# Staking Platform

The Project will be working with the ADA Anvil Development Agency in relation to its staking platform and some of the highlevel design elements are set out below:

## **NFT STAKING** (Phase 1)

Non-custodial staking platform - tokens $EIGHT and $MAPS

Over all tokenomics **\[TBC]**

### Maps token ($MAPS)

* Passively generated for holding a Pirate NFT
* Rarity of pirate NFT determines the rate of distribution of $MAPS
* Family Crest determines distribution of $MAPS
* Distribution rate of $MAPS amplified by Kraken status
* 4 x $MAPS needed to complete treasure map for a voyage (depending on difficulty)

### Pieces of Eight ($EIGHT)

* Initial airdrop to community **\[TBC]**
* Earned as treasure through voyages and Treasure Hunts
* Used to purchase $MAPS
* Used to purchase OTK digital assets through project Market Place
* Liquidity pool rewards
* Used in mini-games (example [Liar's Dice](https://the-order-of-the-kraken.gitbook.io/otk/rayon-passage/roadmap-and-milestones/phase-2-current/liars-dice))
* Used to purchase OTK merchandise
* General Utility and in-game token (cosmetics, repair ships, upgrade ships etc)
