Starchi is a play-to-earn game that focuses on a version of our real world called the “World of Starchi,” which is overrun with greed, strife, misery, hunger and indifference. In the game, humanity has lost its way and has forgotten that it does not inhabit the Earth alone. To reverse the course of the planet and to save the Starchi, users have the opportunity to adopt, raise and take care of the Starchi digital pets to help avoid their extinction. It is an interesting story that combines fun, love and care with different earning tools for its gamers referred to as “Starchi Collectors”.
The first of these earning tools is its Staking Income, a user friendly system designed to provide strong liquidity and a solid foundation to the ecosystem. It rewards gamers with a unique benefit not yet seen by other play to earn games: in-game reward earnings qualifies Collectors for first-come-first-serve access to initial DEX offerings, or IDOs, held by the #1 launchpad in the blockchain industry by current ROI at the time of this writing.
Aptly named Starter.xyz is a leading launchpad, incubator, and investor network for Binance Smart Chain, Polygon, Avalanche, Fantom, and Ethereum. To date, Starter has raised over $30M USD for 40+ blockchain projects, including WSBDapp from Wall Street Bets founder, Jaime Rogozinski; Cake Monster, the beast of BSC; Project Oasis, a leading Metaverse, and many more.
Key to the entire Staking Income is its dual-token economy. The first token is represented by Starter’s native $START token and is used to grant access to the game, while the second token, Starchi’s Liquid Luck ($ELIXIR) provides in-game rewards and is said to be a magical mix that makes the Collector wealthier for a period of time (while in possession of the elixir).
ELIXIR’s tokenomics has a dedicated pool of 25,000,000 tokens allocated to staking rewards. Supported pools are each given a reward weight and ELIXIR tokens are emitted from this pre-mined pool according to the reward weight. Rewards are reduced at a default rate of 3% every 91,252 blocks.
Determined to help Collectors advance their goal of financial freedom, yield guilds and scholar programs will be developed with a focus on teaching about participating in various IDO sales held on Starter.
Starchi Staking consists of four (4) different Staking Income pools to compensate Collectors for parking their hard-earned wages. These pools can be accessed by selecting the Staking Income button from your dashboard, which will bring up a screen similar to the screenshot below.
The name, total value locked (TVL), and APY are displayed next to each pool. Select Details to view more info about the pool and its rewards.
The Approve button will appear if you have never staked in a pool before, while Stake will appear if you have already approved and can stake.
- Single-sided START staking (5%)
- Single-sided ELIXIR staking (5%)
- START/MATIC LP staking (45%)
- ELIXIR/MATIC LP staking (45%)
Note: Staking in either of these pools grant depositors chain-agnostic access to IDOs on Starter.xyz. Details on tiers will be shared in a separate post.
Single-sided staking pools are assigned 5% each from the total rewards allocated for staking rewards, while LP staking pools receive 45%. Single-sided staking pools are also subject to a 5% unstaking fee.
Collectors stake in one of two modes: LIQUID or LOCKED
* LIQUID — this option does not lock your deposit for any period of time. However, rewards earned are subject to a 5% claiming burn fee. Simply enter the number of tokens you would like to deposit and click Next.
* LOCKED — this option locks your deposit for the timeframe chosen. Rewards earned are up to 10x the multiple of LIQUID deposits & no claiming burn fee is applied. First select the lock duration, from 30 days up to 1 year, then enter the amount you would like to stake and click Next.
Once the deposit has been confirmed, a new entry will appear in the pending Vesting option on the dashboard. Vesting shows each pool where you have deposited tokens, the amount deposited, rewards weight, and the amount of time left until rewards can be claimed.
To maximize Collector rewards, staking automatically compounds ELIXIR earnings in the form of yield deposits. The Source column indicates whether deposits were from user Deposits or compounding yield deposits.
Once the vesting period has expired, rewards can be withdrawn from staking.
Earned rewards can be claimed as liquid ELIXIR in-game tokens after a vesting period has expired. The length of the vesting period is determined based on the length of the lock — the longer you keep your deposit locked (maximum of 1 year), the lower the vesting period and the faster you receive your rewards.
For example, if you stake 100 START for 30 days, the vesting on your ELIXIR rewards will be 335 days. If you stake 100 START for 365 days, the vesting on your ELIXIR rewards will only be 45 days and you earn the full 10x multiple.
This unique dual benefit Play-to-Earn and Stake-to-IDO system by Starchi and Starter.xyz aims to spearhead a new direction for blockchain gaming and its users. By maximizing earnings potential using traditional DeFi investment vehicles and increasing the investment savviness of its Collectors, Starchi is gearing up for executing on it’s long roadmap ahead.
Starchi
🌍 Website: https://starchi.gg
✉️ Telegram: https://t.me/officialstarchi
🐦 Twitter: https://twitter.com/officialstarchi
🔊 Announcements: https://t.me/StarchiAnnouncements
🟪 Starchi Liquid Luck (ELIXIR) Contract: https://polygonscan.com/address/0xED0bb69f9F96E8C5FffdF16c468eceC385134eA5
🟧 Starchi Liquid Luck (ELIXIR) Contract:
https://bscscan.com/token/0x9663677b81c2d427e81c01ef7315ea96546f5bb1
📖 Medium: https://starchi.medium.com
📚 Story: https://starchi.gg/Story.pdf
Tamagotchi-inspired #PlaytoEarn game for the crypto age #Incubated by @StarterXyz
