Unstake $PEAK
Getting started
Step 1: Go to the staking subpage of our launchpad website:
Step 2: In the Staking area, scroll down a little until you see the 'Unstake PEAK' box.
Step 3: Before you unstake your $PEAK tokens, you have to consider if you have to pay a penalty fee. There are the following two scenarios:
Scenario 1: You already staked your $PEAK Tokens for more than eight weeks = NO PENALTY FEE
Scenario 2: You staked your $PEAK Tokens for less than eight weeks, or you are within the eighth week = PENALTY FEE between 5%-30%
If you stake your $PEAK Tokens for less than 8 weeks or you are within the eighth week, you will incur a penalty fee. In general, the penalty fee is a percentage that is withheld from the number of $PEAK tokens you wish to withdraw. The shorter the period, the higher the fee. This mechanism is intended to reward long-term $PEAK token holders and to punish short-term $PEAK token holders who have e.g. only staked in order to participate in one specific IDO. The gradations are the following:
Week 1: 30%
Week 2: 30%
Week 3: 20%
Week 4: 20%
Week 5: 10%
Week 6: 10%
Week 7: 5%
Week 8: 5%
Step 4: Now that you know whether you will have to pay a penalty fee, you can decide if you want to use option 1, 2, or 3. This consideration is important because every time an interaction with the smart contract is made, the penalty fee gets reset, and you have to wait eight weeks again before you can unstake or claim your $PEAK Tokens without having to pay penalty fees.
Step 5: In the Staking area, scroll down a bit until you see the 'My earned $PEAK' box. This gives you an overview of how many rewards you have already earned by staking your $PEAK tokens on our launchpad.
Beginning with Step 6, you have three different Options
In the next paragraphs, you will learn more about the three different options. Each option starts with step 5, assuming that you have already done steps 1 to 4 in order to get started.
Jump right into one option:
Option 1: Unstake any amount of $PEAK and claim your Rewards
Step 6: Enter the amount of $PEAK tokens you would like to withdraw in the gray field. Alternatively, you can click on the 'Max' button to have all $PEAK tokens, which you staked before, automatically entered into the field. As a third option, you can also use the slider to specify percentage-wise how many $PEAK tokens you want to withdraw.
Step 7: After you decided how many $PEAK Tokens you would like to withdraw, click on the blue 'Unstake PEAK' button to confirm the amount of $PEAK tokens.
Step 8: A pop-up window of your wallet will open, giving you an overview of your transaction. It will show you how much the expected transaction fee will be in BNB. Scroll down to see all the details.
Step 9: If you agree, click on the 'Confirm' button at the bottom of the pop-up window.
Step 10: If everything worked out (and you also had enough BNB in your wallet) a small info text will appear in the bottom left corner telling you that your transaction is pending.
Step 11: If everything went smoothly, you will receive two small pop-up windows. One from your wallet that the transaction has been confirmed, and one from our launchpad itself. That's it!
Option 2: Claim your rewards, without unstaking any of your $PEAK tokens
Step 6: Click on the white, blue framed 'Claim rewards' button to confirm that you would like to claim your rewards.
Step 7: A pop-up window will open asking you to confirm that you are aware of the fact that if you would like to claim your rewards and withdraw $PEAK afterward, the cooldown period will start over. This means that if you want to claim not only your rewards but also unstake all your $PEAK from the Staking Program in general, you should not proceed but click the 'Unstake all $PEAK and claim Rewards' button (see the related instructions below for more information). Besides that, the pop-up points out that every time you interact with our staking smart contract, the cooldown period will start all over again (whenever you deposit new $PEAK Tokens, pay out a portion, claim your $PEAK rewards, etc.). This means that if you want to withdraw a portion of your $PEAK tokens from the staking program, penalty fees will be applied again. Generally speaking, it takes 8 weeks until the cooldown period is over. Depending on how many weeks have passed since the last interaction, you will have to pay between 30% and 5% of your $PEAK Tokens. Beyond the 8 weeks, there is no further fee unless you interact with our staking smart contract again.
If you agree, click on the checkbox. After that the 'Claim' button will change its color from gray to blue and you can confirm everything.
Step 8: A pop-up window of your wallet will open, giving you an overview of your transaction. It will show you how much the expected transaction fee will be in BNB. Scroll down to see all the details.
Step 9: If you agree, click on the 'Confirm' button at the bottom of the pop-up window.
Step 10: If everything worked out (and you also had enough BNB in your wallet) a small info text will appear in the bottom left corner telling you that your transaction is pending.
Step 11: If everything went smoothly, you will receive two small pop-up windows. One from your wallet that the transaction has been confirmed, and one from our launchpad itself. That's it!
Option 3: Unstake all $PEAK and claim your Rewards
Step 6: In the Staking area, scroll down a little until you see the 'My earned $PEAK' box. This gives you an overview of how many rewards you have already earned by staking your $PEAK tokens on our launchpad.
Step 7: Click on the blue 'Unstake all PEAK and claim Rewards' button to confirm that you would like to withdraw all of your staked $PEAK tokens and additionally claim your rewards. Both transactions will be triggered simultaneously.
Step 8: A pop up window of your wallet will open giving you an overview of your transaction. It will show you how much the expected transaction fee will be in BNB. Scroll down to see all the details.
Step 9: If you agree, click on the 'Confirm' button at the bottom of the pop-up window.
Step 10: If everything worked out (and you also had enough BNB in your wallet) a small info text will appear in the bottom left corner telling you that we are withdrawing your funds.
Step 11: If everything went smoothly, you will receive two small pop-up windows. One from your wallet that the transaction has been confirmed, and one from our launchpad itself. That's it!
That's everything for now, depending on the option you choose, you will now hold your $PEAK tokens in your wallet.
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