The Guild’s Treasure — $GOG Active Staking

Guardians, we’re excited to announce the largest community rewards to date! We’ve partnered with Guardians Guild Limited and are committing 5 million $GOG in rewards to be distributed to early supporters, especially those who hold $GOG, until closer to the launch of the game.

  • This program will kick off in November, and rewards will be distributed over the next six months until May 2023. (Please note, this is subject to change)
  • Active stakers who hold $GOG in ImmutableX over a continuous streak will receive higher rewards. HODLing for longer reaps the ultimate rewards! 😉
  • Tokens staked during the first week of the program will start off their streak at 12 months.
  • It’s important to note that selling now and buying back later will not count for this bonus!
  • Rewards will start to accrue from the 7th of November 2022, and the first payment will be made in December (batching all weeks up to this date), along with full details of the scheme.

Eligible participants must satisfy the below criteria to participate —

  • Your $GOG must be deposited on ImmutableX
  • You must own a Rare or higher-valued Guild of Guardians NFT Hero
  • You must satisfy at least one of the following criteria for each week:
    Trade: Buy or sell any Guild of Guardians NFT on the secondary market
    Stash: Increase your $GOG balance on ImmutableX (staking rewards received during the week do not count)
    Vote: Cast a governance vote with your $GOG tokens (to be added in the near future)

In partnership with Guardians Guild Limited, we have committed 5m $GOG to rewards. We value our long-term supporters & community. Anyone with tokens deposited in IMX before November 13th will be eligible for a 2x weighting bonus!

  • Currently, there are only 8 million $GOG on L2. Assuming 100% of these were actively staked, the current annualised reward rate could go up to 260%!
  • Together with the 2x weighting bonus, the current annualised reward rate could go up to 520%!

Remember to deposit by Nov 13th to be eligible for the 2x weighting bonus!

When will the program start?

The Guild of Guardians staking program will begin in November, and rewards will start to accrue from November 7th, 2022, AEDT.

Will the reward mechanisms change?

We reserve the right to change the reward mechanism and total token rewards amount. We currently plan to review the effectiveness of the Guild’s Treasure staking program after the first few months to ensure that it is meeting the needs of the ecosystem and game.

When does my Active Staking streak start?

Tokens staked during the first week of the program will start off their streak at 12 months.

When will I get paid for Active Staking?

The first payment will be made in December 2022.

Who is eligible for Active Staking?

To be eligible for staking rewards for each week, you must be active in the following ways:

Your $GOG must be deposited on ImmutableX, and you must own a Rare or higher Guild of Guardians Hero NFT, and you must satisfy any of the following criteria in that week:

Trade: Buy or sell any Guild of Guardians NFT on the secondary market.

Stash: Increase your $GOG balance on ImmutableX (staking rewards received during the week do not count)

Vote (to be added in the near future): Cast a governance vote with your $GOG tokens.

Why should I HODL $GOG?

We believe in $GOG and the success of Guild of Guardians, which is why we’ve announced Active Staking. We have committed 5m $GOG (~US$1m) — the largest reward to date to be distributed to early supporters, especially those who hold $GOG closer to our launch.

What is the rewards rate for the staking program?

The rewards rate will depend on the total amount of $GOG that is staked and will vary based on an individual’s continuous streak of holding $GOG in ImmutableX. We are committing 5 million $GOG to the rewards pool over six months. For example, if 50 million GOG is staked, the rewards rate will be 10% over six months (21% on an annualised basis).

What is the minimum amount I need to stake to participate?

There is no minimum amount to stake. Staking rewards will simply be distributed as a percentage of the $GOG you have staked.

How do I transfer my $GOG to IMX?

Transferring $GOG into IMX is the same process as ETH. You need a MetaMask wallet with enough Ethereum in it to deposit into ImmutableX to transfer your $GOG.

  1. You need to deposit Ethereum into ImmutableX, here before staking is live
  2. When transferring money into IMX, you must pay a transaction fee to ‘bridge’ or ‘convert’ the currency. This is called a ‘gas’ fee. The price of gas is always fluctuating, and to be safe, we recommend having around ~0.07 ETH above the amount you wish to deposit into IMX.
  3. MetaMask setup and purchasing Ethereum should take no longer than around 10 minutes, however, depositing Ethereum from your MetaMask wallet into ImmutableX can take up to 24 hours. So we recommend doing this ASAP, before staking goes live!

Less words, more video!

How to set up a MetaMask Wallet

How to deposit funds into ImmutableX

Our goal with The Guild’s Treasure Active Staking program is to provide an incentive for community members to HODL their $GOG on ImmutableX. We appreciate each and every one of you and are super excited to begin rewarding our loyal community members for having faith in the Guild of Guardians' vision. If you have any specific questions, stay tuned for our upcoming AMA.

Until next time, Guardian.

*The $GOG token is issued by Guardians Guild Limited.

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Guild Of Guardians

Guild Of Guardians

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