{"id":1027,"date":"2022-03-04T12:53:52","date_gmt":"2022-03-04T10:53:52","guid":{"rendered":"https:\/\/cryptogamingarea.com\/?p=1027"},"modified":"2022-04-15T10:36:00","modified_gmt":"2022-04-15T08:36:00","slug":"chumbi-valley-staking-chmb","status":"publish","type":"post","link":"https:\/\/cryptogamingarea.com\/en\/guides\/chumbi-valley-staking-chmb\/","title":{"rendered":"Chumbi Valley staking (CHMB): How does it work?"},"content":{"rendered":"

Since mid January 2022, it is possible to put the token of the game (the CHMB) in staking<\/strong>. This means that by locking in tokens for a certain amount of time, you will passively earn tokens at the end of the staking period. The purpose of staking is to reward loyal players who are willing to lock in their tokens over a period of time to support the project.
So if you believe in the potential of this game, staking is a great way to generate passive income!<\/p>\n\n\n\n

Staking the CHMB: How to do it?<\/h2>\n\n\n\n

It's really simple, first of all, you have to go to the official website Chumbi Valley staking<\/a>. <\/p>\n\n\n\n

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Then, it is necessary to connect your wallet MetaMask<\/a><\/strong> (without this, you will not be able to access the page). Make sure that your wallet is on the account Binance Smart Chain<\/strong>.<\/p>\n\n\n\n

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You can choose 3 options of staking duration: 90 days<\/strong> (3 months), 180 days<\/strong> (6 months) or 365 days<\/strong> (1 year). Depending on the period you choose, the APR will be higher (I'll come back to this below).<\/p>\n\n\n\n

\ud83d\udca1 Good to know: once you have locked in your tokens to a term, you will only be able to get your deposit and reward back at the end of the staking period, not before. The end date of the staking period is indicated Reward date<\/strong>.<\/p>\n\n\n\n

Once you have chosen the duration of your staking, select the number of tokens CHMB<\/strong> that you wish to block and enter it in Amount<\/strong>and then click on Stake<\/strong>.
If you want to use all 3 options of staking durations, it is possible, you can decide from staker the number of CHMB you want on the 3 options.
You can choose the amount you want, the minimum is 1 CHMB and there is no maximum (but be careful, each pool still has a staking cap).<\/p>\n\n\n\n

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These staking periods are fixed and they started since mid-January (January 19 exactly). The more we advance in time, the more the end of the first staking period approaches. Indeed, the first pool ends on April 14th. If you choose to stake on this first pool, it is still possible, but you will only earn rewards on the remaining number of days.<\/p>\n\n\n\n