Imaginary Ones Staking Program Launches Today
UPDATE: Staking went live at 8:38 a.m., ET this morning. Access the staking website here.
The project will implement a tiered approach where collectors gain more rewards the longer their NFT has been staked. Here are the different levels:
- Wanderer: 0-29 days
- Adventurer: 30-89 days
- Expeditionist: 90-179 days
- Navigator: 180-269 days
- Seasoned Explorer: 270-364 days
- Multiversal Voyager 365 days or more
Imaginary Ones lists these as the types of rewards collectors can expect to see as part of the program:
- Whitelist spot raffles
- "More categories are a work in progress"
Staking was originally expected to go live at 6:00 a.m., ET this morning, but the launch was delayed for two hours to 8:00 a.m. The site was still not live as of 8:30 a.m., ET with no further update available.
When a holder chooses to stake their Imaginary One, the NFT will be automatically delisted from OpenSea for the duration of the staking period. However, holders are still advised to manually delist their NFTs before entering into the staking program. If that is not done, the NFT may be relisted for sale at the same price on OpenSea at the conclusion of the staking period.
After minting at 0.6 ETH in April and trading above 1 ETH prereveal, the Imaginary Ones floor price sits at 0.396 ETH at the time of writing. The project had been trading above mint price as recently as July 4, but more recently had bottomed out at 0.3 ETH on Friday