Introducing locked $BULL tokens staking with up to 100% APY

Published in

Bullieverse

5 min readMar 2, 2022

Stake Your Locked BULL Tokens To Earn Token Rewards

TL;DR:
Bullieverse is introducing staking to all $BULL token holders who participated in IGO/IDO from RedKite, GameFi, Seedify, Infinite Launch and Bullieverse.com. Stake your locked $BULL tokens and earn staking rewards up to 100% p.a. By staking your $PBULL (collateralized) tokens you are helping to launch new token economies and in return earn reward benefits from the newly minted tokens in the Bullieverse ecosystem.

Dear Bullievers,

Bullieverse takes immense pride in introducing our unique staking program for locked $BULL tokens. Locked tokens include vested tokens and tokens yet to be unlocked before TGE (Token Generation Event) and are open to all $BULL token holders who participated in IGO/IDO from RedKite, GameFi, Seedify, Infinite Launch and Bullieverse.com.

Users participating in this program will be entitled to stake part of their total allocation, or all on an FCFS basis until all pools are filled.

🚨 Official Link to Participate — https://token.bullieverse.com/
🗓 Going Live on 3 March, 1:00 PM UTC

In this 1st Phase, we are introducing 3 staking pools with 2 Million $BULL tokens available for rewards:

Pool 1– 40% APY for 3 Months
Pool 2– 60% APY for 6 Months
Pool 3– 100% APY for 12 Months

Please note: By staking you commit your vested stake for a number of months in which you choose to stake your locked $BULL tokens.

How do we achieve this?

Users who participated in IGO or IDO have been Airdropped $PBULL tokens, which represent 100% collateral for their original share of $BULL tokens. i.e if you bought $500 worth of $BULL tokens on any launchpad you get an equal amount of $PBULL tokens.

Understanding Locked Tokens

$PBULL tokens can’t be traded, and only represent changes in your unlock duration as per the vesting schedule of Public Sale i.e. 20% release on TGE and linear release over 3 months. Locked tokens reflect the value of your yet-to-be-unlocked BULL tokens, which you claim later according to the vesting schedule.

Token lockup is employed as a preventative technique to ensure that the value of a digital asset remains steady over time. Besides, the lockup time also helps to boost the value of the tokens so that they will still have value at the end of the lock period.

By staking your $PBULL (collateralized) tokens you are helping to launch new token economies and in return earn reward benefits from the newly minted $BULL tokens in the Bullieverse ecosystem.

Locked Tokens Staking Benefits

The staking of locked tokens allows you to earn rewards
It allows you to produce additional revenue from your stake assets for a specific time.
The staking option is attractive for investors because of its accessibility and simplicity
The longer the staking duration, the greater the token interest.

Prerequisites of Staking Locked Tokens

Before you start staking, ensure you connect your wallet and change the default network to Polygon.
For staking, you can use MetaMask or any WalletConnect-compatible wallets. In this guide, we will use the step-by-step instructions for MetaMask.
If you do not have the Polygon network added to your MetaMask wallet, you can follow the detailed instructions below to add it in no time —

https://docs.polygon.technology/docs/develop/metamask/config-polygon-on-metamask

Illustration :

User A has 10000 Locked Tokens (20% released on TGE and 80% vested daily for the next 3 months)

User A staked 50% of Tokens for 1yr

On TGE day :

1000 Tokens will be released which is 20% of the remaining 50% unstaked tokens and the rest daily for the next 3 months

After 1yr Staking period is done:

The remaining 50% with 100% interest will be unlocked. i.e double the tokens (10000 Tokens)

How to stake locked $BULL tokens

After connecting to the Polygon network you should see 2 tokens BULL & PBULL or add manually:

Official Smart Contract Address
$BULL (Original token)
Add ress— 0x9f95e17b2668afe01f8fbd157068b0a4405cc08d
$PBULL (Vesting token)
Address — 0xd3b8bc1e958f5a3a4938eee8313a7d9d72b091a6

(The value of PBULL might be different for everyone based on the invested share)

Go to https://token.bullieverse.com/.
On the webpage, click the Connect button.
In the pop-up window, click MetaMask.

Connecting MetaMask

IMPORTANT: Before staking, make sure you have changed your default network to Polygon in your wallet when connecting it.

In the opened MetaMask window, click the Next button.

Connecting with MetaMask

Click the Connect button.

Connecting to an account

Once the wallet is connected, select the staking period and click the Stake button on the webpage.

Please Note: The staking of locked BULL tokens is available for the following estimated returns:

Pool 1–40% APY for 3 Months
Pool 2–60% APY for 6 Months
Pool 3–100% APY for 12 Months

Tip. The more you stake, the higher interest you earn. We recommend you stake the total amount of locked BULL tokens for you to get the highest interest on your deposit.

Choosing the staking period

In the “Stake funds” dialog window, (1) specify the number of BULL tokens you want to stake, and (2) click the Stake button.

IMPORTANT: Before staking, make sure you have enough funds in your wallet to make a stake (to pay a transaction fee).

To confirm the operation, in your MetaMask wallet, click the Confirm button.
In the Confirm Stake dialog window, click the Confirm Stake button.
To approve the operation, in your MetaMask wallet, click the Confirm button.

Confirming the stake in MetaMask

Wait for the transaction to be completed.

Congratulations! You have successfully staked your locked BULL tokens.

Tip. Click the Make New Stake button and follow the same process if you want to stake more locked BULL tokens.

About Bullieverse

Bullieverse is an Open Metaverse developed for the community of players and creators. It is built for the Web 3.0 citizen to have an immersive environment. As a result, gamers enjoy an out-of-the-world experience combined with a transparent and fair monetization mechanism that underpins our play-and-earn economy. Furthermore, it is powered by an easy-to-build ‘low code’ platform for community members creating and publishing games. The result is a content-rich gaming platform, where users come to both Play2Earn and Create2Earn, but more importantly, to experience it.

🐂🏝️ Join Bullieverse Social Channels: