STAKING $LUKT

Step-by-Step Guide to Staking your $LUKT tokens

Guide to Initiating Staking $LUKT

Step 1: Selecting Your Staking Amount

To begin, decide how many $LUKT tokens you wish to stake. You have two options:

• Max Option: Use this to stake all available $LUKT tokens in your wallet.

• Specific Amount: Enter the exact number of $LUKT tokens you want to stake.

Step 2: Approving the Staking Transaction

Next, you'll need to approve the staking transaction by clicking "Approve." This action, a blockchain transaction, incurs a gas fee because it authorizes the transfer of your tokens from your wallet to the Luckaton ecosystem.

Step 3: Confirming the Staking on the Blockchain

Then, confirm your intention to stake by clicking "Stake Now." This on-chain transaction also requires a gas fee, so ensure your wallet has sufficient ETH to cover this cost.

Reward Claiming Process

Once your tokens are staked, you'll start earning rewards. These can be claimed at any time without incurring a network fee, as they are managed within the $LUKT staking dapp's off-chain ecosystem. For more details on this process, refer to the relevant section.

Commencing the Lock Period

After confirming the staking transaction, your tokens (including any newly claimed rewards) will begin accruing APY immediately. Note that all staked tokens enter a 10-day lock period, during which you cannot unstake them.

This structured approach ensures a seamless and informed staking experience within the Luckaton ecosystem, encouraging participation while highlighting the steps and considerations involved in the staking process.