Token Parking

Token Parking provides a flexible and rewarding mechanism for users to participate in the Gen6 ecosystem. By parking your tokens, you contribute to network security and stability while earning rewards based on the amount of tokens in the parking pool and the duration of your parking period. The accumulated rewards are calculated weekly, but you can always reclaim your tokens, with rewards adjusted based on the time they have been parked. This system ensures that both early and long-term participants are rewarded fairly and transparently. Wednesday Cycles: Token parking and rewards are based on weekly cycles that start every Wednesday at 00:00 UTC. Flexible Unparking: You can unpark tokens at any time, but rewards are calculated based on complete weeks parked. Tokens go through a so-called 'cool-down/unparking' period and will be available after the Wednesday cycle of the given week. Dynamic PRP: The reward percentage decreases as the parking pool grows, encouraging early participation.

How It Works

Token Parking is the process where users park their GSX tokens on the platform to support the stability and security of the Gen6 network. In return, users earn Parking Rewards based on the Parking Reward Percentage (PRP). ● Parking = staking ● APY = Parking Reward Percentage (PRP)

How Does Token Parking Work?

Parking Your Tokens: When you park your GSX tokens, they are added to the Token Parking Pool, which influences the reward percentage. The larger the pool, the lower the PRP (Parking Reward Percentage) becomes, and vice versa. Reward Percentage (PRP): The PRP is determined by the total number of tokens in the parking pool, and it is updated every week. The breakdown is as follows: ● 1 - 50k tokens in the pool: 15% PRP ● 50k - 100k tokens in the pool: 14.5% PRP ● 100k - 150k tokens in the pool: 14% PRP ● 150k - 200k tokens in the pool: 13.5% PRP ● 200k - 250k tokens in the pool: 13% PRP ● 250k - 300k tokens in the pool: 12.5% PRP ● 300k - 400k tokens in the pool: 12% PRP ● 400k - 500k tokens in the pool: 11% PRP ● 500k - 600k tokens in the pool: 10% PRP ● 600k - 700k tokens in the pool: 9% PRP ● 700k - 800k tokens in the pool: 8% PRP ● 800k - 900k tokens in the pool: 7% PRP ● 900k - 1M tokens in the pool: 6% PRP The last threshold is when the parking pool reaches 900k - 1M tokens (and above), with a reward percentage of 6% PRP.

Wednesday Threshold

Each parking period is weekly, and the rewards are calculated every Wednesday at 00:00 UTC. If you park tokens before Wednesday, your tokens will earn rewards for the upcoming week starting from Wednesday. Unparking tokens also follows the Wednesday cycle: any unparked tokens will be returned with accumulated rewards on the next Wednesday.

Compound Rewards

The parking rewards are distributed weekly but can only be received at the end of a full week. You can unpark your tokens at any time, but the rewards will be based on the complete weeks they were parked.

Example

Let’s say you park 100 GSX tokens before Wednesday when the total parking pool is between 1k - 50k GSX tokens (PRP: 15%). PRP (15%) is applied for the entire week. At the end of Week 1, you would have earned approximately 0.288 GSX (100 GSX * 15% / 52 weeks). If you decide to unpark your tokens after 4 weeks, your total will include the accumulated rewards for those 4 complete weeks. Total GSX after 4 weeks = 100 GSX + 1.152 GSX (compound reward for 4 weeks).

Important Warning: Unparking Your Tokens and Rewards

Please note that you can only access your reward tokens if you unpark (unstake) a certain amount of your parked tokens. Even if you unpark a minimum of 0.1 GSX, this triggers a mechanism that moves all your accumulated rewards into the unparking state. Key Point: When you unpark any amount of your parked tokens, ALL of your rewards will be moved into the unparking state, and they will be available after the following Wednesday cycle. No Partial Unparking of Rewards: You cannot unpark a portion of your rewards directly. This mechanism does not work that way. To access your rewards, you must unpark from your parked tokens, which will trigger the release of all rewards in the next available Wednesday cycle. So, remember: whenever you unpark any amount of your tokens, your rewards will also enter the unparking state and will only become available after the next Wednesday threshold.