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Sales count for Heroes up 35% following introduction of staking
Mobile RPG Guild of Guardians launched a new staking program for its GOG token on Nov. 7 and saw on-chain metrics for its NFT sales soar. The coin price fell along with the rest of the cryptocurrency market. But the Guardians Guild community is showing its commitment to the game.
- Heroes’ daily transaction volume increased by 11.84%, while sales increased by 12.5%. Other collections within Guild of Guardians’ NFT scope have seen even greater growth in on-chain metrics.
- Guild of Guardians has launched a new staking program for its in-game token GOG. The staking prize pool is $5 million worth of GOG tokens. The pledge will last for six months.
- Early backers will be rewarded more, as will those who keep GOG in the Immutable X wallet and stake their tokens for the long term.
Guild of Guardians staking
Guild of Guardians is a mobile RPG based on Immutable X. They launched their staking program on November 7, and stakers have already started accruing rewards. There are various criteria that users need to meet, as well as some bonus rewards that punters should be aware of in order to maximize their earnings.
𝐆𝐎𝐆 𝐀𝐜𝐭𝐢𝐯𝐞 𝐒𝐭𝐚𝐤𝐢𝐧𝐠 𝐑𝐞𝐰𝐚𝐫𝐝 𝐂𝐥𝐚𝐫𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 & 𝐫𝐞𝐥𝐨𝐜𝐤!
Guardians, here are some important instructions and how to qualify and calculate rewards 🧵👇
— GuildOfGuardians (@GuildOfGuardian) November 4, 2022
To receive GOG staking rewards, users need to have an IMX wallet containing some GOG tokens and a rare (or higher) Guild of Guardians Hero NFT. Additionally, one of three things needs to happen during the bonus period.
First, users can increase their GOG “balance beyond the staking rewards previously received.” Second, they can use their GOG tokens to vote on governance within the Guild of Guardians ecosystem.
For the last option, which explains the sharp rise in NFT sales over the past week, users who want to earn staking rewards can “buy or sell any Guild of Guardians NFT on the secondary market’.
Guild of Guardians NFT sales explosion
Looking at Guild of Guardians’ 24-hour NFT sales, we can see that they have grown across the board. The on-chain metrics for Heroes, Pets, and Avatar series all saw an uptick.
Heroes NFTs are down slightly because holding them is one of the criteria for being rewarded with GOG tokens. Everyone was scrambling to buy and sell them last week, and we’ve seen volumes drop since then, as most people do.
Over the past 24 hours, the Pets NFT collection has increased in every metric we track. Average prices more than doubled, and transaction volumes increased by more than 183%. The number of traders and sales also increased significantly.
The same goes for the Avatars series. Again, the percentage increase is huge, but it’s important to note that the base here is very small. So despite the huge statistical increase, not much has actually changed. Interestingly, the Guardians Guild NFT trading that does not fit into one of these collectibles has dropped.
Some must-dos to increase your rewards
Here’s how you can maximize your earning potential with Guild of Guardians:
- Set up a MetaMask wallet to buy the various tokens you need for staking. For example, you need ETH to pay bridging gas fees and GOG to get staking rewards.
- Anyone who deposits tokens in IMX before November 13th will receive a double reward bonus.
- Users who stake their tokens during the first week of the program will start their staking at 12 months instead of zero days. So it’s worth getting in early.
- Your GOG must be deposited on Immutable X and you must own a Rare or higher Guild of Guardians Hero NFT to be rewarded.
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