![]() If you are a first-time user, you have to enable first before actually depositing your tokens into the stake pool. To stake on any pool, click on the Details tab. Users are required to change the network setting of their wallet to Ethereum while staking their tokens. Note that the staking pools are available in the Ethereum network. You cannot participate in IDO if you have staked your tokens in a pool labeled Without IDO. Whereas pools without IDO simply offer you rewards. Staking your PKF/LP-PKF token into the pools with IDO allows you to take part in an IDO. These pools come with IDO and without IDO facilities. Linear Rate- Users will receive a reward depending upon the period their token is staked into the pool.The more you stake, the greater the reward Allocation- Here the user will earn staking rewards for each new block creation.The platform has two types of staking pools: Finished- Closed staking pool and you cannot participate.Live- Active stake pool, you can stake and earn rewards.You will get the below screen.Īs you can see, the Red Kite platform contains pools with two statuses: To stake your token, visit the link here. Note that the staking pools are currently live on the Ethereum network. ![]() Users need to stake PKF/ LP-PKF tokens into the staking pool. The below chart contains the minimum PKF tokens required for each level along with the benefits associated with it. For each stake LP-PKF, you will earn 400 Red Kite points. The LP-PKF can then be staked into the Red Kite staking pool. Add Liquidity into Uniswap V2 liquidity pool- Users can provide liquidity into the Uniswap liquidity pool with token pair PKF-ETH.With each staked PKF, you will earn 1 Red Kite point Staking PKF- Stake PKF into the Red Kite staking pool.Users can earn Red Kite points by using the following two methods: In Red Kite, the tier of a user is determined by the total number of Red Kite points that they are holding. You can check the complete list here.Īs we have mentioned earlier, investors are categorized into multiple levels each holding different benefits. Users can get the PKF token from any of the below platforms. Users can access the platform by using their Metamask, Wallet Connect, and Binance Smart Chain (BSC) wallet. The platform allows you to connect with the Ethereum, Binance Smart Chain, and Polygon networks. To use the Red Kite platform, visit their page. In this article, we will explain where you can get the platform natives PKF token, how you can stake it, and how to participate in an IDO. After that users just need to apply for project whitelisting to participate in their IDO. However, for guaranteed allocation, they need to stake more than 40k PKF tokens (Eagle).Īccount-holders also need to undergo a KYC process powered by Icetea Labs KYC on Blockpass. Users can stake a minimum of 500 PKF tokens (Dove tier) to take part in an IDO. The more PKF you stake, the higher will be your tier and hence your allocation will be more. The platform uses a tiered system depending upon the PKF token you are staking. ![]() ![]() Token holders need to stake their PKF tokens into the stake pool to become eligible for the IDO. Red Kite uses its native PKF token for governance. The platform allows new crypto projects to raise funds and launch their tokens. Red Kite is a launchpad and one of the most popular products in the PolkaFoundry ecosystem.
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