MOVE Staking Rewards
Starting on the 09th of April 2023, 100% of all trading fees are distributed to iMOVE holders.
Collected fees will be used to buy $MOVE and distribute them to iMOVE holders. This currently represents over $2M in trading volume over 4 months. iMOVE stands for vote escrowed $MOVE, they are $MOVE vote locked in the BlueMove DAO.
In addition to receiving $MOVE from transaction fees, when you stake $MOVE you will also receive a certain amount of $MOVE corresponding to the time and number of $MOVE you lock.
You can also lock $MOVE to obtain a boost on your listing/trading rewards.
Once you know how much and how long you wish to lock for, visit the following page: https://bluemove.net/rewards/staking-move
Enter the amount you want to lock and select your expiry. Remember locking is not reversible. The amount of iMOVE received will depend on how much and how long you vote for.
iMOVE cannot be transferred. The only way to obtain iMOVE is by locking MOVE. The maximum lock time is one year. One MOVE locked for one month provides an initial balance of one iMOVE.
A user’s iMOVE balance decays linearly as the remaining time until the MOVE unlock decreases. For example, a balance of 4000 MOVE locked for three months provides the same amount of iMOVE as 2000 MOVE locked for six months, or 1000 MOVE locked for one year.
In case you don't want your MOVE locked for a certain period of time, you can also stake MOVE to receive NFTs from BlueMove partners.
- The minimum number of $MOVE required to participate in staking is 1000.
- The stake amount must be in multiples of 1000.
- For every 1000 $MOVE staked for 30 consecutive days, you will have a chance to randomly receive any one NFT.
- If you withdraw your MOVE before the 30 days are up, you will not receive any rewards.
- Staking must take place continuously. If there is a withdrawal, the time will reset to 0.
Last modified 7d ago