Staking Hub

Staking hub is a list of the most **beloved projects** as chosen by the **#CNFTCommunity**. Only collections elected by the community through the Voting System can generate Hexonium rewards. These collections and the subsequent rewards form the foundation of the in-game economy and help the player further advance and evolve to the next levels.

## CNFT Staking

Staking has increased in popularity with the rapid growth of PoS tokens. Most users are experienced with the process involved - validators receive recurring rewards equal to their locked token holdings, which are delegated to strengthen a specific blockchain.

Cardano Lands decided **to innovate the staking model** by taking its underlying mechanisms and tying them to NFT collections on the Cardano blockchain (CNFTs). By doing so we increase the underlying value of the NFT, and introduce additional utilities (in this case recurring cash flow).

## Staking

When it comes to CardanoLands, staking is the main built-in mechanism of the ecosystem, and the strongest value proposition of the game. Every member with supported NFT holdings can start their journey by **engaging in the staking process**, which offers the first rewards.

To become a member, users need to connect their wallet through NAMI or Eternl and follow a quick registration process. The Signup (Web3) process is not intrusive to personal data - we only collect the necessary information that enables users to maximize their benefits from the game.

After connecting your wallet, CardanoLands will automatically discover CNFTs linked to it, and will offer a calculation of the expected rewards. Note that the in-game staking mechanism does **NOT** take or “freeze” your CNFT through smart contracts - it only recognizes true ownership. Users can still interact with and sell their CNFTs whenever they wish to do so. The team, game, and support channels of CardanoLands will **NEVER**, under any circumstances, ask you to transfer a CNFT.

Finally, it is important to discuss how supported collection are selected. Since the platform is built in a decentralized foundation with a native token, the community has the opportunity **to vote** for supported collections **by using their $EXO tokens**. Only collections voted by the community will qualify for Hexonium (HEXO) staking rewards. This further strengthens the in-game economy and adds to a healthy token distribution among qualified investors.

> ***NB!** In order to receive staking rewards, CNFT Collection must get enough votes to get into the top 10 leaderboard or even the High League (250 000 votes).*
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## Rules

* Users can earn Hexonium tokens by staking qualified CNFTs (holding them in their linked wallet).
* Daily rewards can be claimed only after qualified CNFTs are held at least **24h in the wallet**.
* To claim the daily rewards, visitors have to create an account on the Cardano Lands platform and connect their wallet. More information on the claiming process is described below.
* To be able to accumulate rewards, the **user must log in once a month**. If the user has not logged into the platform within **the last 30 days**, the reward for each subsequent day will be halted.
* Users that transfer their CNFT to another wallet or smart contract will be unable to claim their Hexonium tokens, as the remaining balance of the former wallet will be burned automatically.
* 3rd Marketplace wallets and other wallet, that do not hold NFTs as their OWN property or wallets that was made for “burning” purposes can be excluded from gaining rewards by Cardano Lands Team decision.

## Mining Power Calculation

The amount of Hexonium that is distributed daily is tied to the ratio between collection supply and amount of holders. This amount is called - “Mining Power”. The mining power of a collection is increased parallel to the number of unique holders. Distributed rewards range from **0.1** up to (n) **Hexonium per day**. The following formula explains the calculation process for the mining power of each CNFT collection:

```
X = Const(10 000) / Supply
MP(NFT) = X * Holders / Const (1000)
MP (Collection) = MP (NFT) * Supply

```

Definitions:

* Const() = Constant value (can be changed later by council decision)
* Supply = Collection supply by policy ID
* Holders = Collection holders amount by policy ID
* MP(NFT) = Mining Power per single NFT
* MP(Collection) = Mining Power that all NFTs from a Collection can generate (by Policy ID)
* MP(Project) = Summary Mining Power of 1 Project, includes all policies if they have more than one.

## Claiming Process

Before being able to claim rewards, users need to have received at least 100 Hexonium tokens. When making a claim, you will need to hold at least 5 ADA in your wallet. **2 ADA is sent to the Metalab Prize Pool** and another 3 ADA is required for the confirmation of the user’s address. When the transaction is confirmed in the blockchain, users receive their Hexonium and ~2.8 ADA back to their wallet.

## Limits

There is a limit on the amount of HEXO received by one user per day. **The base limit is 250 HEXO** per day. This means that the user cannot receive more HEXO per day, but can continue to accumulate it.

The user can increase his daily HEXO limit by performing activities on the platform or by owning certain nft. Some achievements raise the user limit permanently - read more here

## Supported Collections

You can find supported CNFT collections [HERE]. All initial applicants have to pass a thorough moderation process to determine their eligibility, avoid system exploits and limit negative experiences. CNFT project owners that are interested in a partnership with Cardano Lands may contact the team directly through Discord.