We’re thrilled to announce a series of groundbreaking developments that mark an exciting new chapter for NetVRk. This announcement serves as a teaser for what’s to come, with several major initiatives launching this quarter that will transform our ecosystem:
- Launch of our new marketplace (which will make sure that we have a significant inflow in our NetVRk Reserve rewards which will go to the stakers)
- Land auctions will be held exclusively in NETVR which will strongly increase the Token Utility as well as the demand of our NETVR Token
- Integration with our soon-to-be-revealed Launchpad (stay tuned for some very exciting announcements that our community will love)
- Updated Token staking system with increased pool weight in the NetVRk Reserve
- Expanded DAO voting power for token holders
- Additional distribution mechanisms and utilities for the staking pool
The Perfect Time to Join
With the upcoming launch of our new marketplace and land auctions being conducted exclusively in NETVR tokens, now is the ideal time to accumulate NETVR. These tokens will be essential for participating in the upcoming land auctions and accessing the full benefits of our enhanced staking system. We’ll be sharing more details about these exciting developments very soon – and trust us, you won’t want to miss what’s coming.
Enhanced Staking System Overview
Building on our strong foundation, we’re introducing a powerful new feature that allows landowners to stake their NETVR tokens directly in their land plots. This innovative addition creates an even stronger synergy between land ownership and token utility, further benefiting all participants in our thriving digital universe.
While our core staking system remains unchanged, this upgrade opens up new possibilities for landowners. Now, in addition to the existing benefits of land ownership, you can amplify your influence and rewards by staking your NETVR tokens in your own land plots. This enhancement is designed to increase engagement, drive demand for both land and tokens, and ensure the long-term sustainability of our platform.
Empowering Landowners and Incentivizing Token Holders
The new staking concept introduces a groundbreaking feature: the ability to stake NETVR tokens in owned land plots. This not only provides additional rewards but also significantly boosts governance rights. Here’s how it works:
- Land Token Staking Pool: Landowners can now stake their NETVR tokens in their land plots, receiving both rewards and enhanced governance rights.
- Weighted Staking System: Staked tokens in land plots receive a boost based on land type, driving demand for both tokens and land.
Updated Weighting System for Staking:
Staked tokens in land plots boost rewards and DAO voting power based on land type:
- Mega Land (33k tokens): 2x weight = 66
- Giant Land (11k tokens): 2x weight = 22
- Large Land (5.5k tokens): 2x weight = 11
- Medium Land (2.75k tokens): 2x weight = 5.5
- Standard Land (1k tokens): 2x weight = 2
This system rewards both token and landholders, driving demand for both.
Let’s clarify with two examples:
- If you own a Medium Land, you can stake 2,750 tokens to double your staking weight.
- If you stake only 5.500 Tokens in your Giant land you would gain 50% extra pool weight
This weighted system allows landowners to increase their influence and rewards by staking tokens proportional to their land size.
Incentives to Stake:
Staking grants enhanced DAO governance rights with a 1:3 voting weight boost:
Additional benefits include:
- Boosted NetVRk Reserve rewards with full staking
- Longer staking periods further increase rewards through multipliers
Enhanced NetVRk Reserve Integration
This staking enhancement directly connects with the NetVRk Reserve, our innovative economic engine. Staked tokens receive increased pool weight in the Reserve, maximizing your potential rewards and strengthening the overall ecosystem. This integration ensures that active participants in our ecosystem receive proportionally greater benefits, creating a sustainable economic model that rewards long-term engagement.
Immediate Benefits for All
This upgrade offers immediate and tangible benefits for everyone in the NetVRk ecosystem:
- For Landowners: Your property just became even more valuable, with the potential to increase your influence in the DAO if you decide to stake your tokens together with your land.
- For Token Holders: While you’ll need to acquire land to participate in staking, this creates a clear path to enhanced governance rights and rewards.
- For the Ecosystem: This change will drive increased demand for land, token utility, and engagement, fostering a more vibrant and active community.
A Strategic Decision for Rapid Growth
Our team has carefully analyzed the potential impact of this change, and the results are clear: this upgrade is poised to catapult NetVRk’s growth to new heights. By strengthening the link between land ownership and token staking, we’re creating a powerful synergy that will attract more users, increase platform activity, and ultimately drive value for all participants.
For those who haven’t yet joined our ecosystem, this presents a unique opportunity. The combination of our enhanced staking system, upcoming marketplace launch, and exclusive NETVR-based land auctions creates a compelling case for early participation.
Join us in embracing this new era of NetVRk. Together, let’s continue to grow and make NetVRk the ultimate destination in the metaverse!
Note: As with all significant ecosystem changes, this enhancement may be subject to DAO approval, ensuring our community has a voice in shaping NetVRk’s future. We’re presenting this concept to gather community feedback and ensure alignment with our collective vision.
