Announcing the Mag Park VIP Membership Program Round 2

We are excited to announce the launch of the Mag Park Staking Pool 2! We estimate that the Staking Period will begin *at some point* on Wednesday, 9/8 (or more precisely on block #13185205; you can view Ethereum block numbers here).

For those of you who were not able to participate in the first staking pool, now is your chance!

The Mag Park Staking Pool 2 will function similarly to the first one, with some modifications & improvements outlined below.

  • The Mag Park Staking Pool 2 will offer 90% APY.
  • The Staking Period will last roughly 5 days, based on block time (not linear time).
  • The APY Period will last roughy 90 days, again, based on block time (not linear time).
  • 50 entrants will be randomly selected to become Mag Park VIP Members.

The Mag Park Staking Pool 2 consists of 4 distinct periods. Please follow our Twitter & Telegram Official Announcements channel for updates when each period begins & ends.

  1. Pool Locked — The period before the Staking Period begins. You can not interact with the pool during this period, with the exception of connecting your wallet, which is required to view the countdown timer to the next period. Make sure to have your SHOPX ready to go!
  2. Staking Open (Begins on block #13185205) — The period where you can deposit SHOPX & enter to become a Mag Park VIP Member. You can stake any amount & as many times as you want during this period. That said, you must stake at least 100 SHOPX to enter to become a Mag Park VIP Member. Once the Staking Period is closed, you will no longer be able to stake additional SHOPX.
  3. APY Open (Begins on block #13217706) — The period where stakers can earn 90% APY. APY is calculated based on the number of days your SHOPX are deposited in the pool.
  4. Pool Inactive (Begins on block #13802707) — The period where the APY reward stops & where stakers can move their SHOPX to another pool.

As a Mag Park VIP Member, you get the following perks:

  • Exclusive first access to the Mag Park x New Era release
  • VIP Member curated website with discounted rates
  • 30% off Magnolia Park merchandise

To become a Mag Park VIP Member, you must:

  • Stake at least 100 SHOPX within the Staking Period
  • Provide your name & email address

At the end of the Staking Period, 50 entrants will be randomly selected to become Mag Park VIP Members. You will be notified via email within 14 days after the end of the Staking Period whether or not you’ve been selected.

To earn 90% APY, you must:

  • Stake any amount of SHOPX within the Staking Period

The Mag Park Staking Pool will provide 90% APY for the duration of the APY Period, after which the pool will be disabled, which means stakers will no longer earn the 90% APY. Participants can unstake SHOPX at any time.

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