The Guild’s Treasure — Full Details of the $GOG Active Staking

In October 2022, we announced the largest community rewards to date! The Guild’s Treasure — $GOG active staking. Five million $GOG in rewards is being distributed to early supporters who stake their $GOG tokens until closer to the launch of the game. Today, we are publishing the full details and calculations of The Guild’s Treasure. LFGOG! 🚀

Here’s the TLDR of our previous announcement -

  • The Guild’s Treasure will run from the 7th of November 2022 over the next six months until May 2023

In order to be eligible for active staking rewards -

  • Your $GOG must be deposited on ImmutableX
  1. Trade: Buy or sell any Guild of Guardians NFT on the secondary market

But how can you estimate the rewards you are likely to receive?

In this article, we will step through the full details and calculations of The Guild’s Treasure. But if you just want to know the answer, we’ve collaborated with a member of our community who has built a staking rewards calculator based on the details below.

For the real nerds who want to know the deeper details in order to calculate their rewards — read on!

Timing -

  • The length of The Guild’s Treasure is 30 weeks, with the first week starting on 7th November 2022 to the final week starting on 29th May 2023

What is the Holding Streak Bonus?

  • A holding streak bonus multiplier is applied to $GOG held in ImmutableX based on how long it has been continuously held

How to estimate rewards -

With 5m $GOG being distributed over 30 weeks, roughly 166,666 $GOG is distributed to active Stakers for each week of The Guild’s Treasure

Based on current network conditions (these may no longer be up to date depending on when you read this)

  • ~25m $GOG is held on ImmutableX

Assuming a 2x holding streak bonus on 1,000 $GOG eligible for active staking, the estimated rewards can be calculated as follows:

  • The entire network has effectively staked 14.25m $GOG = 25m x 30% x 1.9

To calculate this for yourself, a member of our community has built a handy staking rewards calculator based on the same calculation methodology as above. Please note that rewards are only estimates, as exact network conditions are unknown until the end of each week.

FAQs

Why should I stake $GOG?

This is a limited opportunity to get involved in the largest reward to date (5m $GOG) to be distributed to reward the earliest supporters of Guild of Guardians, in the lead-up to the launch of the game. For true believers in the future of Guild of Guardians.

Why was the 2x holding streak bonus extended to the second week of The Guild’s Treasure?

In the first week of The Guild’s Treasure, it was expected that public sale participants could withdraw their $GOG from CoinList and move it into ImmutableX to stake it before the end of the first week of staking. However, due to withdrawal processing delays on their end, this led to some $GOG withdrawals being delayed until the second week of The Guild’s Treasure. Therefore, for fairness reasons, all $GOG held in ImmutableX by the end of the first and second weeks of The Guild’s Treasure was granted a 2x holding streak bonus.

What happens after the first 30 weeks of The Guild’s Treasure finishes?

We have a plan for this, but it involves something we are not allowed to share anything on yet 😉

Why did I receive a different reward than what was estimated?

Staking rewards are based on the network conditions for that week. While you have control over the amount you stake, and how long you’ve held your $GOG, staking rewards are shared across the entire network of stakers. If there is higher staking participation or a higher average holding streak than what was used in the calculation in any given week, the rewards will be lower than estimated as it is spread across more staked $GOG. Similarly, if the staking participation or average holding streak is lower than what was used in the calculation, the rewards will be higher than estimated.

Is there a minimum amount to stake?

While there is no minimum amount to stake, as staking rewards will simply be distributed as a percentage of the $GOG you have staked, this will be rounded down to zero if your reward is less than 0.000001 $GOG.

Which Guild of Guardians NFTs qualify for the weekly Trade criteria?

To satisfy the Trade criteria in any given week, you must buy or sell any Guild of Guardians NFT on the secondary market. This includes the following NFT collections:

How do I buy and stake $GOG?

We have a full guide for this here!

We hope this article has armed you with the details and information to fully understand how the Guild’s Treasure Staking Program works! Thank you for taking the time to read and participate in the program. We are grateful to each and every one of you and are thrilled to be able to reward our loyal community members. 💖

Until next time, Guardian.

LFGOG!! 🚀

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Guild Of Guardians

Guild Of Guardians is a blockchain mobile RPG published by Immutable, and developed by Stepico. Turn your passion for gaming into Assets!