Did you invest in the $BLU token ICO on BCC? Congratulations on securing a potential source of residual income across various blockchains, starting with Cronos. There are only 20 million $BLU tokens available, so once they’re gone, they’re gone. Now that you have your $BLU tokens in your wallet, what’s your next move?
Head over to the BlueSpade website and stake your $BLU tokens. Staking the $BLU token generates rewards, including $esBLU, in a linear manner. By claiming the rewards, you receive matured $esBLU, and you have two options to utilize it. You can stake it in the $esBLU staking contract to earn additional $esBLU and platform fee rewards, or you can stake it in the vesting vault to receive $BLU gradually. Moreover, staked $BLU tokens are eligible to claim 30% of platform fee rewards.
For instance, if you stake 365 $BLU tokens and wait 5 days, you can claim 5 $esBLU tokens. You can choose to stake them for more $esBLU and platform fee rewards, or vest them to receive $BLU in a shorter timeframe.
To vest your $esBLU into $BLU, deposit the $esBLU into the vesting vault while continuing to hold and stake the original BLU that was used to earn them.
Once you have received $esBLU, you have three options for the staked $BLU token:
- Keep your $BLU tokens staked.
- Unstake your $BLU tokens and keep them in your wallet.
- Unstake your $BLU tokens and sell them.
Considering the limited token supply, it’s expected that the value of each $BLU token will increase over time. Therefore, it’s generally more advantageous to hold onto your $BLU tokens, but please note that this is not financial advice.
Keep in mind that once you unstake your $BLU tokens, you won’t be able to stake them again for more $esBlu tokens. The contract is designed to allow each $BLU token to emit only one $esBlu token. To be eligible for trading fee rewards, it is necessary to stake the $BLU token.
