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Framing (Staking)

A guide on how to Frame to Earn $SOCIETY

Overview

The City is an interface where the user can manage its Apes and non-Apes NFTs. A user is able to purchase frames with $SOCIETY and then stake NFTs in Frames to earn $SOCIETY. You can upgrade your frames and more. In the future, you'll manage your craftsmen in order to build furniture and manage your cabins.
The team decided to make staking of Ape or non-Ape NFTs non-custodial. This means that the NFT does not have to leave your wallet or ledger. Apes and non-Apes NFTs are and will be a ticket to many things, and we don't want to limit your ability to use your NFTs as a pass to those events. Doing this also eliminates any potential smart contract risk.

Frames

Frames are required to stake both Apes and approved non-Ape NFTs to earn $SOCIETY. Every Frame features an upgrade level from 0 to a maximum of 7. The higher the level the higher the additional rewards combined with the Ape staking value. To upgrade Frames to a new level there is a cooldown period and a $SOCIETY cost. Everyone can mint a level 0 frame for 750 $SOCIETY. All $SOCIETY spent on minting and upgrading frames is burned to help diminish supply.
Only the original wallet that minted the frame can use it for their NFTs. Artists' free Frames are also locked to the Artist so if you sell or transfer the Artist you won't be able to use the free Frame anymore and the new holder will have to mint the Frame again. The combination of deflationary and inflationary aspects could affect the price of Frames (in ADA); Frame costs may be adjusted as appropriate to ensure there are no significant barriers to entry for new investors.
Frame levels, its costs and cooldowns between upgrades.

How to Stake

Staking rewards

Depending on the class, Apes give different rewards and so do Frames - depending on its level. The total x's of the NFTs in a wallet will determine the share of the daily emission that a wallet will get. The formula is:
(((ApesPoints(1KingsTax))+FramePoints)/TotalPoints)DailyEmission(((Apes Points * (1-Kings Tax)) + Frame Points) / Total Points)*Daily Emission
Example: A holder has 2 Craftsmen, 1 Artist, 1 Explorer and 2 non-Ape NFTs. These 6 NFTs are staked in 6 different Frames, all level 3. Total Points for all staked NFTs combined is let's say 21,000 and Daily Emission is 1,000,000 $SOCIETY:
2 Craftsmen rewards: 2*1x + 1 Artist rewards: 1*1.15x + 1 Explorer: 1*1.35x * (1 - 0.025) + 6 level 3 Frames: 6*0.5x = 7.3875x By applying the formula above: 7.3875 / 21,000 * 1,000,000 = 351.8 $SOCIETY -- You can learn about all the class rewards and perks in the next page.

Projector

Coming soon!
Last modified 1mo ago