Pepper Stake is a new service for the effortless creation of staking utilities within the WAX ecosystem developed by the WECAN team. This revolutionary staking system is beneficial for project owners. They get an option to raise awareness about their project by adding its token or NFTs to a staking pool or using the project token as a reward. As for the users, they have a chance to make a profit by staking unused NFTs and earning rewards.
Pepper Stake has been developed fully on the WAX blockchain. The primary goal of this project is to bring new valuable tools available to all members of the WAX ecosystem.
The developers of team WECAN already have the successful experience in creating projects with staking systems such as the revolutionary R-Planet. “We hope this new project will also help project owners to expand their community on WAX blockchain and create cool events, using Pepper Stake as a tool to reward their communities” — said Nazar Chervinskiy, CEO of WECAN.
The staking system is fully decentralized, so anyone is able to use its own UI and/or use any WAX explorer to communicate directly with the Pepper Stake smart contract. No centralized services are used to make the system work.
Anyone can create a staking system within Pepper Staking, no matter if they have their own project or not. The Staking owners should provide to the Pepper Stake system the full amount of the token needed for paying the reward and the whole amount of RAM necessary for the functioning of the Staking.
The main technical requirements for a staking token is that the token for reward and the staking token should be issued on WAX Blockchain. And technical requirements for NFTs (which can be used as staking NFTs in Pepper Staking) are only of the AtomicAssets standard (SimpleAssets are not compatible) and it can be a token or NFTs of any WAX project.
Users will be able to look over the list of available Stakings, join any of those, stake their assets, claim their reward, and unstake their assets any time. However the process of unstaking might take some time (according to the rules of this staking pool created by the owner).