RACING, STAKING, HOLDING… WHAT SHOULD I DO WITH MY FMF1 ?
As you already know, our first NFT collection was designed not only as an artwork but also as an excellent investment product with many benefits and features. In this article,we are going to see what the best use of your FMF1 is for you.
FIRST FEATURE : STAKING
If you want to keep it simple but still enjoy juicy rewards staking is probably the best choice for you. First of all go to the ChronoSwap NFT staking page and select the FMF1 staking pool. You’ll see the list of your FMF1 NFTs. Then you simply select the NFT that you want to stake, that’s it! Please note that each NFT needs to be enabled before being staked. You can then enjoy juicy CNFT rewards for each FMF1 that you staked in the pool. You can unstake at any time! Just bear in mind that you’ll need to enable, then stake and unstake, each of your F1 separately.
As you can see, FMF1 is not the only NFT staking pool we offer on ChronoSwap. We already have other pools where you can stake our partners’ NFTs. And more will follow!
We know, staking seems brilliant, right? You don’t have to do a single thing yet you enjoy juicy rewards, patiently waiting for your NFTs to gain value. So why don’t I just stake all my NFTs, you might ask? Because if you choose staking for your NFT you’re not a holder until you unstake it. And if you’re not an FMF1 holder you can’t race or benefit from the royalties. Please also note that you cannot sell a staked NFT on Ebisu’s Bay.
SECOND FEATURE : HOLDING
Holding is even simplier than staking and yet, you can definitely get more action! To be a holder you simply need to have at least one FMF1 in your wallet (Metamask or CDC Defi Wallet for instance). Please note that when you list one of your cars to sell on Ebisu’s Bay, it stays in your wallet and so you are still a holder. Holding seems pretty simple, doesn’t it? And yet by holding you can enjoy one of the best FMF1 features: sharing the royalties! As you already know 50% of the collection royalties are shared every week with holders. A snapshot is taken randomly during the week to determine who the holders are and how many cars they’ve got. The CRO royalties shares are distributed every Monday. Here you can see an example of the first week’s distribution (please note it wasn’t a full week).
Holding your NFT will also allow you to take part in our many races and it’s maybe the most interesting and exciting of our FMF1 features!
THIRD FEATURE : RACING
Each race has its own rules but the common rule for all races is that you need a car, an FMF1 NFT car! The races are always dedicated to a token (such as CNO or CNFT) or an LP token (for example CNO/CRO LP or CNO/CNFT LP) and they usually last 3 or 4 days during which you have time to accumulate the race tokens in order to stake them. Please have a look at this post of our first FMF1 race to see the rules and the amazing prizes for winners. If the race is about CNO/CRO LP for instance, you will need to stake the most LP in our Farming Pool to win the race. Please note that the more FMF1 you hold, the more multiplier you will get in the race (see the multipliers table). The top stakers at the end of the race will win prizes, but also several random stakers as well so that every racer has the chance to win, even if they’re not whales.
Now that you know all of this racers, the hardest part is now-you need to choose !
