By: Geeq  on Jun 30, 2022

Dear Geeq Community Members,

Soon we will release a new round of Geeq’s Web-Based Staking. After the success of the last round we have decided to open up 2 new pools. We are happy to announce we will continue to bring you a webstaking option!

We will offer a new Geeq Staking 9 pool and a Geeq LP Staking pool.

The new Geeq Staking 9 pool will have the following changes:

• Pool cap increased from 1.5 million to 2.5 million.
• A contribution period of 14 days.
• Increased maximum contribution per wallet from 100k to 200k Geeq.

The new LP staking pool will have the following change:

• A contribution period of 14 days.

Please notice the new pools open at exactly the same time that our previous round of web-staking reaches full maturity.

General Overview

Geeq Staking can be likened to a savings account — it offers constant time-based returns based on the duration of your staking commitment. In other words, the longer you stake, the higher the rewards.

First, it is pool based. Meaning it is a group activity with multiple contributors for each staking contract.

Second, it is flexible. Meaning you have the option to withdraw early, stake until full maturity, or withdraw somewhere in between. But be warned: leaving early comes at a cost.

Third, it is all about liquidity. Meaning you have the option to stake your UNI-LP tokens for the Geeq/ETH pair, thus earning both uniswap fees + a great APY.

There will be 2 staking pools: Geeq Staking 9 and Geeq LP Staking. The terms of each staking pool (rewards, lengths, minimum contribution, etc.) are detailed below.

On Saturday, July 9th at 4 pm UTC, Geeq will update its Staking page. All information regarding the Token, including staking, is in the top navigation of the website.

Simply click on the contract that interests you to see its details. Then connect your ERC-20 Web 3 wallet to the contract, deposit your $GEEQ into the pool, and stake until you wish to withdraw. When you wish to withdraw, have your principal and rewards sent back to your wallet. Easy!

Requirements for Staking

Here are the requirements:

Metamask: GEEQ Staking requires an ERC-20 wallet extension such as Metamask, or a compatible Web 3 wallet which will automatically link to our staking contracts. This is the wallet address you will contribute from and where your earned rewards will be distributed upon withdrawal.

Once the staking pools are opened, a progress bar will be updated when the contract is filled. If you wish to know the exact percentage that is still available, please click through to the contract.

Full Maturity

Stake until full maturity to receive maximum rewards. Maturity will have a date and time assigned at which time full rewards will be available for withdrawal, so you will know exactly when you can withdraw to receive the maximum rewards.

Early Withdrawal

GEEQ Staking offers an early withdrawal option for flexibility. Early withdrawal will have a date and time assigned so you will know exactly when you can withdraw early.

Although rewards are lower for early withdrawal, they increase linearly every day — past the early withdrawal date right up until full maturity.

In other words, if you withdraw after the early withdrawal date and closer to full maturity, rewards will be higher, but still less than full maturity.

Here are the details of the next round of Geeq Staking, which opens Saturday July 9th at 4:00 pm UTC.

The Staking Pools, Terms and Conditions:

There are two staking pools: Geeq Staking 9 and Geeq LP Staking, each with different terms and rewards.

Geeq Staking 9

• Full Rewards: 25% annualized
• Full maturity: 90 days
• Early withdrawal: 60 days early withdrawal
• Early withdrawal: 10% annualized
• No Minimum, MAX stake allowed 200,000 $GEEQ
• Pool size: 2.5 million GEEQ
• Contribution window opens on Saturday July 9th at 4 pm UTC
• Contribution window closes on Saturday July 23rd at 4 pm UTC if pool is not filled by then.

Geeq LP Staking

• Stake your Uniswap v2 LP tokens here
• Rewards: Uniswap Trading Fees + 100% APY
• Full maturity: 90 days
• Early withdrawal after: 60 days
• Early withdrawal: 10% annualized
• Pool Size: 200k GEEQ/ETH each side lockup
• Contribution window opens on Saturday July 9th at 4 pm UTC
• Contribution window closes on Saturday July 23rd at 4 pm UTC if pool is not filled by then.

For your convenience, we keep track of all the pools’ dates and times here.

If you have any questions about staking and how to stake, please check out our guides in Geeq’s Staking FAQs.

What’s Next

When we update the GEEQ Staking website, it will have a countdown until the staking pools open on Saturday July 9th at 4 pm UTC. Once the countdown is complete, staking will be open!

AscendEX Staking

We have been running a Staking pool with great success on AscendEX since the launch of the Geeq token, offering a 18% compounded APY. Should you wish to use this staking option as an alternative.

Thank you!

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