Earn Rewards with SnuggleCleo Staking!
SnuggleCleo is excited to introduce its Staking Program, allowing SNUG holders to earn rewards while contributing to the long-term stability of the project.
By locking your tokens for a set period, you not only increase your holdings but also help reduce the circulating supply, strengthening the SNUG ecosystem.
Here’s everything you need to know about how staking works and why it benefits both you and the community.
How Does Staking Work?
The SnuggleCleo Staking Program allows users to lock their SNUG tokens for 90 days and earn additional SNUG as rewards.
🔹 Minimum Deposit: 5,000 SNUG
🔹 Lock Period: 90 days
🔹 Annual Percentage Yield (APY): 29,592%
🔹 Reward Rate: 0.000822 SNUG per staked token per day
For example, if you stake 1,000,000 SNUG, after 90 days, you will have earned approximately 73,900 SNUG in rewards.
Benefits for You
✔ Earn Passive Income: Your SNUG balance grows over time while you hold your tokens.
✔ Reduce Market Volatility: By locking tokens, you help stabilize the price of SNUG.
✔ Exclusive Early Access: Participants in this first staking pool will have early insights into future pools and benefits.
Benefits for the Community
✔ Reduces Circulating Supply: As more users stake, fewer SNUG tokens are available on the market, promoting scarcity.
✔ Strengthens the Ecosystem: A healthy staking program encourages long-term holders and discourages short-term speculation.
✔ Supports Future Development: The staking mechanism is designed to evolve and introduce new features over time.
Important Note on Staking Fees
The platform we are using for this initial Staking Program, charges a fee for staking operations. You will need to pay approximately 0.01221 SOL when you stake your tokens, which covers:
- 0.008 SOL → Service fee to Smithii.io
- 0.0042108 SOL → Network fee (Solana blockchain)
This fee is required to create the staking account and contract, ensuring your stake is secure and functional. We are working to reduce this cost!
How to Stake Your SNUG Tokens
Staking your SNUG tokens is a simple and quick process! Follow these steps to start earning rewards:
1️⃣ Click the button below to access the staking page.
2️⃣ Connect your Solana wallet (Solflare, Phantom, or another compatible wallet) that holds your SNUG tokens.
3️⃣ Once connected, you’ll see the staking interface.
4️⃣ Enter the amount of SNUG you want to stake.
5️⃣ Click “Stake” and confirm the transaction in your wallet.
That’s it! Your SNUG tokens will be locked, and you’ll start earning rewards. 🚀🐱
Ready to Stake? Join the Program Today!
Staking is a great way to earn more SNUG tokens while strengthening the project’s ecosystem. This is just the first staking pool, and we plan to expand with more options in the future based on community feedback.
Stay tuned for updates, and thank you for being a part of the SnuggleCleo journey!