R-Planet's New NFT Staking Hub + MetaFarming

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R-Planet is one of the first games I played on the WAX blockchain and the first place I ever staked an NFT. Things are changing and the next phase of the game is coming.

New Staking Hub

R-Planet currently exists as a game that really consists of a couple things. Staking NFTs to mine AETHER, the native cryptocurrency. Using the mined AETHER to combine the 4 basic elements to discover new elements. The next phase is going to be a completely new military style real-time strategy game. I'm actually really excited for it. A lot of people have given up all hope for R-Planet's future and whatnot. Not me, I have always loved it. It's really one of the first WAX blockchain projects I ever took part in and seeing it evolve over the years has been awesome. Will the AETHER token ever get to the all time high prices it hit again? Doubtful. But it will serve a lot of purposes in the new game. It also recently gained some utility with the introduction of the new staking mechanism, and that's what we're here to look at.

As you can see here, the governance of the whole R-Planet ecosystem depends on this page. On the Staking Hub page, players have the ability to stake their AETHER to a project by "Voting". This stakes their AETHER to a project for 30 days in order to boost the project's number on the list. Only 21 projects can have NFT staking and the lower down the list, the lower the staking pool. So if you want to support an NFT project for NFT staking on R-Planet, you can do that here. You can also click on each project to be taken to the NFT staking page. This will show all of your NFTs from that particular project and how much their AETHER staking rate is. The AETHER staking rate is an hourly rate at which AETHER is mined by each NFT. The other new mechanic here is the AETHER Claim Limit.

Your claim limit is 10,000 AETHER to start with and you must pay AETHER to increase it. The gamified aspect is that it declines by 1% per hour so you have to keep burning AETHER to keep your claim limit high enough. If you claim 300,000 AEHTER and your claim limit is only 10,000... The other 290,000 AETHER is burned. This creates a sink for AETHER which is designed to combat the previously insanely high inflation rate of the token. The other great utility for AETHER is the ability to use it to Bid in RDAO auctions. RDAO is the R-Planet DAO token that was recently introduced that will be used to vote on proposals, presumably when the Conquest game is live or some time after. Holding RDAO tokens also entitles you as a holder to your proportional share of 75% of the game's revenue earnings.

Every day, 5,000 RDAO tokens are "auctioned" for AETHER and 5,000 are auctioned for APH. APH is another new token that is only going to be of use for the auction period. APH is acquired by burning R-Planet Elements that mine AETHER. Let's say the NFT's stake rate is 700 AETHER, you'll get 700 APH for burning it. I don't really see the need for this aside from burning useless elements. So you can spend your AETHER by bidding whatever amount you want and at the end of each day, you're able to claim your proportional share of the 5,000 RDAO tokens based on how much people bid. This means that the price in terms of AETHER is constantly fluctuating as you can see on the graph.

Metafarming

This is where you're able to stake your RDAO tokens to earn WAX! That's really fucking cool. Honestly it's my favorite addition. Not only will I eventually be earning revenue share by holding the RDAO tokens, but I'll be accumulating WAX rewards while they're staked through the auction period.

You can also stake LP tokens from DefiBox for the AETHER-WAX and RDAO-WAX pairs. This will earn you RDAO tokens so if you happen to have some of those tokens laying around, it's a great opportunity to put them to work. I forgot how many random WAX tokens I had until I hopped on Alcor to check for some tokens. I staked all the RDAO I got from airdrops and will be accumulating for the entire auction period because I'm literally just spending the AETHER I get for free anyway. Might as well take advantage of it. Maybe the RDAO tokens will have actual value one day. Maybe not. I don't really care. I just wanna earn some free crypto and play a cool game.