Get started by going to the Staking page in Launch, where you can get an overview of $MERIT, as well as of the Launch Tiers.
On the Staking page you will see options for Flexible Staking and Locked Staking. You can select either option.
Specify the amount of NXRA you want to stake, then click ‘Approve.’ A wallet popup will appear, asking for permission to approve the use of the NXRA token, and an additional one will let you confirm the transaction.
Note that you can always Unstake your NXRA at any time, if the Flexible option is selected.
If you select ‘Locked Staking,’ you will be able to specify the amount of NXRA you want to stake and the Staking Period in three, six or twelve months. You will also see a calculation of the $MERIT you will receive upfront in exchange for locking your tokens on the platform.
When you click on ‘Approve,’ a wallet popup will appear, asking for permission to approve the use of the NXRA token, and an additional one will let you confirm the transaction.
Once you have successfully staked your NXRA on Launch, you will be able to see the status of your staking and your NXRA and $MERIT balances on the Staking page.
The maximum amount of NXRA that can be staked on the 4 supported networks is 1 Million in Flexible staking, plus 1 Million in Locked staking.
Therefore, 2 Million NXRA in total, per network.
