🍿Staking Dapp

If the launch goes as planned then soon after the team will release a staking dapp. On this custom made decentralized application, SIR holders can stake their tokens to earn a fixed APY. This percentage can range depending on how long the holder will lock-up their token. If a lot of holders lock-up their tokens the circulating supply will decrease which is bullish for the project. A potential configuration of how the lock-up period and potential APY rewards will look like:

Lock-up Period	Annual Percentage Yield (APY)
7 Days	5%
14 Days	7%
30 Days	10%

For Staking it is important to have an attractive reward to encourage holders to lock-up their tokens. However, you also don't want to make the rewards too high as that will unlock too many tokens into the market. Overall, staking will help reduce sell pressure and improve 1000X potential.