💰Staking and SquadX

Staking on the SHOPX platform offers multiple benefits for $SHOPX license token holders, aligning incentives for long-term participation and ecosystem growth. Here’s how it works:

Staking Process

1. Connect Your Wallet: Go to the SHOPX staking platform and connect your wallet. Ensure you have sufficient $SHOPX and ETH for gas fees.

2. Approve Tokens: Approve the amount of $SHOPX you want to stake.

3. Stake Tokens: Confirm the staking transaction.

SquadX Ambassador Program

By staking $SHOPX, you become eligible to join the SquadX Ambassador Program. Ambassadors are rewarded in ETH for promoting and supporting the SHOPX ecosystem. Here’s how it works:

1. Stake $SHOPX: Stake your $SHOPX to receive an NFT badge granting access to the SquadX private Discord server and resources.

2. Earn ETH: 50% of the revenue from protocol minting fees is distributed to SquadX ambassadors based on their staked amount. For example, if a user staked 1% of the total supply of staked tokens, they would receive 1% of the total funds distributed to SquadX Members.

3. Promote SHOPX: Ambassadors earn rewards by participating in activities such as social media promotions, community engagement, and brand outreach. Participation is based on the honor system.

Staking Levels and Responsibilities

Staking levels determine the responsibilities of SquadX Ambassadors:

• Bronze Level (10,000 - 49,999 $SHOPX staked)

  • Tell 1 person a day about SHOPX

  • Engage with 1 social post a week about SHOPX

• Silver Level (50,000 - 99,999 $SHOPX staked)

  • Everything in Bronze Level, plus:

  • Engage with 3 social posts a week about SHOPX

  • Post something educational about SHOPX once a month

• Gold Level (100,000 - 249,999 $SHOPX staked)

  • Everything in Silver Level, plus:

  • Engage with 5 social posts a week about SHOPX

  • Tell 1 brand a week on social media about SHOPX

• Platinum Level (250,000 - 500,000 $SHOPX staked)

  • Everything in Gold Level, plus:

  • Engage with 10 social posts a week about SHOPX

  • Tell 2 brands a week on social media about SHOPX

The more tokens you stake, the more involved you will be in promoting SHOPX to the public, and the more you’ll earn from the program.

Staking $SHOPX secures the network and provides significant rewards and benefits, encouraging long-term engagement and growth within the ecosystem.