💰How to Create a Staking Pool

SolSale offers the ability to create customized staking pools, where you can choose from three different payment packages to suit your project’s specific needs.

Staking is a powerful tool for projects as it encourages long-term holding by rewarding users who lock their tokens. This not only helps stabilize the token price but also builds a loyal community by offering incentives for participation.

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A step by step guide to set up a staking pool

1. Click on this link.

1. Next you need to enter in the token addresses:

• Staking Token Address: This is the token your holders will need to stake to earn rewards.

• Reward Token Address: This is the token you will earn by staking.

3. Fill in the following staking pool details:

• Stake Name: This is the name of the staking pool.

• Stake Symbol: This is the symbol for your staking pool.

• Start Date Time: This is the date your pool opens.

• End Date Time: This is the date it closes.

• Unstake Time: Your investors can't unstake till this time has passed.

• Reward Type: There are four types to chose from. The four types are Percent Reward, Fixed Reward, Only If Balance and No Reward.

The following is an option if you chose Percent Reward or Fixed Reward:

• Reward Ratio %: This percentage represents the amount of rewards your investors will earn by staking. For example: if the reward ratio is set to 100% and you are staking 1,000 tokens. After one year once you unstake your tokens you will get your 1,000 tokens back and you will have earned 1,000 extra tokens leaving you with a total of 2,000 tokens.

• Reward Ratio Linear: This is the amount of tokens someone will earn by staking.

• Reward End Time: This when the rewards end.

• Claim Date Time: This is the time you are allowed claim your rewards.

• Penalty Type: Choose between No Reward, Fixed Penalty and Timed Penalty.

• Hardcap: This is the max amount of tokens that can be staked in your pool.

• Min Limit to Stake: This is the minimum amount required to be able to stake in your pool.

• Staking Token is transferrable or not: This determines whether the staked tokens cans be transferred to another wallet.

You upload tokens to the staking pool after you have created the pool and you can keep adding tokens every so often as you see fit via the “Manage Staking Pools” tab.