Staking is an important utility feature of the Gooodfellas NFT ecosystem. Holders can earn credits and $BNB by staking. Get all the details in this story!
Gooodfellas is getting in on the trend of staking for Non-Fungible Tokens (NFTs), amid the broader narrative of projects increasingly adding utility to their NFTs.
GooodFellas is a new platform on the BNB Chain that has plans to launch six unique collections and bring value to holders through staking, among other utilities.
Staked NFTs can earn passive yields, similar to Decentralized Finance (DeFi).
It's live!!
In just under an hour we have over 20% of the overall #Gooodfellas collection staked.
Have you staked yours? The GOOOD will start being distributed to those who have staked early on 🚀#BNBChainNFTs #Binance #mfertoads #MINTPASS #Binions https://t.co/2VSEc1ETWF pic.twitter.com/HohENSltNq
Staking for Goodfellas NFT went live on Sept. 23. Gooodfellas NFT holders can stake their NFTs to earn GOOOD credits and $BNB.
In a Medium article, Goodfellas announced that staking will be rolled out in three phases:
Phase I: Begin staking to earn GOOOD credits.
Phase II: Launch of the staking rewards center, where Holders can redeem their GOOOD credits for a variety of incentives. Learn more about the incentives here.
Phase III: Launch of GooodAI & BNB rewards pool. Goood AI is available to users who stake NFTs from the Gooodfellas NFT collection. As a holder, you can generate as many images as you like. Then you can mint your creation for a fee. The fee distribution will be as follows:
The total supply of GOOOD is fixed at 1 billion tokens.
The more NFTs you stake and the longer you stake them, the more you'll earn from Gooodfellas NFT staking. Staking the rarest NFT in a collection will earn more GOOOD than staking the most common one.
Staking the two most common NFTs in a collection will still earn you more than the rarest one. Collection weighting and stake tiers also have an impact on your earning potential.
Depending on the collection, Gooodfellas NFT items are weighed differently.
Check out the applied Collection Weights below:
Each Gooodfellas NFT holder will fall into one of three tiers based on the number of collections you have staked. Each tier will have a GOOOD multiplier, increasing the GOOOD earning potential.
Here is a breakdown of each Staking Tier, including the requirements and GOOOD multiplier:
At the time of writing, more than 70% of all the Gooodfellas NFTs are staked:
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Buy Crypto with a bank transfer, credit or debit card, P2P exchange, and more. Not investment advice. All trading risk. Terms apply.
