YageCoin Staking Terms & Conditions

Last Updated: [Current Date]

1. Definition of Staking

Staking refers to the process of locking your YGCT or YGC tokens in our platform for a specified period to receive rewards. Staking is a utility feature of our tokens, NOT an investment contract or security offering.

2. Token Utility

YGCT and YGC are utility tokens that provide:

• Platform fee discounts
• Cashback multipliers
• Access to premium features
• Governance participation (future)
• Reward accumulation through staking

They are NOT: Securities, investment contracts, equity, profit-sharing instruments, or guaranteed stores of value.

3. Staking Tiers and APY

3.1 YGCT Staking Tiers:

• Flexible: 15% APY, no lock period
• Silver: 30% APY, 30-day lock
• Gold: 50% APY, 90-day lock
• Diamond: 100% APY, 180-day lock

3.2 YGC Staking Tiers:

• Degen: 25% APY, no lock period
• Moon Chaser: 69% APY, 30-day lock
• Diamond Hands: 420% APY, 90-day lock

3.3 APY Disclaimer:

APY rates are VARIABLE and NOT GUARANTEED. We reserve the right to adjust APY rates at any time based on:

• Platform revenue and sustainability
• Token supply and demand
• Market conditions
• Total Value Locked (TVL)

Changes to APY may apply to new stakes immediately and to existing stakes at our discretion with notice.

4. Lock Periods

4.1 Locked Stakes:

When you choose a locked tier (Silver, Gold, Diamond for YGCT; Moon Chaser, Diamond Hands for YGC), your tokens are locked for the specified period. During this time:

• You CANNOT withdraw your staked tokens
• Tokens are inaccessible until lock period ends
• No emergency withdrawal option
• Early unstaking results in penalties (see section 5)

4.2 Flexible Stakes:

Flexible tier allows withdrawal at any time without penalties, but offers lower APY.

5. Early Unstaking Penalties

If you request early unstaking from a locked tier:

• Penalty Fee: 10% of staked principal
• Forfeited Rewards: All accumulated rewards are lost
• Processing Time: 7-14 days for manual review

We strongly discourage early unstaking. Only stake amounts you can afford to lock for the full period.

6. Rewards Calculation and Distribution

6.1 How Rewards Work:

Rewards = (Staked Amount × APY) / 365 days

Rewards accumulate daily from the moment your stake is activated.

6.2 Distribution Schedule:

• Rewards calculated daily
• Distribution occurs weekly or monthly
• Minimum claimable amount: 1 token
• Rewards sent directly to your wallet

6.3 Reward Source:

Staking rewards come from:

• Platform transaction fees (swap/bridge commissions)
• Token allocation reserves for staking incentives
• Ecosystem growth initiatives

Rewards are sustainable as they're tied to real platform revenue and usage.

7. Risks

7.1 Token Price Volatility:

• Token prices can fluctuate dramatically
• You may lose significant value even while earning rewards
• Example: 50% APY but token drops 60% = net loss
• Staking rewards DO NOT compensate for price decreases

7.2 Smart Contract Risk:

• Smart contracts may contain bugs or vulnerabilities
• Hacks or exploits could result in total loss
• We conduct security reviews but cannot guarantee 100% security
• DeFi protocols have been hacked historically

7.3 Liquidity Risk:

• During lock period, you cannot access your tokens
• You cannot sell even if price is dropping
• Emergency situations (medical, financial) don't bypass lock

7.4 Regulatory Risk:

• Cryptocurrency regulations are evolving
• Future laws may restrict or prohibit staking
• We may need to discontinue service in certain jurisdictions
• Tax implications vary by country - consult tax advisor

7.5 Platform Risk:

• YageCoin platform may cease operations
• Technical failures could delay or prevent withdrawals
• We're not liable for losses due to platform issues

7.6 Impermanent Loss:

While staking itself doesn't cause impermanent loss, if you're staking LP tokens or comparing to other DeFi strategies, opportunity cost is real.

8. Eligibility and Restrictions

8.1 Who Can Stake:

• Must be 18+ years old
• Cryptocurrency must be legal in your jurisdiction
• Not a resident of prohibited countries (see main Terms)
• Comply with local tax and reporting requirements

8.2 Minimum Stakes:

• YGCT: 100 tokens minimum
• YGC: 1,000 tokens minimum

8.3 Maximum Stakes:

No maximum, but extremely large stakes may be subject to additional verification.

9. How to Stake

9.1 Process:

1. Connect Web3 wallet (MetaMask, etc.)
2. Choose token (YGCT or YGC)
3. Select tier and lock period
4. Send tokens to staking address provided
5. Submit transaction hash for verification
6. Wait 24-48 hours for activation
7. Rewards begin accumulating after activation

9.2 Verification:

We manually verify all stake transactions to prevent fraud. This means:

• Stakes are not instant
• 24-48 hour activation period
• We check transaction hash on blockchain
• Invalid transactions are rejected

10. Withdrawal and Unstaking

10.1 Normal Unstaking:

• Request unstaking via dashboard
• For locked tiers: Only available after lock period ends
• For flexible tier: Available anytime
• Processing time: 3-7 days
• Receive principal + unclaimed rewards

10.2 Claiming Rewards Only:

• Claim accumulated rewards without unstaking
• Available weekly or upon request
• Minimum claim: 1 token
• Gas fees may apply

11. Modifications to Staking Program

We reserve the right to:

• Adjust APY rates with notice
• Add or remove staking tiers
• Change lock periods for new stakes
• Modify reward distribution schedule
• Discontinue staking program (with transition period)

Existing stakes: We will honor original terms for existing stakes whenever possible, but reserve right to make changes if necessary for platform sustainability.

12. Tax Obligations

YOU are solely responsible for:

• Determining tax implications in your jurisdiction
• Reporting staking rewards as income (if required)
• Paying capital gains tax on token appreciation
• Maintaining records of all transactions
• Filing appropriate tax forms

We do not provide tax advice. Consult a tax professional familiar with cryptocurrency.

13. No Financial Advice

14. Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW:

• We are NOT liable for token price losses
• We are NOT liable for smart contract failures
• We are NOT liable for blockchain network issues
• We are NOT liable for opportunity costs
• We are NOT liable for tax penalties
• Total liability limited to amount you staked (not including lost rewards or value)

15. Force Majeure

We're not liable for failures due to:

• Blockchain network congestion or failures
• Regulatory actions or government intervention
• Natural disasters
• Cyberattacks on third-party infrastructure
• Events beyond our reasonable control

16. Dispute Resolution

Disputes related to staking shall be resolved according to the Dispute Resolution terms in our main Terms of Service.

17. Entire Agreement

These Staking Terms, together with our main Terms of Service and Privacy Policy, constitute the entire agreement regarding staking.

18. Contact

Questions about staking:

• Email: staking@yagecoin.space
• Support: support@yagecoin.space
• FAQ: https://yagecoin.space/staking-faq

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