By: Geeq  on Jul 2, 2024

An important update regarding our webstaking.

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 2 Webstaking options.

The new Geeq Staking 16 pool offers 10% APY

The new Geeq LP Staking 6 pool offers 80% APY

Note: Previous rounds used to close at 5 pm UTC. For this round, please re-set your alarm. The new Pools will open Sunday, July 7th at 4 pm UTC due to changes for daylight savings time.

The Contribution window will open on Sunday, July 7th @ 4 pm UTC and end on July 21st @ 4 pm UTC or when the pool is filled, whichever happens first.

The Staking Pools, Terms and Conditions:

Please read the descriptions for Geeq Staking 16 and Geeq LP Staking 6 carefully before making your decisions. The terms and conditions are described below. They are the same as the round that is concluding.

Geeq Staking 16

• Full Rewards: 10% annualized
• Full maturity: 90 days
• No Minimum, MAX stake allowed 200,000 $GEEQ
• Pool size: 4 million GEEQ
• Contribution window opens on Sunday, July 7th @ 4 pm UTC
• Contribution window closes on Sunday, July 21st @ 4 pm UTC if the pool is not filled before then.

Geeq LP Staking 6

• Stake your Uniswap v2 LP tokens here
• Rewards: Uniswap Trading Fees + 80% APY
• Full maturity: 90 days
• Pool Size: $100k GEEQ/ETH each side lockup
• Contribution window opens on Sunday, July 7th @ 4 pm UTC
• Contribution window closes on Sunday, July 21st @ 4 pm UTC if the pool is not filled before then.

For your convenience, all important dates and times for pools are here.

General Information

Geeq Staking offers constant time-based rewards based on the duration of your staking commitment. In other words, the longer you stake, the higher the rewards.

The terms of each staking pool (rewards, lengths, minimum contribution, etc.) are detailed below.

The new web-staking pools will open on Geeq’s Staking Page. All information regarding the Token, including Token Announcements, Token FAQs, Staking FAQs and step-by-step instructions, are under “Token” in the top navigation of this website.

On the Staking Page, 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!

If you have any questions about staking and how to stake, including how to provide liquidity, please follow our guides in Geeq’s Staking FAQs.

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, they will continue to stay open until they are filled or the 2 week contribution window ends, whichever comes first. If you wish to know the exact percentage of the pool that is filled, 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.

Alternative Geeq Staking Programs

Should you wish to use an alternative staking option both Ascendex and Kucoin offer Geeq staking options @ 10% APY.

To learn more about Geeq™ follow us:

Website ~ Grab a Coffee ~ http://www.geeq.io/news/

Telegram ~ Join us for a chat ~ https://t.me/GeeqOfficial

Twitter ~ Keep up to date ~ https://twitter.com/GeeqOfficial

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