Announcement: Update staking reward

Faraland
3 min readAug 18, 2021

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Faraland focuses on “Play to earn” mechanism. NFT heroes and game-related activities have always been the main development goal of Faraland team. To ensure player rewards from game-related activities, Faraland will adjust to some of the features relating to staking, including lock options and rewards.

Beloved Faradians!

The Fara team is very happy and proud that you have supported the team from day one. Your support has contributed significantly to the current success of the project. Especially with Faraland winning Binance Smart Chain’s Top 10 Most Valuable Builders program.

Overview of some current activities

Not satisfied with the current successes, the Fara team is still trying, absorbing comments from the community and developing many new functions to further improve product quality. The Faraland project is still following the path committed by the team in the roadmap, promising an exciting August.

Gacha Machine launched on July 31 and has already attracted hundreds of thousands of spins.The market for equipment will also be released soon in August for players to easily trade the equipment recaived from the gacha. Our expedition text game is in the final stages, there will be many quests and activities happening in the game. You can earn rewards such as: items, processing materials and indispensable is the Fara token.

Faraland has also been invited by many parties to cooperate. Therefore, the reward you receive in the game will not only be Fara tokens, but also tokens from partners like $BSCS or $LIC.

Change the mechanism and rewards for staking

With Faraland, the “Play to earn” mechanism is focused on. NFT heroes and game-related activities have always been the main development goals of the Faraland team.

Based on the current situation, Faraland decided to change APR of Staking operations in September 2021.
The updated staking APR will be applied from next month on, the changes are as follows:

Because of blockchain’s decentralized mechanism, anything put on Smart Contract will apply to all. That is: This staking APR change applies to all stakers, including those who have staked since June 2021.

Similarly, tokens that have been staked in the lock pack cannot be unlocked.

For users who have staked from June 2021 to August 17, 2021, users will not be able to unlock their 3/6 months stake. However, Faraland will send users a special gift, details of the team will be announced later.

Because the Game is “play to earn”, not “stake to earn”, so the team will reduce the interest when staking to ensure the reward when playing the game for users.

With this change, only the APR rewards will change, other staking mechanics such as hero leveling will remain unchanged. In addition, mechanisms such as receiving lottery tickets have not changed.

During development, changes are needed. However, Faraland’s goal of becoming the biggest game on the blockchain will never change. Faraland has always put the user experience first when developing products. Hopefully, the above changes will not diminish your love for Faraland. Thank you and regards!

Join Faraland

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Faraland
Faraland

Written by Faraland

FARALAND is a multiplayer RPG NFT GAME that lets players own a thousand of unique NFT warriors.

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