Staking $ASCN: Our Genesis Pool, Multiplier, and Benefits for Public Sale Participants
How staking will work at AlphaScan
Upon launch of the token, AlphaScan will introduce a staking mechanism for $ASCN, enabling users to fully leverage the protocol. By staking their tokens users get benefits on the platform.
Benefits of staking $ASCN
Token holders will be eligible for multiple benefits when staking their tokens. In particular:
- Tiered fee discounts: Token stakers receive exclusive discounts on trading fees based on their token holdings. Details on the fee structure in the near future
- Staking rewards: By locking their tokens, holders can earn staking rewards
- Revenue distribution: As part of our commitment to community-driven success, token holders will benefit through reinvestments of partial revenue into the tokenomics
General $ASCN staking
Our staking approach aligns the interests of all protocol participants with a focus on long-term sustainability.
$ASCN holders can stake their tokens in staking pools of limited duration (e.g., 3 or 6 months). Each pool will emit a predefined amount of tokens on a regular basis. Prior to the DAO setup, details on the pool emissions will be provided. As soon as the DAO is set up, there will be a vote on these emissions.
Once a pool is active, users can stake their tokens and begin accruing benefits. The longer users stake their tokens, the greater their share from the reward pool, as their benefit multiple increases over time. Similarly, the more tokens a user stakes, the more benefits a user accrues.
Close to the end of one staking pool, a new pool will launch to enable users to migrate their staked tokens. There will be a short gap (~1 day) between both pools to give users time to migrate their staked tokens. The exact duration of a pool will be announced closer to the launch of it.
Below is an example of a 6 months staking pool. In this example, the initial multiplier is 3 (9/3) and decreases linearly to 1 (3/3).
For simplification purposes, 3 stakers are participating over the lifecycle of the pool. Initially, two stakers are staking with equal amounts, earning an equal share of the pool. After three months, the first staker leaves the pool but a new stakers comes in, again with an equal amount. However, because half of the pool duration has already expired, the multiple of the new staker now is 2 (6/3). The first staker still has a multiple of 3 because they never left the pool. This means that over the next three months, staker 1 earns ⅗ of all rewards while staker 3 earns ⅖ of all rewards.
The logic behind this staking mechanism is to incentivize early stakers and supporters.
To avoid prolonged periods where late joiners constantly miss out, we will be running pools for a limited duration with a short gap between an ending pool and a new pool. The gap ensures that stakers have time to migrate from one pool to the next. See the example below for clarification.
Staking $ASCN directly from public sale in the Genesis Pool
All users participating in the public sale are eligible to automatically stake their tokens in the Genesis Pool exclusively available to public sale participants. This pool serves as an additional benefit for public sale contributors. The pool will be active for three months and offers an APR of 100%.
All public sale tokens are staked in this pool from day one. Users have the flexibility to unlock their tokens at any time without penalty (though staking benefits will go away of course). The effective APR for public sale participants can only go up in this initial pool since it’s only open to public sale participants. Users can claim their staking rewards at any point in time without losing their staking position.
Once this pool concludes, we will introduce a new pool where users can migrate their tokens and start staking from scratch, as described above. Details on that pool will be announced in the coming weeks.
How to stake $ASCN
You will be able to stake your tokens on our website. On that page, you will see how many tokens are currently staked for the entire protocol, the current APR, and other protocol-level details. You will also see details about all your staking positions.
For any questions, you can find us on Discord or Twitter.
- Website: https://alphascan.xyz/
- Twitter: https://twitter.com/alphascan_xyz
- Docs: https://alphascan.gitbook.io/
- Discord: https://discord.gg/TNnkzRePPH
- Medium: https://medium.com/@alphascan
- Public Sale: https://sale.alphascan.xyz/
Join the AlphaScan Revolution
The AlphaScan platform, powered by the $ASCN token, is poised to revolutionize decentralized trading. Be a part of this exciting journey by participating in our public sale and experiencing the future of analytics-based bot trading. Together, we will shape a vibrant and profitable community in the web3 space.
AlphaScan is operated by AlphaScan Ltd., a British Virgin Islands limited company. AlphaScan is an analytics-based information provider. This material is being provided by for general informational purposes only. Views or opinions expressed herein may not reflect those of AlphaScan as a whole and may change without prior notice. Nothing in this material constitutes investment, portfolio management, legal, accounting or tax advice, advice on trading techniques, models, algorithms, or any other schemes, or a recommendation to buy, sell or hold any digital tokens or other digital assets. No recommendation or advice is being given as to whether any digital asset is suitable for you. No solicitation or offer of any digital asset or financial promotion of any kind is being made. You should not trade in digital assets unless you understand the associated risks. This material contains forward-looking statements — statements that relate to future events or future performance — which are only projections, opinions and hypotheticals about possible future events, conditions, outcomes and results. Actual events or results may differ materially.
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