🪜Shinosuke Castle

The NFT Staking feature allows users to stake their NFTs within the ShinChan platform to earn rewards in the form of SPL tokens. This system encourages users to hold and actively stake their NFTs, rather than trading or transferring them, which supports a stable and engaged community. By staking, users contribute to the ShinChan ecosystem and, in return, receive periodic rewards that enhance their in-app experience.

Mechanics:

• Staking Process: Users can register their NFTs for staking without needing to transfer or freeze the assets. Once registered, the NFT remains in the user’s wallet but is officially recognized by the ShinChan platform as staked. This allows users to maintain full ownership and control over their NFTs while still participating in staking and earning rewards. The registration process ensures the NFT is eligible for rewards without requiring custody transfer.

• Reward System: Staked NFTs generate rewards in the form of SPL tokens, distributed at regular intervals to the user’s wallet. The reward rate may vary based on the type or rarity of the staked NFT, allowing users with higher-value assets to earn greater rewards. This feature incentivizes users to stake premium NFTs for better returns.

• Claiming Rewards: Users can claim their staking rewards periodically or allow them to accumulate until they decide to withdraw. Claimed rewards are transferred directly to the user’s wallet in SPL tokens, providing a flexible way for users to manage their earnings.

• Unstaking and NFT Return: If users wish to end their staking period, they can easily unregister their NFT from staking within the application. Once unregistered, the NFT is no longer eligible for rewards, but the user retains full access and control throughout the staking period, as it remains in their wallet.