DeFi gaming platform Tribally has officially launched its much-anticipated $TRIBAL staking contract on the Base mainnet. This new staking feature allows users to earn $USDC rewards by staking their $TRIBAL tokens and represents a key milestone in Tribally’s Q4 2024 roadmap.

The staking model is built to reward long-term engagement by prioritizing stability within the ecosystem over quick profits. Using a weighted rewards system, Tribally incentivizes sustained commitment and active participation. Users earn $USDC rewards by staking $TRIBAL, with a multiplier applied based on how long they choose to keep their tokens staked. Rewards calculations are applied on a per-user, per-schedule basis, and the $USDC staking rewards pool grows along with the platform's wagering volume. 

Staking reward amounts and eligibility are calculated every 24 hours, ensuring consistent and accurate rewards for users. The longer a user chooses to stake their tokens, the higher the rewards they get. Each staking schedule follows a custom multiplier schedule to ensure fairness and personalized reward distribution. Stakers have the flexibility to withdraw funds partially or fully at any time, with no lock-up periods or cooldowns on claims.

To further encourage long-term commitment, the system includes an anti-cheat mechanism, ensuring that rewards are only earned after the first 7 days of staking, and therefore cannot be claimed in less than a week. This discourages short-term staking solely for quick profits and promotes a healthier ecosystem overall.

Tribally’s staking feature was designed to offer Tribally users a flexible way to earn rewards while boosting the liquidity of $TRIBAL tokens. With this, Tribally marks a key milestone in its Q4 2024 roadmap with the goal of giving users complete control over their investments and empowering the community to get even more value from their participation 

In addition to staking, Tribally is also expanding its $USDC wagering capacity. Following the successful launch of $USDC wagering on Base, the platform is preparing to launch on Ronin soon. This new feature will enable peer-to-peer, on-chain wagering using $USDC within the Ronin ecosystem, allowing users to easily place wagers directly from their Ronin wallets on a variety of popular games.

As part of its long-term growth strategy, Tribally has also announced the upcoming $TRIBAL public sale and Token Generation Event (TGE), planned for late Q4 2024. The public sale will offer 5,000,000 $TRIBAL tokens at $0.05 each, representing a 90% reduction from the initial sale amount. Following the sale, the TGE will be held on Base via the Aerodrome DEX, as part of Tribally’s efforts to bring $TRIBAL to a broader market. To support these initiatives, Tribally has partnered with Swiss investment fund Clearstone Capital to oversee its Seed fundraising round and ensure the TGE proceeds smoothly.

With $TRIBAL staking live, $USDC wagering on Ronin around the corner, and a major public sale on the horizon, Tribally is gearing up to create an experience that’s not only fun but also offers genuine value to its community. Whether you’re a casual player, a hardcore gamer, or someone who recognizes the massive potential of the project, this is a great time to dive in and see what Tribally has to offer.

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