Staking
What FitBurn Staking is and how rewards are calculated
Last updated
What FitBurn Staking is and how rewards are calculated
Last updated
Staking the CAL token for a predetermined period will produce staking power, which confers several user benefits. These benefits include the following:
Rewards in the form of CAL tokens
The increased upper limit for calorie cashback monthly
Access to special/VIP events, such as celebrity instructors' training, depends on the gym relationship.
Discounts on fees and specific products/services.
Governance rights
CAL token staking users will get an enhanced limit of the calories that may be expended, allowing them to earn more every month.
Users that stake the CAL token will get a higher limit of the calories that may be expended, allowing them to earn more every month—staking for a more extended period results in more staking power.
When you stake for a more extended time, you accumulate greater stake power. The following equation will calculate staking power:
Where:
SP stands for "staking power"
Ts refers to the total amount of tokens that have been staked
M is a multiplier that depends on the staking duration. The multiplier M will be decided upon during the comprehensive modeling of the tokenomics.
