Staking, Rewards & Utility Gems
Coniun features an 8-level tier system based on $CONI staking requirements that grant Utility Gems which can be used on unlocking utilities. The higher the tier, the more utilities can be unlocked.
Tokens can be staked and unstaked on the Coniun staking dashboard. Staked tokens earn yield and grant Utility Gems. The higher tiers grant more Utility Gems. The reward pool increases as you stake more tokens and stake longer.
You lose your gems when you unstake $CONI and need to stake $CONI again if you want them back.
Pricing has always been one of the most efficient ways to compete in web2. However, organizations don't have control over the pricing for utility tokens since the community sets the value. While this sounds like a good thing in the decentralized world, competitors with a lower entry price make it hard for utility tokens to keep up with their current value since the competitors increase the total supply for that specific solution. This makes it almost impossible for a utility token to do 100x since the minimum required fees would increase dramatically and make no sense for the project's services.
That's why Coniun designed Utility Gems. They are designed to give the governance flexibility on the pricing of Coniun's utilities. The governance can vote and decide on increasing the number of Utility Gems granted for each tier and create additional tiers that'd make it easier to acquire new buyers if the government feels the token's price is increased dramatically.
Tiers & Utility Gems they grant
Staking Rewards
$CONI can be staked and unstaked on the Coniun staking dashboard. Staking rewards can be claimed on the distribution date every month. You can claim your rewards without unstaking.
APY for each tier and staking duration
Reward pool and the max cap
There is a max amount of $CONI that can be staked for each tier to be eligible for yielding $CONI. After a tier reaches its max cap, it won't yield $CONI for the new stakers but will keep giving Utility Gems.
For example;
If there are 40K $CONI staked on Tier 1 and you will stake 150 $CONI, you will get both $CONI yield and Utility Gems.
If there are 60K $CONI staked on Tier 1 and you will stake 150 $CONI, you will only get Utility Gems.
How are the rewards calculated?
Your rewards are calculated daily and can be claimed in 30 days time periods.
Daily Reward = Current amount of $CONI staked by you X APY of your tier and staking period / 360
Rules & Restrictions
You can't unstake $CONI in the next 7 days of your last staking action.
If you add more $CONI to your staking, your staking period will be recalculated depending on your additional staked $CONI amount. For example;
You have been staking 10K $CONI for 30 days and staked another 5K $CONI today
New staking period = Previous staking period X previous amount of $CONI staked / total amount of $CONI staked
New staking period = 30 X 10000 / 15000 = 20 days.
If your Tier reached its max cap before you stake, you won't get any $CONI rewards until the stakers who yield $CONI on that tier unstake their tokens.
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