- What is Soft Staking?
- Creating a Soft Staking Pool:
- Configure your Soft Staking Pool:
- Token Soft Staking Pool:
- To set up a Pure NFT Soft Staking Pool:
- To set up a Fractionalized Token Airdrop:
Hover over Create, then click on the New Project Tab from the Top Menu to access the Create New Project page.
This is the section where you can add your very own Airdrop or Soft Staking Pool.
What is Soft Staking? #
“Soft Staking” is a SAFE way to stake your items without ever having them leave your custody. You keep your “Staked” items in your own wallet. You can list trade or transfer them at any time since YOU have control over them, not us.
The user will “opt-in” to the Soft Staking pool which will allow us to view if they hold any of the items that can be staked. Once “opted-in” the user will start to get rewards based on the amount of the “Staked” item(s) they hold at the time the rewards are distributed.
Creating a Soft Staking Pool: #
Add Project Info: #
Adding your e-mail is required so we can keep you informed of when your soft staking pool subscription needs to be extended or to let you know it’s time to “top up” the rewards, as well as claim any uncollected rewards at the end of your Soft Staking Pools run. Your e-mail is not shown or shared. It is only used for our system to send you notifications.
Project Name
This will show as the Project name on the site.
Project Description
This is where you get your message out! Use this space to sell your project! Let people know what it’s all about! What’s the future vision? Why would anyone want to join your community?
Add your Project Banner/Image: #
Project Banner
Select the image you want displayed with your airdrop. Use this image to draw attention, or give people some info about your project, people tend to look at and read images more than just text, so use that to your advantage!
The project Banner should be in a ratio of 6:4 meaning a good image size would be 600px X 400px, or 720px X 480px, be sure to “save for web” to have your image load fast.
Select the image from your computer that you would like shown
If the image is the correct size it will perfectly fit in the above box and will touch all outer edges.
This would NOT be correct, please select an item of the correct size that touches all sides.
This would also NOT be correct, please select an item of the correct size that touches all sides.
This would also NOT be correct, please select an item of the correct size that touches all sides.
This is how your uploaded image should look before you proceed.
Add Project and Social Links: #
Project links: Here you will need to add some links to your project listing.
Add a link to your project website
You will need to add at least one other social link as well. This could be your X Account, Discord Server, YouTube Channel or Project Telegram, if you have them all, add them all. Any not entered will not be shown.
Click each social icon to add the links for any you wish to use.
Remember you will need to add your Project Website and AT LEAST 1 additional Social Link to proceed.
AGAIN, You MUST have a link in the Project Website box and AT LEAST 1 additional Social Link to proceed.
Configure your Soft Staking Pool: #
Click the Carrot (\/) to open the pool configuration.
Soft Staking Pool Configuration:
In this section you can configure what users should hold to earn your rewards.
Select item to be held for rewards:
We allow you to pick what will need to be held for the user to be eligible to receive your airdrops.
Token: This can be a standard coin type token, or a NFT type token with supply larger than 1, or an LP token.
Pure NFTs: This is unique NFTs all with a supply of 1, and all with unique ASA ID’s (a collection of nfts)
Fractionalized Token: This is a token or NFT with a supply of 1, but had been fractionalized in to many smaller amounts.
We will take a look at each option below.
Token Soft Staking Pool: #
What should they hold to get rewarded? #
Enter the ASA ID of the asset the user should hold to get rewarded.
This can be a Token, OR an LP token, just enter the “ASA ID” of whatever the user needs to hold to get rewards.
Once you enter The ASA ID in to the “Stake ASA ID” field, the name of the ASA will show above the box, make sure this is what you intended so you know you have the right ID
If you are wanting the user to hold an “LP Token” to get rewards, enter the ASA ID of the pool token and (TMPOOL2) will show.
Pro Tip: #
Be careful not to enter the ASA ID, then use an arrow up or down while that cell is selected, as it could change the ASA ID (double check that the correct token is shown before submitting.)
Set Reward: #
What is the reward for holding the above asset?
Reward ASA ID: Enter the “ASA ID” of the token. Once entered the name of the token should show above the field as well in the calculator at the bottom, so you are able to confirm you entered the correct “ASA ID“.
Determine your rewards: #
When trying to decide what you should give as rewards…
The MAIN thing to remember is…
We calculate rewards based on 1 of the staked token held.
If you want to reward the same token that the user is required to hold…
You are setting rewards on each 1 held
Most likely you would be rewarding a fraction of 1 token, per token held.
