NFT staking, which mines MBX with NFT
NFT staking on Marblex is a service that allows you to earn MBX tokens while depositing NFTs. The types of NFTs that can be staked are limited. As of April 2023, only Marblex's membership NFT, Marblership, is available for staking, and KOF ARENA's controllers and gems are not available for staking.
There are two types of NFT staking: mining and seasonal. Mining is a way to deposit NFTs and earn tokens over time. Seasonal means that you can earn your allotted tokens by staking that NFT during the season. As of April 2023, only mining staking with Marblership is available.
Check the mining reserve before buying NFTs
The best part about staking NFTs on Marblex is that each NFT has a set amount of MBX tokens that can be mined. For example, a normal-tier Marblership can only mine up to 849.49 MBX, while a rainbow-tier Marblership can mine up to 1,358.88 MBX. Once all MBX tokens have been mined from an NFT, no more can be mined.
Therefore, when you purchase an NFT from the MBX Marketplace and want to mine MBX, you should first check how much MBX there is left to mine with that NFT. To do this, click the Details link in the Game Properties and look at the level of the NFT and the amount of mining remaining on the page that opens.
▲ If you click the Details link on Game Properties in the marketplace,
Level up to mine all MBX
The amount of MBX tokens that can be mined from an NFT is allocated per level of the NFT. For example, a normal-tier Marblership can only mine 28 MBX at level 1 and 239.11 MBX at level 7. To mine all 849.49 MBX, you'll need to level it up to the max level, level 7.
To level up an NFT, you must first mine all the tokens that can be mined at that level. You can then spend a certain amount of MBX to level up the NFT and start mining again. Higher-level NFTs have an increased hourly mining rate.
Deposit MBX to increase the mining rate
By depositing MBX tokens into your staked NFTs, you can earn additional APR to boost your mining rate. For example, if you mine with just one level 1 normal-tier Marblership, you'll only mine 0.077 MBX per day, but if you deposit an additional 100 MBX, you'll mine 0.76 MBX per day. By increasing your hourly mining rate like this, you can level up your NFTs faster and mine the allotted tokens for that NFT faster.
▲ If you deposit extra MBX, you can boost the mining rate
5-minute unstaking wait time, 2.5% mining reward fee
Staked NFTs and additional MBX deposited will be moved from your wallet to the Marblex staking wallet. If you want to trade your staked NFTs or MBX, you must first unstake them and return them to your own wallet, which will incur a 5-minute waiting period.
There are no fees for depositing and redeeming staked NFTs and depositing and withdrawing MBX to accelerate mining, but there is a 2.5% fee for receiving mined tokens. When you receive your reward, you will receive 97.5% of the mined amount, which is minus the fee.
How to deposit NFT staking
|
1. Connect to nftstaking.marblex.io 2. Click on the Staking button on the type of NFT you want 3. Click on the NFT Stake button at Stake NFTs 4. Select the NFT to stake and click the Stake button 5. Enter your dealing password |
How to unstake NFT
|
1. Click on the Request Unstake button at Stake NFTs 2. Select the NFT you want to unstake and click on the Request Unstake button 3. Enter your dealing password 4. Click on the Unstake button after waiting 5 minutes |
How to deposit MBX to boost mining rate
|
1. Click on Token Stake for APR Increase at Boost APR 2. Click on the Stake button after entering how much MBX you want to deposit at Staking Quantity 3. Enter your dealing password
(※ No additional fee) (※ To deposit more, you have to withdraw all MBX first) |
How to withdraw the MBX you deposited to boost mining rate
|
1. Click on the Request Unstaking button at Boost APR 2. Check the quantity and APR change, then click on the Request Unstaking button 3. Enter your dealing password 4. Click on the Unstake button after a 5-minute wait 5. Click on the Unstake button in the popup window and enter your dealing password (※ No additional fee) |
Claiming the staking reward
|
1. Click on the Claim button at Claim Rewards 2. Check the quantity, fee, and money and click on the Claim button 3. Enter your dealing password (※ 2.5% fee) |
Sort by:
Comments :0
