Collateral is announcing, that on Wednesday 25th August, two staking pools are live, allowing holders of $COLL and $COLLG to earn $COLLG.
STAKE $COLLG, EARN $COLLG, 1000% APY
The pool will lock tokens for a period of 30 days and stakers will receive a GUARANTEED 1000% APY at maturity.
STAKE $COLL, EARN $COLLG, Variable APY currently at 8,370% (at the time of publishing this article)
The pool will lock tokens for a period of 30 days and stakers will receive up to 8,370% APY at maturity.
The staking pools will launch on Wednesday 25th July: https://www.collateralpay.com/staking/
$COLLG CAN ONLY EVER BE EARNED THROUGH STAKING
Following the Collateral Governance Token Pre Sale on Friday 9th July, Collateral can confirm today that the only way $COLLG will be released is through staking.
WHY IS $COLL IMPORTANT?
$COLL is the native currency of Collateral Pay. In order to use the Collateral Pay Debit Card, you will be required to hold 1 $COLL Token to gain $10 of spending power.
WHY IS $COLLG IMPORTANT?
Holding the Collateral Governance Tokens ($COLLG) gives priority registration for the Collateral Pay Debit Card. The more $COLLG a holder has, the more exclusive a card they can apply for. With the top tier card giving a mammoth 8% cashback.
$COLLG will also give the holders, the right to vote on protocols, products, new features, goals and upgrades of Collateral.
$COLLG is available to buy now on Uniswap here.
HOW WILL THE STAKING POOLS WORK?
COLLATERAL is the next generation payment gateway built on Polkadot and accessed through an interoperable crypto wallet, granting access to spending power by using crypto as collateral at the point of sale. The platform allows users to pay instantly by using crypto as collateral, giving its global user base access to funds and the ability to pay and spend crypto instantly anytime, anyplace, anywhere.
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