Overview of Staking Platform

The Galileo Staking Platform is designed to integrate Nebula Odyssey NFTs and LEOX tokens in a system that rewards users for their participation. The platform offers users the ability to stake Nebula Odyssey NFTs alongside LEOX tokens to earn rewards, loyalty points, and governance rights within the ecosystem.

1. Staking Nebula NFTs and LEOX Tokens

To participate in the staking platform, users must first own a Nebula Odyssey NFT. Staking begins with the Nebula NFT, after which users can stake LEOX tokens against the already staked NFT. Staking a Nebula NFT is essential to participate in the staking process and earn rewards, whereas staking LEOX against the Nebula NFTs will increase the share of your rewards earned.

2. Locked Staking Periods

Users have the flexibility to choose from various staking periods: 1 month, 3 months, 6 months, 12 months, or 24 months. During these periods, both the Nebula NFT and the staked LEOX tokens are locked, meaning they cannot be unstaked before the selected period ends. However, LEOX rewards can still be claimed anytime during the staking period.

3. Unstaking Rules

At the end of the staking period, users can unstake their Nebula NFTs and the associated LEOX tokens. Unstaking a Nebula NFT automatically unstakes all the LEOX tokens staked against it. Partial unstaking of LEOX without unstaking the Nebula NFT is not permitted, ensuring a strong link between both assets.

4. Earning Rewards

Rewards are distributed daily in LEOX tokens. The amount of rewards each staker receives is proportional to their share of the total points pool, which is calculated based on their Nebula Status, the amount of LEOX staked, and the staking period they choose. The longer and larger the stake, the more points and rewards the user can earn.

5. Loyalty Points and Governance

In addition to LEOX rewards, staking also grants loyalty points that can be redeemed for various benefits within the Galileo ecosystem. These include early access to marketplace products, discounts, exclusive features, and even voting rights in important governance decisions. This incentivizes stakers to not only hold their positions but also to actively participate in the growth and evolution of the ecosystem.

By combining the staking of Nebula NFTs and LEOX tokens, the platform creates a dynamic and rewarding experience for long-term participants, offering both financial incentives and governance privileges within the Galileo Protocol ecosystem.