Kalamint is a curated NFT Marketplace where you can create, sell and collect NFT’s on the Tezos Blockchain with the goal of representing art, freshness, and colour in a decentralized way. KALAM uses the FA2 token standard and is rewarded to accounts that buy, sell, and create NFTs on the Kalamint NFT Marketplace. Transactions are cheap, fast and more environmentally friendly being built on Tezos.
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- How to Stake KALAM?
- How much can I earn Staking KALAM?
- What are the requirements to stake KALAM?
- Is there any risk to Staking KALAM?
In order to stake KALAM, you need to use Crunchy, a platform that provides DeFi services and solutions on Tezos to projects who want to launch their staking incentives.
You need to go to Farms and look for the Kalam pool. Click on the green button that says ‘’Stake Now to Earn Rewards’’, select the number of tokens you want to stake, press stake, and approve the transaction.
The best wallet to stake KALAM is the Temple Wallet, which is to Tezos what Metamask is to Ethereum
Currently, your APY depends on the amount of tokens participating in the Crunchy staking pool and the current multiplier, as the team allocated 1.000.000 tokens to the Crunchy Pool. However, be fast to the stake, as the reward multiplier will decrease over time and therefore we will see a substantial decrease in reward.
Besides this fact, the staking incentive will terminate on the 31st of October of 2021. We will be sure to track any new incentive pools that open when this pools distribution comes to an end.
Besides a wallet compatible with Tezos Blockchain there is no required minimum to stake KALAM. You will only need a few XTZ in order to pay for transaction fees, interacting with the staking smart contract. This is a single transaction (~$0.04 depending on current GAS prices).
We recommend using the Temple wallet and you can use this guide on How to Buy KALAM Tokens.
Regarding KALAM we have the general risks for every staking protocol: Smart contract exploits and errors that can occur to these decentralized protocols.
Besides these, we might face token price depreciation as more tokens enter the market due to founders vesting expiration and release of new tokens through the stacking mechanism. This will not only reduce the APY as it might reduce the value of our staked tokens.