Importance of COLONY token staking
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The main token of the Arcade Colony platform is COLONY, which is a key component of the game. This token is used for staking, reward distribution, and governance. By staking COLONY tokens, players can get various benefits such as,
🎮 Importance of COLONY token staking
The Moonkarts game allocates 50 million COLONY tokens as rewards every season. While everyone can get some rewards by playing the game, players can increase their rewards many times by staking COLONY tokens. The maximum reward can be increased by 20 times through staking. COLONY tokens also serve as the governance token of the Arcade Colony platform. Through staking, players can participate in the future development and policies of the platform.
Again, by burning COLONY tokens, players can earn SCRIPT tokens, which are used to unlock various features of the game. SCRIPT tokens serve as the stablecoin of the game and are used to purchase various in-game items. And fuel is required to participate in multiplayer races in the Moonkarts game. Players need to stake cards and SCRIPT tokens to generate fuel. Staking can increase fuel production, which allows players to participate in more races.
📈 How does staking work?
By staking COLONY tokens, players earn a multiplier, which increases their rewards. This multiplier depends on the user's rating and the amount of tokens staked. Staking can increase rewards up to 20 times, but the rate of this increase gradually decreases.
COLONY token staking on the Arcade Colony platform is an important strategy for players. It not only increases rewards, but also helps to unlock various game features, participate in governance, and improve gameplay by generating fuel. Therefore, COLONY token staking can be a profitable move for those who regularly participate in the Moonkarts game.
