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Staking is a method for My Meta Farm to distribute $MMF tokens and DAO Power (DP) to supporters who have a long-term vision for the project. At the same time, it helps to stabilize the value of the $MMF token on the market by reducing the circulating supply of the token for a certain period of time. Furthermore, with some special staking options (requiring simultaneous staking of special NFTs) users can increase APR.
According to the original design, the total amount of tokens allocated for staking (Incentive) is 5% (equivalent to 50,000,000 $MMF). This number will be further increased (extracted from the allocation of Incentive and Reservation) in the next Phases of the project based on the decision of the DAO.
My Meta Farm provides many different staking options for users to choose from based on their investment needs and orientation.