1. What is NFT staking?

NFT staking is depositing NFTs in a blockchain network and receiving rewards for it for not selling the NFTs while they are staked.

Oppa Bear NFTs can be staked in Oppa Bear Staking platform to earn rewards without having to sell the NFTs. It works like a time deposit bank account: you deposit NFTs a certain amount of money and you will earn interest, OPB Token, on it. In NFT staking, instead of depositing money, you deposit NFTs and you will be compensated for earning OPB Token.

2. How does it work?

Oppa Bear NFT staking is a new concept that you will earn the token as the time you stake Oppa Bear NFT. The longer time you stake, the higher rewards you will get. Also, the lower number of NFT staking in the pool, the higher rewards you earn.

You are eligible to claim and collect the OPB Tokens once you stake your Oppa Bear NFTs in a certain period of time after staking 15 days.

3. What is OPB Token?

OPB Token is a token received from staking Oppa Bear NFTs in Oppa Bear staking platform. It can be used in numerous ways e.g. for discount in merch store, exchanging special limited NFT editions, discount from Oppa Bear's partnership, etc.

4. What is the minimum length of time for staking NFTs?

The minium length of time for staking NFTs is 15 days. Please note that you can claim your NFTs back to your wallet only after 15 days of staking. After 15 days of staking, you are eligible to claim your OPB Token reward.

5. What is the ARR for staking NFTs?

It depends on the number of participants who stake Oppa Bear NFTs in the staking platform. It can be varied ranging from 12% to high percentage of staking rewards e.g. 600%.

However, we are trying our best to control the maximum cap for earning rewards per day e.g. 25 OPB Token per day. This is to control the oversupply on OPB Token rewards in the Oppa Bear staking system. Even though, you will get high APR, but you will get max cap on earning per day.

6. What is the total supply of OPB Token?

The total supply of OPB Token is 300,000 OPB per pool. It can be distributed as follows:

  • 6.1 Staking & Rewards 30%: 90,000 OPB
  • 6.2 Community Incentive 20%: 60,000 OPB
  • 6.3 Marketing 20%: 60,000 OPB
  • 6.4 Team 20%: 60,000 OPB
  • 6.5 Liquidity 10%: 30,000 OPB

    • 7. What is the price of OPB Token?

    Due to that OPB Token is the decentralized token, not in the centralized exchange platform, the OPB Token will not be bounded by the price. However, we are trying to put 1 OPB Token = 0.3 USD as a reference price for exchanging token. Please note that the price can be fluctuated varying between time to time.