The $SMG token will have several utilities aside from purchasing NFTs. One of the essential utilities of the $SMG token is STAKING. Besides the high $SMG rewards, it also provides regular NFT airdrops as rewards. Additionally, it will be the central component of the decentralized governance platform of Samurai Legends.
HOW TO STAKE SMG
Head over to https://samurailegends.io/
Go to the DASHBOARD and CONNECT your wallet
Click SMG Staking or Stake now
Once at the staking tab, enter the amount of $SMG you wish to lock and click STAKE
To complete the staking process you need to pay a small gas fee
Once the transaction passed, you will receive a confirmation that your staking has been successful
Your Staked $SMG (including all future rewards) will be shown here:
To unlock your staked tokens, enter the amount of $SMG you wish to unlock and click UNSTAKE
To complete the unstaking process you need to pay a small gas fee
Once the transaction passed, you will receive a confirmation that your unstaking has been successful
Your unstaked $SMG will be shown here:
Total amount of staked tokens will be released in 4 equal shares - 25% per week.
During the unstaking period you do not receive any rewards.
Pending unstaking can also be canceled and by doing so, the amount would return to the active stake
To complete the unstaking cancelation you need to pay a small gas fee
Once the transaction passed, you will receive a confirmation that your pending unstaking cancelation has been successful
After a week in Pending Unstakes, you can already claim the first share or you can claim once all has been unlocked
To complete the claiming of your unstaked $SMG you need to pay a small gas fee