Staking

Staking serves as a critical security measure for NFT Bridges, requiring participants to lock up an equivalent value of the proposed mint to safeguard against malicious actors. This mechanism naturally constrains the circulating supply. As more users engage with the protocol, transaction fees accumulate, thereby amplifying collectors’ earnings and enhancing the attractiveness of staking Teleport tokens. Given that a significant portion of the total supply is anticipated to be staked, sell pressure will consequently be minimized. With a fixed supply cap, increased network activity will substantially amplify token demand.

Key benefits of staking Teleport tokens include:

• Eligibility to join the NFT Bridges validators network, with Teleport tokens as rewards for services rendered.

• Reduced bridge and subscription fees.

• Augmented voting power, directly proportional to the quantity of staked tokens, enabling more effective governance.

• A competitive edge through priority access to task completion.

• Exclusive whitelist slots for receiving airdrops from affiliated projects.

Staking Teleport tokens offers a multifaceted rewards system, comprising Multiplier Points, additional Teleport tokens, and a share in protocol fees.

• Multiplier Points: Staking Teleport yields Multiplier Points at a fixed 100% APR, designed to encourage long-term commitment. These points can be leveraged to amplify the APR of staking rewards. The higher the accumulation of Multiplier Points, the more substantial the boost in returns.

• Vesting for Additional Teleport : Stakers who opt for a one-year vesting period earn extra Teleport tokens. The reward is directly proportional to the number of tokens staked during this period. Protocol Fee Sharing: Staked tokens qualify for a share in protocol fees, allowing stakers to receive 30% of these fees in Teleport tokens.

• Early Unstaking Penalties: Withdrawing Teleport tokens before the designated staking term incurs a penalty, the specifics of which are determined at the time of staking based on factors such as remaining duration and the amount being unstaked. For tokens vested to earn additional Teleport , withdrawal before one year forfeits the extra rewards.

Note: The above parameters are subject to modification through the protocol’s governance mechanism and community voting.