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Totem Offers $CTZN Token Staking

January 13, 2022
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Totem, a web 3 operating system and decentralized community, unveiled the first use for the recently listed $CTZN token after a successful TGE (Token Generation Event). Staking is a way to increase $CTZN earnings by locking up a specified amount of tokens for a set length of time. Yielding will reward holders with more $CTZN.

In a statement issued on Medium, “$CTZN is the currency that will be used for energy and value exchange amongst members of our growing community. Start staking to earn more.”

Forgeable Opal Book

All 3 staking options were opened publicly on December 21, 2021 at 15:00 UTC and were open five days. During this time, staking options were divided into 3 pools: LP Pool, CTZN Pool, and Opal Pool.

In the LP pool, stakers acquire BUSD and $CTZN and stake them to receive Cake LP tokens and stake the token in the pool. Yielding rates for tokens locked for the 14 day mandatory period are 30% APY. $CTZN locked for the 60 day mandatory period will yield 100% APY.

The second pool is a single-sided $CTZN stake. If locked for the 14-day maturity period, yield will be 20% APY for a 14-day maturity period, and 70% APY when locked for a 45 day maturity period.

The third pool is the OPAL NFT staking pool. When holders stake exactly 5555 $CTZN they will yield 5% APY after a 14-day maturity period. Alternatively, a 60-day maturity period will yield a 10% APY + 1 Opal NFT forgeable for physical copy of the hardcover copy of the Opal book.

Those interested in learning more about Totem, $CTZN, or Opal are encouraged to connect via Discord or Twitter.



SOURCE: Press Advantage [Link]

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About Totem:

Totem is an operating system to forge your Web 3.0 identity and dashboard. Gain access to exclusive tools, communities, and worlds.

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Additional News Releases From Totem:

February 02, 2022CTZN Token From Totem New Earth Systems Is Now Tradeable On Coinbase

January 31, 2022Totem New Earth Systems Featured on Polkastarter

January 22, 2022Totem Hosts Weekly AMAs About Web3 and NFTs

January 13, 2022Totem Offers $CTZN Token Staking

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