$FIT Staking in Detail
For staking fit, there are two rewards systems that are active. To be eligible to stake in any of the pools, for either rewards systems, you must stake a minimum of $200 USD equivalent to $FIT.
1. Raffle2. Points
The Raffle
works simply by staking in one of the three pools: Bronze, Silver, and Gold. Each pool has its own prize, which will be determined by a snapshot of the wallets that are staking in that pool, after the staking period has completed. You can un-stake, or stake, at any given time, but if you do not complete the entire staking period, you will not be eligible to win the associated prize of that pool.
For example, if you decide to stake 15 days into the staking period in the bronze pool, you will not be eligible for the prize for that month, but after 30 days of staking, will be eligible for the next prize after the first 30 day cycle has concluded. Similarly, if you un-stake 15 days into the period, you also will not be eligible for that 30 day cycle's prize.
If you are one of the winners of the raffle, you must connect your X or Telegram account to this page, so the $FIT team can get in contact with you. To do so, you will need to have your wallet connected first.
The Points
are accumulated through staking in one of the three pools: Bronze, Silver, and Gold. Each pool has a different base reward, plus an additional rewards multiplier for every USD dollar equivalent in $FIT staked, converted at the time of staking. An example of a $400 USD equivalent $FIT staking in each pool is demonstrated below:
Bronze
- $400 staked
- 0.5 points for first $200 staked = 100 points per day
- 1.1x multiplier applied for anything over $200 (meaning the additional $200)
- This means, the additional $200 gets 0.55 points per dollar = 110 additional points per day
- Brings daily total to 210 points per day
Silver
- $400 staked
- 0.75 points for first $200 staked = 150 points per day
- 1.3x multiplier applied for anything over $200 (meaning the additional $200)
- This means, the additional $200 gets 0.975 points per dollar = 195 additional points per day
- Brings daily total to 345 points per day
Gold
- $400 staked
- 1 points for first $200 staked = 200 points per day
- 2x multiplier applied for anything over $200 (meaning the additional $200)
- This means, the additional $200 gets 2 points per dollar = 400 additional points per day
- Brings daily total to 600 points per day
Points are planned to be an ever expanding system used for future reward mechanisms brought to the $FIT ecosystem. Users can stay up to date on any announcements involving FIT Points on our official X account.
