πŸ”’How to Stake

Introduction

Staking on the VectorChat Launchpad is an engaging and dynamic process, tailored to each unique project we support. As you embark on the staking journeyβ€”with our inaugural project, Cherryβ€”this guide will walk you through the current process. Be aware that this process might change for future projects as part of our broader initiative to customize each launch to best suit each project.

Getting Started

  1. Navigate to the Launchpad: Start by visiting launchpad.vectorchat.ai. This is your gateway to the staking process.

  2. Connect Your Wallet: Use your Web3 wallet to connect to the Launchpad. Click on "Connect" in the top right corner of the webpage and accept the connection request in your wallet.

  3. Access the Staking Section: Once connected, either scroll down the page or click on "Stake" in the banner to jump to the staking section.

  4. Enter Your Staking Amount: Decide how much $CHAT you want to stake. For staking the entire balance, click "Max." Confirm by clicking the big red "Stake" button.

  5. Approval Transaction: The Staking Smart Contract will ask for your approval to send the specified $CHAT amount from your wallet. Approve this to proceed.

    • Transaction Confirmation: You can track this transaction in your wallet and on Etherscan. Once it's complete, the next step will prompt automatically.

  6. Stake Confirmation: Next, approve the "Stake" transaction.

    • Finalizing Staking: Again, track this transaction in your wallet and on Etherscan. Once done, your "Staked balance" will update to reflect the new amount.

  7. Ready for Cherry Airdrop: With these steps completed, you are all set for the Cherry airdrop! You can see that your staked balance has updated with the $CHAT you've just staked!

Unstaking Process

  1. Switch to Unstake: To unstake, click on "Unstake" in the staking component.

  2. Enter Unstaking Amount: Choose how much $CHAT you wish to unstake. For the full amount, select "Max," and then hit the big red "Unstake" button.

  3. Approve Unstaking: Confirm the "Unstake" transaction, and your $CHAT will return to your wallet.

Note on Airdrop Eligibility: Unstaking any amount will reset your progress completely for the current airdrop. The airdrop criteria are based on the duration and amount staked, as well as your history with $CHAT. For detailed criteria, refer to the Launchpad section of the documentation.

πŸš€pageLaunchpad

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