This can be done as long as you have enough decimals in your token
To calculate % rewards
1/365th of 1 is 0.002739726027397
A reward of 0.002739726027397 per day would be a 100% APR return as each 1 held would earn 1 additional at the end of 365 rewards.
Depending on how many decimals your token has, this may or may not be possible.
You may want to consider a Weekly or Monthly reward to be able to achieve the desired rewards.
Another option is to reward a different token, which is also a wonderful way to colaborate with other projects and grow your user base.
Pick your reward frequency: #
Select the interval of your rewards: The reward options are sending a Daily reward, Weekly reward or Monthly reward.
Set reward amount: #
How much is the Reward: This is how many of your tokens the user will be rewarded PER 1 of the staked ASA’s held, each reward period.
Set Reward Initial Rewards Pool: #
Initial Payouts?: How many payouts do you want to pre-fund. Think about how many holders you have when setting this up… as an example, If you have 100 holders that are opted-in to receive rewards from this soft pool, entering 200 as the initial payouts means the soft pool can handle two distribution rounds — as long as 1) the reward pool can accommodate the reward amount to be distributed and 2) you don’t gain any new holders. If either of these things do happen, you will be asked to make a “top-up” before more distributions can take place. Basically you can take your number of users, and decide how many payouts they should get, add a few more in case you gain new holders. This will be a good way to start, you can always return and add more rewards to the pool at any time. 1 algo will fund 1,000 payouts, so if you want to fund 10,000 payouts, this would cost 10 algo.
Initial Rewards Pool?:
The reward pool is simply where rewards are sent out from. Therefore, depending on the reward amount per token that a holder is due, the amount sent out to each holder can vary, that’s why a large reward pool is necessary to ensure smooth flow of rewards. How much would you like to fund the pool with before your next top-up?
Pick your Subscription length: #
Keep in mind, we offer a discount for longer subscriptions to make it easier on you to set up your airdrop and have no need to worry about it for the specified time frame.
Your pool will only be active for the desired subscription length, while the pools can be “topped up” the subscription length can’t be added to, once it expires, you will need to start a new soft pool with a new subscription length.
Fee’s calculator: #
Subscription Fee: This is our platform charge to run your promotion
5% Airdrop ASA Fee (To VIPs, and the VR Vault): A 5% fee is charged of the total of your rewards, we use this 5% to cover VIP’s bonus 5% drops, and any remaining not awarded are added to the Vault for VIP’s to try and win.
Opt-in Fee: if needed this is what it will cost the platform wallet to opt-in and hold the assets to be rewarded
Flat Platform Fee: 1 ALGO (this is a standard one time platform fee for all pools)
Asset Transfer Transaction Fee:: It costs .001a to send each reward, we collect this from the creator of the pool to cover sending the rewards.
Total Pool Reward Base: This is the Total amount of rewards being added to the pool + 5% for VIP rewards.
Total ALGO Fee Amount Due: This is the Total amount of Daily listing fees + Transaction fees + Platform Fee
Total Airdrop Reward Amount Due: This is the total of the reward tokens + 5% ASA Airdrop fee.
Once everything looks perfect, it’s time to click Submit
Submit: #
You will see a pop-up asking you to make sure everything is correct.
Sign and send: #
Once Confirmed, a new pop-up window will come up with the details of what you need to sign and send to start your new Soft Staking Pool.
Sign Each Transaction in your wallet and once completed you will see that you have successfully set up your new Soft Staking Pool Project.
Success! #
You have successfully set up your Token based Soft Staking pool!
To set up a Pure NFT Soft Staking Pool: #
This will allow you to send rewards to anyone holding an NFT from a stated collection.
Add eligible NFT’s to reward: #
—Search by Connected Wallet: #
If you select to search the connected account for NFT’s.
Only the NFT’s created by this wallet (held or not held) will be shown.
Enter the collection name, this will show on the site listing.
You can use this box to enter search terms to narrow down what you are looking for in your wallet
If you would like to exclude anything from your search results you can enter ASA’s seperated by a comma.
Select NFT’s eligible for rewards: #
Selecting Entire collection, will select everything in the wallet, you can click on an item to deselect it, which will change the highlighted selection box above to “Select Pieces“, you can also start with this option and just click on the items to reward one by one. If you need to start over, click “Clear Selection“.
You can also start with “Select Pieces” and just select the ones you would like included by clicking on each one you want to receive rewards.
Click “Clear Selection” to start over.
