Stake-to-Own: How It Works
Stake-to-own is our unique mechanism for using $RUM tokens to acquire NFT Genesis Pirates and Islands from the Arrland Archipelago. You can own both without giving up either, but the number of such staking pools will be limited. Instead of spending $RUM to buy, you just need to win an auction to freeze a certain amount of $RUM to get the NFT token of your choice immediately.
How it works:
- Prepare Yourself: Have an appropriate amount of $RUM ready.
- Browse Auctions: Check out the staking auctions when they become available on Arrland Auctions and choose the one you want to participate in.
- Place Your Bid: Bid on a given auction by offering the amount of $RUM tokens you are willing to freeze for up to 365 days.
- Win the Auction: If you win the auction, the tokens are deposited in the smart contract and locked for a specified period.
- Receive Your NFT: The NFTs will be minted directly to your wallet on Polygon after the auction finishes, and you can use them instantly in our game!
