UPLIFT
  • WHAT IS UPLIFT?
    • Overview
    • Incubation
    • Launch
    • Acceleration
  • Basic
    • How to use Moonpay to buy Crypto on Uplift
    • Moonpay: Prohibited countries
    • How to Buy BUSD on Binance
    • How to Add Custom Token to Metamask
    • How to Buy LIFT on PancakeSwap
    • Connect Metamask to Binance Smart Chain (BSC)
  • TOKEN
    • Token Utility
    • Tokenomics
  • STAKING
    • Overview
    • Boosters
    • Staking Power
    • Referral Program
    • How to Get Referral Bonuses
    • How to Stake LIFT Tokens
  • IDO
    • Overview
    • Lottery Rules
    • How to participate in an IDO
    • Price Protection Promise
      • How does it work?
      • How to get a refund?
  • KYC
    • Overview
    • How to pass KYC
  • Bridge
    • Overview
    • How to use TRON -> Binance Smart Chain Bridge
  • DAO
    • Overview
    • Governance
    • Community Guidelines
  • FAQ
    • Uplift General
    • Staking
    • Referrals and Rewards
    • KYC
    • Price Protection Promise
  • Social media
    • Twitter
    • Discord
  • Telegram Announcements
  • Telegram Community
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  1. STAKING

Staking Power

Staking Power grants access to the project IDOs on Uplift.

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Last updated 2 years ago

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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.

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.

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.