# Staking Power

Staking Power starts to accumulate right in the moment a participant locks up a particular token amount. After a period of seven days, a user can claim it to utilize it when participating in IDO events. An instance of Staking Power is calculated by multiplying the amount staked by boosters earned.

{% hint style="info" %}
*When a user stakes 100 LIFT tokens and gets 1% booster, they become eligible for 100 \* (100% + 1%) = 101 Staking Power after keeping the tokens staked for **7 days**.*
{% endhint %}

Staking Power is burned when a person unstakes their stake.

An instance of Staking Power amounts to a particular number of lottery tickets, therefore the more Staking Power a participant has — the higher are their chances to get more lottery tickets. Consequently, the more lottery tickets they receive — the greater is the likelihood of them getting the desired IDO’s allocation.


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