We will adjust our site content soon and remove the staking program description. The new description will be regarding our Vote Incentive Program as following:


INCENTIVIZED VOTING PROGRAM



Voting points is credited after 7 Days of staking



STAKING PLAYS A VITAL ROLE IN FIRETOKENS COMMUNITY VOTING SYSTEM. WHEN MEMBERS STAKE THEIR TOKENS, THEY WILL AUTOMATICALLY EARN RENEWABLE POINTS CALLED “FIREPOWER”. “FIREPOWER” POINTS CAN  BE USED TO VOTE ON OUR WEEKLY INVESTMENT POLLS. THE PROFIT FROM THOSE INVESTMENTS WILL BE USED TO IMPROVE OUR COMMUNITY FUNCTIONS AND PROMOTE OUR GROWTH. TO ENCOURAGE PARTICIPATION, VOTING MEMBERS WILL BE REWARDED WEEKLY. THE REWARD AMOUNT WILL BE BASED ON THE AMOUNT OF FIREPOWER POINTS THEY USED ON THE PREVIOUS VOTE, AND THE PERFORMANCE OF THAT VOTE. OUR INVESTMENT CHOICES ARE VOTED ON, NO BOTS, NO SECRET ALGORITHMS, JUST REAL PEOPLE IN OUR COMMUNITY.



FIRETOKEN (FPWR) CAN BE STAKED IN ANY ETHEREUM ERC20 WALLET. MEMBERS WILL BE ABLE TO WITHDRAW THEIR STAKED AMOUNT ANYTIME, BUT REWARD BONUS WILL ONLY BE APPLIED AFTER 7 DAYS. OUR REWARD SYSTEM IS WRITTEN INTO OUR SMART CONTRACT AND WILL AUTOMATICALLY CREDIT OUR STAKEHOLDERS FOR THEIR STAKED FUND.



BY STAKING FIRETOKEN, MEMBERS WILL RECEIVE THE EQUIVALENT AMOUNT IN FIREPOWER POINTS. FIREPOWER POINTS CAN BE USE TO VOTE ON THE WEEKLY POLLS, ON BUY/SELL LIVE TRADING VOTES, OR USE THEM AS CREDITS IN OUR ARCADE AND TRY TO WIN EVEN MORE FIREPOWER.



Disclaimer: The voting reward amount is based on weekly community portfolio performance, and not to be considered as a promise of payout. The reward is designed to encourage voting and participation of FireToken members.