Staking System

Paragen
2 min readMar 2, 2022

Paragen is native to BSC and will be live on the BSC Mainnet, hence after connecting your 0x bsc mainnet wallet, you have the option to link a solana address to your account. We may launch Solana projects and since Solana uses a different wallet we have integrated a section to link your Solana Wallet to your main account. Solana Supported wallets include : Trust Wallet, Solflare, Phantom etc.

After Connecting to Paragen Via BSC Mainnet, you can go to account and link a Solana Wallet Address.

Staking is an integral part of participation, as you must stake your RGEN tokens in order to participate. To participate, stake your RGEN tokens in the desirable tier that meet your amount of tokens.

Staking Rewards

Paragen has a tempting staking rewarding system and is required to participate in any upcoming IGO’s.

You Must stake your RGEN tokens 24 hours before the IGO to be whitelisted since the snapshots are taken 24 hours before each project IGO initiation.

Paragen currently uses only a single staking system, which means you only need to stake RGEN to reap rewards and participate.

The current Lock, Participate and Earn system is as follows per Staking time. Note the minimum staking time is 7 days.

Staking Time and Rewards:

  • 7 days — 6% APY
  • 14 days — 13% APY
  • 30 days — 30% APY
  • 60 days — 65% APY
  • 90 days — 80% APY

Premature/Early Unstaking — Tokens are locked until maturity dates that you staked for. However if unstaked prior to maturity, there will incur a 5% unstaking penalty fee.

Staking system

You may unstake at anytime after the period has ended to avoid any fee incursion. See above.

--

--