—Search by Creator Wallet: #
If you are looking to send rewards for a Collection that wasn’t created by your connected wallet, click NO. This will open a box to enter the creator address or NFD of the collection you want to reward.
Enter the creator address or NFD, and the name of the collection which will show on the site.
The NFT’s from that collection will load below.
Select NFT’s eligible for rewards: #
If you want to include everything created by this creator wallet you can click “Entire Collection“. All NFTs will be selected for you.
If entire collection is selected, this will auto-select everything in the wallet, you can deselect any by clicking on them one by one, this will move the selection to “Select Pieces“.
You can also start with “Select Pieces” and just select the ones you would like included by clicking on each one you want to receive rewards.
Click “Clear Selection” to start over.
Set Reward: #
What is the reward for holding the above asset?
Reward ASA ID: Enter the “ASA ID” of the token. Once entered the name of the token should show above the field as well in the calculator at the bottom, so you are able to confirm you entered the correct “ASA ID“.
Determine your rewards: #
When trying to decide what you should give as rewards…
The MAIN Thing to remember is…
We calculate rewards based on 1 of the staked token held.
If you want to reward the same token that the user is required to hold…
You are setting rewards on each 1 held
Most likely you would be rewarding a fraction of 1 token, per token held.
This can be done as long as you have enough decimals in your token
To calculate % rewards
1/365th of 1 is 0.002739726027397
A reward of 0.002739726027397 per day would be a 100% return as each 1 held would earn 1 additional at the end of 365 rewards.
Depending on how many decimals your token has, this may or may not be possible.
You may want to consider a Weekly or Monthly reward to be able to achieve the desired rewards.
Another option is to reward a different token, which is also a wonderful way to colaborate with other projects and grow your user base.
Pick your reward frequency: #
Select the interval of your rewards: The reward options are sending a Daily reward, Weekly reward or Monthly reward.
Set reward amount: #
How much is the Reward: This is how many of your tokens the user will be rewarded PER 1 of the staked ASA’s held each reward period.
Set Reward Initial Rewards Pool: #
Initial Payouts?: How many payouts do you want to pre-fund. Think about how many holders you have when setting this up… as an example, If you have 100 holders that are opted-in to receive rewards from this soft pool, entering 200 as the initial payouts means the soft pool can handle two distribution rounds — as long as 1) the reward pool can accommodate the reward amount to be distributed and 2) you don’t gain any new holders. If either of these things do happen, you will be asked to make a “top-up” before more distributions can take place. Basically you can take your number of users, and decide how many payouts they should get, add a few more in case you gain new holders. This will be a good way to start, you can always return and add more rewards to the pool at any time.
Initial Rewards Pool?: The reward pool is simply where rewards are sent out from. Therefore, depending on the reward amount per token that a holder is due, the amount sent out to each holder can vary, that’s why a large reward pool is necessary to ensure smooth flow of rewards. How much would you like to fund the pool with before your next top-up?
Pick your Subscription length: #
Keep in mind, we offer a discount for longer subscriptions to make it easier on you to set up your airdrop and have no need to worry about it for the specified time frame.
Fee’s calculator: #
Subscription Fee: This is our platform charge to run your promotion
5% Airdrop ASA Fee (To VIPs, and the VR Vault): A 5% fee is charged of the total of your rewards, we use this 5% to cover VIP’s bonus 5% drops, and any remaining not awarded are added to the Vault for VIP’s to try and win.
Opt-in Fee: if needed this is what it will cost the platform wallet to opt-in and hold the assets to be rewarded
Flat Platform Fee: 1 ALGO (this is a standard one time platform fee for all pools)
Asset Transfer Transaction Fee:: It costs .001a to send each reward, we collect this from the creator of the pool to cover sending the rewards.
Total Pool Reward Base: This is the Total amount of rewards being added to the pool + 5% for VIP rewards.
Total ALGO Fee Amount Due: This is the Total amount of Daily listing fees + Transaction fees + Platform Fee
Total Airdrop Reward Amount Due: This is the total of the reward tokens + 5% ASA Airdrop fee.
Once everything looks perfect, it’s time to click Submit
Submit: #
You will see a pop-up asking you to make sure everything is correct.
Sign and send: #
Once Confirmed, a new pop-up window will come up with the details of what you need to sign and send to start your new Soft Staking Pool.
Sign Each Transaction in your wallet and once completed you will see that you have successfully set up your new Soft Staking Pool Project.
Success! #
You have now set up your new NFT Soft Staking pool!
