KokoSwap is a one-of-a-kind product that combines the potential of decentralized finance with the enjoyment of NFT gaming. However, to say that KokoSwap is an immersive NFT gaming platform will be reductive as the Koko ecosystem includes a variety of products, including KOKOSTAKE.
KOKOSTAKE is a revolutionary staking platform by KokoSwap that helps users earn passive income by staking their crypto assets. The Koko token transforms KokoSwap into a publicly owned, self-sufficient ecosystem with smooth, secure, and strong governance. The token is used within the ecosystem for all the products such as KokoSwap, KokoAvatar, KokoStake and KokoArcade.
However, one of the best use cases of $KOKO is staking on KokoStake as it allows users to earn extra rewards on their existing supply.
KokoStake
KokoStake is a staking platform by the KokoSwap ecosystem which includes,
- Users can diversify their income streams with KokoStake by investing and staking their idle funds for high returns.
- KokoStake allows users to stake Ether or KOKO tokens to earn high annual interest and generate good passive income.
- The minimum staking period is one year, and the staking program lasts two years.
Staking can be a confusing process, especially for new users. However, users can follow the below steps for staking on the platform.
- First, visit KokoSwap’s official website.
- Users will see a “Buy $KOKO” option in the top-right corner on the landing page.
- Click on the “Buy $KOKO” option, and users will see two options, “Uniswap” and “Card/Bank Transfer.”
- To Stake $KOKO, click on the “Uniswap” option, which will redirect the user to Uniswap’s browser app.
- On Uniswap’s browser app, users will see four options on the top-right corner: “Swap,” “Pool,” “Vote,” and “Charts.”
- Click on the “Pool” tab to start the staking process.
- On the “Pool” tab, users will have to connect a wallet. Uniswap provides support for various wallets such as MetaMask, WalletConnect, Coinbase Wallet, Fortmatic, Portis.
- Users have to connect the wallet in which $KOKO tokens are present.
- After that, click on the “View V2 Liquidity” option on the bottom at the center of the webpage.
- The button will redirect users to a V2 pool page where they can provide liquidity.
- To add liquidity, click on the “Add V2 Liquidity” tab.
- On clicking, users will be presented to choose the amount of token to stake. On the top drop-down menu, select ETH, and on the bottom, choose KOKO by searching for the token.
- After confirming all the steps, select confirm and click on approve.
- Upon completion of the approval step, users are required to click on supply.
- Users will receive UNI-LP and can see the UNI-LP on the same page once the transaction is confirmed.
- The next step is to add UNI-LP on the Staking portal.
- To begin, go to staking.kokoswap.org and select KOKO-ETH LP.
- Wait for the platform’s green signal with the transaction approval after clicking the “Approve” button.
- Click on the “+” icon, then on Max, or enter the amount of UNI-LP you want to add, then click on deposit.
- Once the transaction is confirmed, users will be able to see the UNI-LP staked token as well as the earned koko rewards on the left panel.
Note — Staking $KOKO will earn users 0.3% of all trades on the ETH/KOKO pair proportional to their share of the pool.
About KokoSwap
KokoSwap is a unique product that combines the excitement and thrill of NFT gaming with the magic and wonders of decentralized finance.
KoKoSwap is a publicly owned and self-sufficient ecosystem that aims to combine the DeFi and NFT spaces by incorporating games, rare in-game NFTs, and staking capabilities. KoKoSwap offers a comprehensive ecosystem for the modern user to leverage the platform’s core features and experience higher yields in an entertaining and engaging way.
