Access Clubs 2.0 is here — introducing Access Pools ✨
Project Plutus 💸— Gen Access Clubs 2.0
Earlier this week we unveiled the first of four major components of the GenShards 2.0 Arsenal (Project Themis — GS Karma). Today we’re excited to announce the second key piece of GS 2.0 — Project Plutus — a major upgrade to the existing Access Club system.🔥
Project Plutus 💰
As part of GS 2.0, Project Plutus will revamp Genpad Access Clubs and the NFTO whitelisting process.
In this post we introduce Access Clubs 2.0. More details on the new ( gamified ;) ) whitelisting process will come in the next few days.
Access Clubs 2.0 — powered by GS Access Pools 💪
GS Access Clubs provide priority access to GenShards NFTOs.In the current process, your Access Club tier is decided through the number of GS tokens held in your wallet.
In Access Club 2.0, tiers will be decided through staking of GS tokens in special purpose pools called Access Pools ✨
Minimum token count for eligibility will remain the same across clubs (Silver — 2000 tokens | Pink — 7500 tokens | Gold — 15000 tokens | Black — 30000 tokens) : only now, you will need to stake the tokens in an Access Pool instead of holding them in wallets.
[ Note that the whitelisting process is also being overhauled and gamified — more details coming soon. ]
So now you not only get to take part in GS NFTOs, but also earn a yield on your holdings in GS Karma ($GSK) tokens (Note that Access Pools are one of the major ways to earn GSK)
$GS Access Pool features 📊
The GS — BSC & ETH Access pools are now live (access here).
- Token to be staked — GS
- Pool type — open ended
- Chains — 2 pools : 1) Binance Smart Chain 2) Ethereum
- Type of pool — Single-sided flash pool & Access Pool
- Duration — Perpetual
- Lockup — No lockup
- Confirmed annual return of 12% (in GSK tokens)
Migrating from Access Clubs 1.0 to Access Clubs 2.0 ↗️
Access Clubs 2.0 requires mandatory staking in an Access Pool — hence existing Access Club members will need to stake in order to maintain Club privileges. There will be a migration window of 10 days.
Please ensure that your staking is completed by 2Jan22 1PM UTC to ensure uninterrupted Club benefits
Swapping GS from ETH to BSC chain
You can swap your $GS from ETH to BSC using Anyswap, if you wish to stake using the BSC pool (recommended, due to much lower fees)
AnySwap — Cross Chain Protocol
GS eth contract address (enter this on Anyswap to swap from ETH to BSC) — 0xe0B9a2C3E9f40CF74B2C7F591B2b0CCa055c3112
Steps to Stake your Tokens in the Access Pool
The steps are exactly the same as in regular GS staking pools
👉 Follow these four simple steps to stake
1 — Go to the Staking Platform
Go to — app.genshards.com/staking
Select BSC/ETH chain on the top right
2 — Approve connection on Metamask
Connect your metamask (in BSC/ETH) and click the red “Approve” button
Notes -
- Please do not speed up the Metamask transaction, once begun
- Please do not refresh the page while the transaction is being processed
- Please do not refresh the page while the transaction is being processed
3 — Select no. of tokens to stake
In the stake box,
a) Enter the number of GS tokens you wish to stake
You can enter a number manually, or click “max” to stake all the GS tokens in your wallet
b) Click on “Stake”
Once staked successfully, the no. of tokens staked currently will show up on the top.
4 — Claim rewards and/or Withdraw Staked Tokens
There are 3 options here (see snapshot below)-
a) “Withdraw” — Enter the #tokens to be withdrawn and click on this button, to withdraw some or all staked tokens
b) “Claim Reward”- Claim the rewards (in GSK) into your wallet
c) “Claim and Withdraw All” — Self explanatory