*Collection not Fully minted? #
If you are wanting to reward a collection that is still growing and not fully minted, keep in mind you can only set rewards for items that are minted at the time your pool is set up.
We recommend starting with a 1 month subscription, then at the end of that subscription, create a new pool to include any newly minted NFT’s in the new months subscription.
Once the collection is fully minted you can then create a new pool with a longer subscription time.
To set up a Fractionalized Token Airdrop: #
Fractionalized Token: This is a token or NFT with a supply of 1, but had been fractionalized in to many smaller amounts.
Setup: #
Set up would remain the same, you would just give out much smaller “fractionalized” rewards if the rewards are to be the same as what’s held. Most in this category will want reward users holding this type of token with different reward token.
Set Reward: #
What is the reward for holding the above asset?
Reward ASA ID: Enter the “ASA ID” of the token. Once entered the name of the token should show above the field as well in the calculator at the bottom, so you are able to confirm you entered the correct “ASA ID“.
Determine your rewards: #
When trying to decide what you should give as rewards…
The MAIN Thing to remember is…
We calculate rewards based on 1 of the staked token held.
If you want to reward the same token that the user is required to hold…
You are setting rewards on each 1 held
Most likely you would be rewarding a fraction of 1 token, per token held.
This can be done as long as you have enough decimals in your token
To calculate % rewards
1/365th of 1 is 0.002739726027397
A reward of 0.002739726027397 per day would be a 100% APR return as each 1 held would earn 1 additional at the end of 365 rewards.
Depending on how many decimals your token has, this may or may not be possible.
You may want to consider a Weekly or Monthly reward to be able to achieve the desired rewards.
Another option is to reward a different token, which is also a wonderful way to colaborate with other projects and grow your user base.
Pick your reward frequency: #
Select the interval of your rewards: The reward options are sending a Daily reward, Weekly reward or Monthly reward.
Set reward amount: #
How much is the Reward: This is how many of your tokens the user will be rewarded PER 1 of the staked ASA’s held each reward period.
Set Reward Initial Rewards Pool: #
Initial Payouts?: How many payouts do you want to pre-fund. Think about how many holders you have when setting this up… as an example, If you have 100 holders that are opted-in to receive rewards from this soft pool, entering 200 as the initial payouts means the soft pool can handle two distribution rounds — as long as 1) the reward pool can accommodate the reward amount to be distributed and 2) you don’t gain any new holders. If either of these things do happen, you will be asked to make a “top-up” before more distributions can take place. Basically you can take your number of users, and decide how many payouts they should get, add a few more in case you gain new holders. This will be a good way to start, you can always return and add more rewards to the pool at any time.
Initial Rewards Pool?: The reward pool is simply where rewards are sent out from. Therefore, depending on the reward amount per token that a holder is due, the amount sent out to each holder can vary, that’s why a large reward pool is necessary to ensure smooth flow of rewards. How much would you like to fund the pool with before your next top-up?
Pick your Subscription length: #
Keep in mind, we offer a discount for longer subscriptions to make it easier on you to set up your airdrop and have no need to worry about it for the specified time frame.
Fee’s calculator: #
Subscription Fee: This is our platform charge to run your promotion
5% Airdrop ASA Fee (To VIPs, and the VR Vault): A 5% fee is charged of the total of your rewards, we use this 5% to cover VIP’s bonus 5% drops, and any remaining not awarded are added to the Vault for VIP’s to try and win.
Opt-in Fee: if needed this is what it will cost the platform wallet to opt-in and hold the assets to be rewarded
Flat Platform Fee: 1 ALGO (this is a standard one time platform fee for all pools)
Asset Transfer Transaction Fee:: It costs .001a to send each reward, we collect this from the creator of the pool to cover sending the rewards.
Total Pool Reward Base: This is the Total amount of rewards being added to the pool + 5% for VIP rewards.
Total ALGO Fee Amount Due: This is the Total amount of Daily listing fees + Transaction fees + Platform Fee
Total Airdrop Reward Amount Due: This is the total of the reward tokens + 5% ASA Airdrop fee.
Once everything looks perfect, it’s time to click Submit
Submit: #
You will see a pop-up asking you to make sure everything is correct.
Sign and send: #
Once Confirmed, a new pop-up window will come up with the details of what you need to sign and send to start your new Soft Staking Pool.
Sign Each Transaction in your wallet and once completed you will see that you have successfully set up your new Soft Staking Pool Project.
Success! #
You have now set up your new Fractionalized Token Soft Staking pool!
