Staking Pool 1 allows you to stake one or more Inhabitants Identity NFTs (Core or Generative) for a period of six months (you do not need to stake for the full duration), ending June 5, 2022. You will receive POW tokens as a reward for staking your Inhabitants Identities. Rewards are fixed per block, per NFT staked. The reward distribution rate may be adjusted to distribute all rewards in the pool’s designated time period.

POW will be a critical currency of Pixel Vault’s Inhabitants Universe gaming platform. The total amount of POW tokens is 1,000,000,000 (1 billion). During this staking period (ending June 5, 2022), the amount of tokens reserved for distribution among PIP stakers is 20% (or 200,000,000 tokens).

Once the cooldown period is over, anyone staking their Inhabitants Identities may choose to claim their rewards and create a pool for POW tokens to begin trading.

Unstaking of your Inhabitants Identity NFT and/or claiming of your POW token rewards are subject to a 30-day cooldown period, which is automatically activated when the NFT is deposited. Once the 30 days elapse, you will be able to unstake your NFT and/or claim your rewards. If unstaking by June 4, 2022, all your remaining rewards will be automatically claimed in the same transaction, transferring both your original NFT and the reward tokens to your wallet. If unstaking as of (or after) June 5, 2022 4-5pm ET, the unstaking process will require that you claim your rewards first and unstake your NFT(s) second, resulting in two separate transactions. Please use this dashboard to unstake your NFT(s). Interacting directly with the contract is highly discouraged as it may result in lost reward tokens.

Staking your Inhabitants Identity (aka PIPs) does not affect its consideration for Pixel Vault giveaways (if any). By beginning the staking process, you are locking your Inhabitants Identity NFT in the staking contract for 30 days, after which you may choose to unstake. While staking, your Inhabitants Identity NFT will not be available for trading.

Once you unstake, your exact NFT will be returned to your wallet (same Token ID), at which point you may trade in secondary markets as usual if you wish to do so.

You will not be able to transfer or sell your Inhabitants Identity NFT while it is staked. Your Inhabitants Identity NFT will also be locked in the staking contract for 30 days before you are able to unstake. Crypto and NFT prices can be volatile. Please take the time to make an informed decision. No guarantees are made about the security of the staking contract and Pixel Vault is not liable for any losses due to exploit or otherwise. Our smart contracts have been audited by Hacken Cybersecurity Services: Audit Report