Doge Capital, an NFT platform built on the Solana blockchain, has unveiled a staking program for its users. According to the platform through a press release, the staking program will add more value to the 5000 NFT collection. Moreover, the non-fungible market is largely affected by speculation as is the case with the crypto market. Thereby, Doge Capital associated NFTs have a vantage point to other digital art collectibles in the market.
The company explained that the staking program requires users to hold at least one of the 5000 NFTs. Notably, each NFT is guaranteed to be unique through a computer program. Consequently, users have no cause for worry over art uniqueness.
The Doge Capital platform is committed to providing more use cases for its users through NFT acquisition. “Staking will lead to a consistent income stream through the release of Doge Capital’s utility token, the $DAWG. Apart from this, the Doge Capital platform will also be backing its users through the procurement of other NFTs. Every NFT acquired by Doge Capital will be put in the WoofBank, a community wallet. Since users will be holding Doge NFTs and $DAWG, they will be the true owner of the bank,” the firm noted.
Doge Capital ventures into a fast-growing industry of digital art collectibles. More so a time when the art industry, luxury industry, crypto market, and the blockchain industry have come together for the mutual growth benefit.
The Doge Capital platform has its native token $DAWG listed on two crypto platforms: Raydium and Dexlab. Consequently, users can seamlessly liquidate their NFT and at the same time purchase more $DAWG tokens.
According to the company, users who stake their Doge NFT will earn approximately 5 $DAWG tokens per day. On the other hand, an airdropped NFT will earn one $DAWG token daily. Notably, the company said that it will continue to introduce supplementary NFTs to cater to the airdrops.
“Doge Capital will continue to drop supplementary NFTs so that airdropped NFTs are available for users to burn should they want to claim their rewards multiple times,” the firm noted.
There are 30 million $DAWG tokens in total supply, out of which the current circulating supply stands at 1.5 million. Doge Capital clarified that the current circulating supply will remain the same until the NFT staking is live.