The Ape Society

Optional Non-Custodial Staking Partnerships

KWIC Holders can now stake their KWIC NFTs with TAS to earn their $SOCIETY token. This is a completely optional staking collaboration please always remember to do your own research! 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. 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. For more information: https://litepaper.theapesociety.io/cabins/framing-staking Official Link: https://www.theapesociety.io/