Locked Staking

"The more $PARAS you lock, the higher your probability of winning the raffle." How does this work? If I stake 6,000 $PARAS will I have a better chance than someone who stakes 3,000 $PARAS? Or is everyone with a Platinum seat equal, regardless of how much they stake past 3,000 Paras?

The proportion of winning depends on how many $PARAS you stake. So, yes, the more you stake, the bigger your chance to win. We want to minimize the possibility of fraud, such as users creating multiple accounts to win the raffle. By doing this, we hope you can put your mind at ease and focus on managing 1 wallet for the Paras Loyalty.

Is there any benefit of locking for 90 days instead of 30 days?

No, there is not. However, by choosing 90 Days, you don't have to worry about forgetting to relock your Paras for the next raffle.

What does it mean to have a Bronze member badge?

Bronze level is for users who lock less than 500 $PARAS. For more details on Paras Loyalty levels, please visit our Paras Loyalty page here https://paras.id/loyalty.

I am a platinum member. How do I sign up for the raffles?

You can check the monthly raffle registration mechanism & period here https://paras.id/loyalty. For September, you can register from the 19th until 25th, 2022. Silver, Gold, and Platinum members will receive a pop-up message or notification to sign up for the raffle during the registration period.

Do I have to do the flexible staking before locking my $PARAS?

No, you can directly put the existing $PARAS in your wallet into locked staking without joining the flexible staking

How do I claim the locked staking rewards?

The amount of 'Claimable Rewards' on the staking page is an accumulation of your flexible staking and locked staking rewards. You can claim the rewards without unstaking your $PARAS.

For more information, please visit https://paras.id/loyalty

If you have more questions, please reach out to our social media channels:

Discord: https://discord.paras.id/

Telegram: https://t.me/parashq

Twitter: https://twitter.com/ParasHQ

Instagram: https://instagram.com/paras.hq