Smaugs Launchpad Tutorial — How to Stake SMG?
In this tutorial, we are going to give you how Launchpad Staking System works. How to join the stake pool, unstake the amount of SMG, and reinvest SMG earnings back into the pool.
1.Navigate to the Launchpad Staking Application
Connect wallet, Stake, Unstake and reinvest all happening in one place. SMG staking and registration is required to participate in the pre-sales.
2. Stake SMG
A 3% fee is deducted from each new stake deposited on the platform.
All of these deducted fees are distributed back to the SMG stakers. (The fee payer is excluded.)
After paying your deposit fee, you will now earn from the fees of the stakers after you. Your earnings will depend on the size of your stake relative to other stakes on the platform.
In time, 3% will be returned through accumulated platform fees and rewards.
3. Re-Invest SMG
As you earned SMG, you will need to reinvest them in the staking pool to ensure they are included in future allocations and your share of platform fees and ecosystem rewards.
To add the earned SMGs back to the pool, simply click the Reinvest button.
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