PARA Staking Launch

300% Representative Staking Options

3 min readAug 31, 2022

Cheyenne, WY — Wrinkle Werx Inc announces 300% representative staking options, NFT multipliers and the launch of the first ever token/NFT staking platform.

Utility in a Market Slump

Since January NFT sales are down 92% marketwide and resells have suffered a 46% drop of their own. The overall crypto market is down significantly on the year. The Para Prepper’s utility is bucking this trend. Wrinkle Werx Inc announces NFT staking multipliers and the launch of our ParaWerx (PARA) token staking platform.

Unlike most of the market, our NFT holders aren’t at the mercy of speculators and market fear. When staking ParaWerx (PARA) tokens our holders can earn high yields. When paired with the NFT multipliers the representation increases 5% for each staked NFT. Representation varies based upon the time an investor chooses to lock their tokens, the longer the lock the more representation.

Individuals that max-out the options provided will be given 300% their representation in the staking pool, earning a 3-times higher reward.

Staking in a Downtrend

There are few options for increasing your position in a downtrend. One of the most popular is staking, it is a painless process that allows you to earn more tokens just by holding.

Staking provides stabilizing benefits for token holders. As people stake sell pressure is alleviated. Creating a sturdy floor for new investment to take place.

Holders that stake are rewarded with more tokens. Their rewards are a factor of their representation relative to others participating in the staking pool. Example, if you are the only person in the staking pool then you will collect 100% of the rewards because you represent 100% of the staked tokens. Now if someone joins you and stakes an equal amount of tokens then you both share 50% of the pool and thereby earning 50% of the rewards.

Multipliers, like the Para Preppers NFT, increase your representation in the pool, earning more rewards than you would otherwise get.

Claim Rewards Daily

Users of this — first of its kind — staking platform are able to claim their rewards on a 24 hours basis! By no means are you required to claim, you can let them pile up as long as your prefer. Locking your tokens does not prevent you from claiming your rewards.

This is a wonderful feature which allows you to re-stake your rewards, compounding your position. Many investors in the community have discussed using their rewards to purchase more NFTs.