRY, which is incredible to do day one!
The more tokens staked, the more temporarily out of active circulation, and the more stable the token value remains. It’s a win/ win for everyone involved.
At any point you can unstake your initial input (though the earlier you unstake, the less rewards on top of your initial stake you receive).
That’s day one staking with Prophecy, v.1, and we can’t wait for you to enter. It’s super limited, so make sure you join ASAP on launch day, and we can’t wait to see you there!
Launch is only a few days out as of writing this (29 December 2020) so make sure you join our Telegram and socials (below!) and feel free to ask the team any questions. Catch you soon!
