🗒️CAT++ Empowerment - Staking/ Voting (Developing)

Disclaimer: The following is the team’s preliminary architecture for empowering CAT++, which is not finalised, and the details will be gradually determined during the development process.

Stake CAT++ and vote your favourite token to earn CAT++

Introduction

In the future, users can stake CAT++ to obtain Vote-escrowd RGBCat (veCAT++). The longer they lock CAT++, the more veCAT++ they will receive. veCAT++ is a staked token for voting. Users can obtain the dual benefits of staking and voting from veCAT++, and the income will be distributed in the form of CAT++, which also means that RGBCat will use part of the income to repurchase CAT++ in the market.

Staking Cycle

A new staking cycle will be opened every 30 days. In the first 6 cycles after the function is opened, each cycle mining pool will release at least 10 million or more CAT++ (1.4% of the total supply). The CAT++ in the mining pool will be obtained from repo or treasury. Before the cycle starts, users can participate in staking and voting activities to obtain the income qualifications for the next cycle. Once the cycle begins, voting modifications cannot be made, and unstaking will also be regarded as giving up income.

Staking Rewards

Users who pledge CAT++ tokens can directly share 75% of the CAT++ on the mining pool, and the income will be based on the number of veCAT++ as an indicator, and the CAT++ on the mining pool will be distributed in a snapshot after a cycle.

Escrow Voting

veCAT++ has voting rights. Users can vote for existing tokens before the cycle starts. After the cycle ends, 25% of the CAT++ mining pool will be evenly distributed to the voting tokens held by veCAT++ based on the transaction volume accounting for the total transaction volume of the platform. who. After voting, the token will also reach a higher position of popularity. Token publishers can promote their tokens in the form of "bribes" with voting proceeds, and voters can also gain through the popularity of the project from more voting gains.

Unstaking

When a user stake CAT++, user must withdraw 100% of CAT++ after the lock-up period. If the user forcibly unstakes CAT++ before the lock-up period, CAT++ will be punished in proportion to time and the staking income of the cycle will be automatically given up.