Acent ($ACE) stakers under the Metaweb Governance can now check their earnings in their cryptowallets. They’ll find EDAO, plus the additional $ACE rewards from the UBI pool, are already reflected. From here on, metacitizens are now able to take full advantage of earnings in the coming days as they monetize their $ACE or participate in the governance system of the metaweb.
Acent ($ACE) is the cryptocurrency of the Metaweb and the Acent blockchain – Staking an $ACE earns you EDAO plus $ACE incentives from the Acent’s Universal Basic Income (UBI) pool.
EDAO token incentives are more than just governance tokens – Other than the voting power and the privilege to submit proposals in the DAO, staking EDAO tokens allows you to mine $ACE by supporting the metaweb ecosystem for a more decentralized web service.
All staking will be done on the DAPPX platform. By connecting your Acent metawallet to the DAPPX platform, you may stake your $ACE now and start monetizing it.
Please keep in mind that a minimum of 3,000 $ACE is required to join the staking pool.
For the step-by-step guide on how to stake $ACE and EDAO tokens on the DAPPX platform read here.
Recap of the EDAO and UBI Incentives from the Metaweb Governance Staking
The following are some of the benefits for choosing to stake your $ACE under the Metaweb Governance feature of the DAPPX platform.
Collect Ecosystem Contribution Compensation
When you stake a minimum of 3,000 $ACE you automatically earn EDAO tokens – an ARC-20 governance and utility token in the YED metaverse. Every $ACE staked, gets you an equivalent EDAO compensation token per year, calibrated per minute. As an EDAO token holder, you are entitled to receive contribution compensation from the entire ecosystem fee collected in the Universal Basic Income (UBI) pool and the Metaweb Incubation Fund, plus other NFT benefits – but only if you stake it.
By pledging your EDAO tokens, you will earn incentives from the Metaweb Incubation Fundlimited to a 6-year period, as well as permanent $ACE profits from the UBI pool as long as you stake your EDAO tokens. It is expected that as more people avail of the EDAO incentives, the greater the anticipated increase in the $ACE value.
Trading of EDAO tokens at a market price (coming soon)
EDAO tokens are designed to be tradable on the Acent DEX. Availability of this feature to the public will be announced later in the community updates.
Acent ($ACE) Metaweb Governance Pledging General Guidelines
A minimum of 3,000 $ACE is required to join the Metaweb Governance pledging pool. You can get an $ACE token by buying USDT first and exchanging it for $ACE at any of these platforms: Kucoin and Gate.io. Then transfer your $ACE from your account made in these exchanges to your Acent metawallet address to start pledging.
Basically, 1 $ACE staked will grant the staker an equivalent of EDAO token per year plus UBI Incentives.
EDAO token rewards received can be staked to earn more $ACE from the UBI pool. See schedule of rewards below:
Take note that $EDAO mining is halved every four years promoting $EDAO scarcity. The number of $EDAO tokens that can be mined on a spot of land will depend on the available $EDAO tokens distributed among the number of landowners for a particular minting period.
Be advised that with all pledging or staking on any platform or blockchain, true yield earnings may vary depending on one or more of the following factors:
cryptocurrency supply and demand,
number of stakers,
lock-up period, and
DAO proposals for readjustments.
To know the step-by-step guide on how to stake your $ACE and EDAO tokens on the DAPPX platform read here.
How to Check the Balance for Earned UBI Compensation?
ACE Gov Pledging
EDAO earnings from the current stake are reflected in the Current EDAO Balance and Active EDAO of the account. Both are visible within the Governance/UBI Earning page.
Accumulated earnings are shown in Total EDAO Earned and are visible within the Governance staking section of the Acent page.
EDAO Gov Pledging
$ACE earnings from the current stake are reflected in the Current ACE Balance and Active ACE of the account. Both can be found on the Acent page.
Accumulated earnings are shown in Total ACE Earned through ACE pledging is visible within the Governance Stake section of the Governance/UBI Earning page.
The distribution of benefits among metaweb users is being strengthened to facilitate the mass adoption of this new decentralized gamified web service. The metaweb would continue to deliver blockchain apps with high impact and utilization, including play-to-earn games, and a metaverse platform that would share the goals of a decentralized autonomous organization.
Join the metaweb governance staking and earn passively from the thriving metaweb! Download the Acent Web 3.0 browser here, open an Acent metawallet, and connect your metawallet to the DAPPX profile.
Follow them on these channels to gain early influence!
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