The Staking System is an innovative feature of "The Sovanicci Immortals" collection, designed to reward NFT holders and enhance user engagement. By staking their NFTs, holders can earn Sova Coins, which can be used within the ecosystem for various purposes. The system is structured to incentivize long-term holding and participation in the community.

1. Staking NFTs:

• Eligibility: Only NFTs from "The Sovanicci Immortals" collection can be staked. Each NFT, depending on its Tier and Subgroup, has a different staking value.
• Staking Portal: Users will access the staking portal via the official website. They must connect their crypto wallet to the portal to interact with the staking system.

2. Staking Process:

1. Step 1: Connect your wallet (e.g., Phantom, MetaMask) to the staking portal.
2. Step 2: Select the NFT(s) you wish to stake from your connected wallet.
3. Step 3: Confirm the staking transaction. Once confirmed, the NFT is transferred to a middle wallet (staking smart contract) and locked for the staking duration.

3. Earning Sova Coins:

• Reward Calculation: The amount of Sova Coins earned depends on the Tier and Subgroup of the staked NFT, as well as the staking duration. Higher Tier NFTs and rarer Subgroups harvest more Sova Coins. Multipliers are stated on the portal.
• Reward Distribution: Sova Coin is distributed in weekly periods. Users can claim their rewards from the staking portal.
• Bonus Rewards: Additional rewards may be given for longer staking durations or for staking higher Tier NFTs or special release NFTs.

4. Staking Durations:

• Users can choose from different staking periods (e.g., 1 month, 3 months, 6 months). Longer staking periods typically offer higher rewards.
• Early withdrawal is possible but may incur a penalty, reducing the total earned Sova Coins.

5. Unstaking NFTs:

• End of Staking Period: At the end of the chosen staking period, users can unstake their NFTs from the staking portal.
• Immediate Unstaking: Immediate unstaking before the end of the staking period is allowed but may result in a reduced reward and a penalty fee.
• Unstaking Process:
  • Step 1: Access the staking portal and navigate to the "Unstake" section.
  • Step 2: Select the NFT(s) you wish to unstake.
  • Step 3: Confirm the unstaking transaction. The NFT is returned to your connected wallet.

1. Supported Wallets:

• The staking system supports popular Solana wallets such as Phantom, MetaMask, Sollet, and Solflare.
• Users need to ensure they have a Solana-compatible wallet to interact with the staking system and receive Sova Coins.

2. Connecting Wallets:

• Users will connect their wallets to the staking portal through a secure connection.
• The connected wallet will be used to manage the staking transactions and to store the earned Sova Coins.

3. Security:

• The staking system employs robust security measures to protect users' assets.
• Smart contracts are audited to ensure the integrity and security of the staking process.

1. Purchases within Soda Club:

• Sova Coin can be used to purchase exclusive items, access events, and participate in special offers within the Soda Club.
• Members can use Sova Coins to buy limited edition NFTs, merchandise, and other collectibles.

2. Reward System:

• The staking system enables users to earn Sova Coins passively by holding and staking their NFTs.
• Sova Coins earned can be reinvested into the ecosystem, used for transactions, or traded on supported exchanges.