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Staking

The yield for staking $PGPT tokens on PrivateAI.com may vary based on various factors, including the staking period and overall participation. Users can receive varying levels of rewards depending on their contribution.

The APY calculation for each staker is influenced by several factors, including the number of tokens staked, the number of users participating in staking, and the total reward pool available. Here’s how it works:

  • Number of Staked Tokens: Staking contributes to the security and efficiency of the PrivateAI network. Users who stake tokens support network operations and, in return, receive rewards based on network performance and overall contributions. The staking system proportionally distributes rewards based on the amount staked.
  • Total Reward Pool: The total reward pool for PGPT staking is capped at 5,000,000 PGPT. This pool is distributed among all stakers according to their staked amount and the staking period selected (see the staking periods above).
  • Staking Period: Longer staking periods yield higher APY rates. For instance, staking for 12 months offers a significantly higher APY compared to staking for just 3 months, reflecting the increased commitment and risk.

How to stake $PGPT​

Step 0: Access the staking platform

Step 1: Sign up on the platform​

  • Sign up on the platform using your Email address or sign in, if you already have an account

Step 2: Go to the staking page

  • Go to the staking page, which is located in the main menu

Step 3: Select your staking option

  • Choose the staking option that best suits you:
    1. Scientist: Staking for 3 months, with an APY yield of up to 10%.
    2. Degen: Staking for 6 months, with an APY yield of up to 20%.
    3. Magician: Staking for 12 months, with an APY yield of up to 50%.

Step 4: Connect your wallet

  • Connect your wallet to the platform

Step 5: Approve amount of tokens before staking​

  • Enter the amount of tokens to approve or click Max if you plan to stake all available amount.
  • Confirm the transaction.

Step 6: Stake.​

  • Enter the amount you wish to stake.
  • Read and accept the terms and conditions.
  • Сlick "Stake".
  • Confirm the transaction.
  • Once confirmed, you will see your stake period, amount and unlock date on the list below:

On the date of unlock the buttons activate and you are able to withdraw or restake your $PGPT.