NFTGamingStars, a blockchain-based play-to-earn (P2E) non-fungible token gaming giant, has announced an increase of up to 60% APY earnings to all participants staking their GS1 tokens on its decentralized finance trading platform.
The latest crypto development appears as the global financial market continues thriving to become the virtual world of possibility where anything is possible, including the staking of 60% APY on NFTGamingStars.
GS1 Staking Explained
Staking is described as the procedure through which participants or groups choose to hold their digital assets to attract more gains over time. NFTGamingStars is a perfect example of a decentralized trading platform, offering staking services to its users.
The NFTGamingStars will now allow participants to enjoy 60% APY gains, following successful staking of their GS1 tokens. The gaming giant requires participants willing to take their funds to connect their wallet addresses to the NFTGamingStars marketplace.
Gamers must resubmit their wallet addresses as well as the amount they want to state to determine their payouts. However, the platform features an ROI calculator to determine earnings depending on current rates. Nevertheless, experts say that all figures are subject to approximation.
Unless a gamer opts to unstake, deposited funds will be automatically gathered and re-staked back to the platform. The main benefit of staking is that it allows participants to earn more digital assets and interest rates up to 60% APY.Buy Bitcoin Now
Future Plans For NFTGamingStars
NFTGamingStars is a Binance Smart Chain gaming platform that allows participants to earn digital assets by playing non-fungible token-based games. The gaming giant expects to provide its users with exclusive video gaming content while earning GS1 tokens this year, with a series of games already on a test.
The NFTGamingStars team is working relentlessly to provide its users with at least two games every month, where they can play and earn GS1 tokens from the comfort of their homes. Moreover, the NFTGamingStars recently confirmed to burn 10 million GS1 tokens every month from March 1 to December 31, 2022.
The gaming platform promised to make a decision on whether it will continue burning its native tokens at the end of the year.