Wall Street Games ups the ante by adding NFT Pools to the platform!
Staked Tokens for NFTs
Wall Street Games have announced (Non-Fungible Tokens) NFT staking pools, joining the growing number of decentralized finance (DeFi) projects offering GameFi. The pools will let users stake tokens and offer tiered Wall Street Games-themed NFTs as a reward.
Wall Street Games announced the NFT pool update via Twitter on July 27th. The NFT staking pools are set to officially open on Monday, August 8th at 16:00 UTC.
“Our NFT cards will not be purely cosmetic but will also have several use-cases on the platform itself!” Wall Street Games wrote in their recent Medium article, outlining the details of their new NFT update.
Wall Street Games aims to bring NFT rewards with a use-case for users who stake $WSG token long term with the platform. The recent update falls in line with other major DeFi protocols adding NFT staking and use case to their corresponding platforms. These NFTs combine gaming mechanics with decentralized finance earning mechanisms.
At the time of writing, the WSG token is trading at $0.0000001095, according to CoinMarketCap.
How Do Wall Street Games NFT Pools Work?
Wall Street Games will ask users to stake WSG tokens for a certain period and, in return, receive a Wall Street Games NFT card.
The NFTs cards will have a tiered advancement process. Users must complete and receive a level 1 card before joining the level 2 staking pool.
Shown below is the amount of money a user must put into the NFT pool and the duration of time it must be staked to receive the specific Wall Street Games NFT.
Again, a user cannot stake in a level two pool without receiving the reward for successful staking in a level 1 pool. Wall Street Games NFT cards one (Soldier) through seven (Emperor) can be claimed if the guidelines are properly followed. The cards feature different soldier types, from the lowly foot-soldier to a powerful emperor.
Wall Street Games NFTs are also attaching use cases to their NFTs. They will give the option to trade NFTs, a chance to receive awards from the Wall Street Games treasury, and the unlocking of unique avatars, titles, and special perks throughout the platform.
The ‘Wall Street’ brand is a hot one to latch onto––from the Wall Street Journal to Wall Street Bets. The name has everything from formal to meme potential.
What is Wall Street Games?
Wall Street Games is a decentralized finance platform run on Binance Smart Chain (BSC). The protocol’s focus on gamification means users come to the platform to play games built on leveraging blockchain technology.
Some games on Wall Street Games’ platform pay out users in real cryptocurrency. The play-to-earn strategy has made the protocol quite popular with DeFi users.
Wall Street Games also has the native token $WSG as a utility token. The WSG token enables users to interact and gain full access to the Wall Street Games ecosystem.
Where to Find Wall Street Games:
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.
BSC NEWS is a private news network. All posts posted by this user belong 100% to bsc.news All rights are reserved to BSC NEWS for more information about BSC NEWS contact BSC NEWS HERE.
