Hello Dimitra Community and loyal token holders, we want to inform you of new updates to our staking Portal as of December 31st, 2021. The Information from past articles has been updated and condensed to better assist users with questions.
We designed Dimitra not only for social good in mind, but also to reward our loyal investors who support the project. We offer staking and our starting APY is 13%.
In the Dimitra Portal staking is the default setting for tokens purchased during presale. If you want to transfer DMTR tokens to your wallet, this is currently done as a manual process. Longer term, Dimitra intends to automate this process and it is one of our roadmap items.
Should an investor unstake and choose to come back at a later date to stake, investors can earn the top APY rate but this will take 120 days to graduate to the 13% APY. After unstaking DMTR and returning to stake:
DMTR APY drops to 6% and stays at 6% for 45 days.
On the 46th day, DMTR staking increases to 9% APY.
On the 91st day, DMTR staking increases to 13% and remains at 13% for the duration that DMTR tokens are staked.
Vested tokens from our 5 Private Presale rounds are now officially unlocked as of December 15th, 2021.
Private Presale Round 5 — October 1st
Private Presale Round 4 — October 15th
Private Presale Round 3 — November 1st
Private Presale Round 2 — November 15th
Private Presale Round 1 — December 15th
STAKING IS NOW COMPOUNDED!
As an added incentive to our loyal token holders, staked tokens will now receive compounding rewards. This allows our loyal token holders to earn more DMTR, as it is exponential versus the fixed previous setup.
Every day rewards are rolled back into the platform, which allow for more value to accrue for your staked DMTR tokens.
COMPOUNDED STAKING EXAMPLE
Before December 31st, 2021 Example:
User Stakes: DMTR 1000. on 12/12/2021
13/12/2021 -> rewards collected for the day -> 1000 * 0.08 / 365 => DMTR 0.2
14/12/2021 -> rewards collected for the day -> 1000 * 0.08 / 365 => DMTR 0.2
15/12/2021 -> rewards collected for the day -> 1000 * 0.08 / 365 => DMTR 0.2
16/12/2021 -> rewards collected for the day -> 1000 * 0.08 / 365 => DMTR 0.2
17/12/2021 -> rewards collected for the day -> 1000 * 0.08 / 365 => DMTR 0.2
18/12/2021 -> rewards collected for the day -> 1000 * 0.08 / 365 => DMTR 0.2
Until the tokens are unstaked, the user received a fixed amount daily => DMTR 0.2
When they unstake their DMTR, they are able to redeem = > DMTR 1000 + (0.2 * nDays)
After December 31st, 2021 Example:
User Stakes: DMTR 1000. on 12/12/2021
13/12/2021 ->daily rewards collected -> 1000 * 0.08 / 365 => DMTR 0.2
So capital for next day is => (1000 + 0.2)
14/12/2021 ->daily rewards collected -> 1000.2 * 0.08 / 365 => DMTR 0.219
So capital for next day is => (1000 + 0.2 + 0.219)
15/12/2021 ->daily rewards collected -> 1000.419 * 0.08 / 365 => DMTR 0.22
So capital for next day is => (1000 + 0.2 + 0.219 + 0.22)
16/12/2021 ->daily rewards collected -> 1000.639 * 0.08 / 365 => DMTR 0.23
So capital for next day is => (1000 + 0.2 + 0.219 + 0.22 + 0.23)
Until the user unstakes, their rewards make rewards (Compounding).
When they unstake, they are able to redeem = > DMTR 1000 + ( 0.2 + 0.219 + 0.22 + 0.23) ===> Compounding allows for more DMTR earned, as it is exponential versus the fixed prior setup.
GAS FEES WHEN WITHDRAWING DMTR:
With the new updates to the portal, we have received many requests from users to be able to withdraw rewards, or specific values of their staked tokens. We have now made this possible on the platform. With these changes, gas fees will now be absorbed by the user for each transaction after each user’s first initial request. Gas fees are dependent on market prices which fluctuates day to day.
When a user submits an unstake request, the user will be asked to validate gas fees before submitting the transaction request.
UNSTAKING PARTIAL AMOUNT
Additionally, users are now able to unstake partial amounts of tokens vs their full amount. The initial APY of the staked tokens will not be affected and will remain at 13% unless you unstake a portion, and then restake. If the token holder decides to restake their token, the APY starts at 6% and follows our incremental APY increases as stated above in this document.
Token holders interested in unstaking DMTR tokens can do so to an ERC-20 Hardware wallet, Software wallet, and exchange wallets from KuCoin, Gate, or Bitmart.
If you require the DMTR contract address to be sure it is correct: 0x51cB253744189f11241becb29BeDd3F1b5384fdB
How to Deposit your DMTR tokens into the Dimitra Portal:
This is a step-by-step guide for token holders interested in depositing DMTR tokens for the purpose of staking from Metamask or another ERC-20 Hardware wallet, Software wallet, and exchange wallet from KuCoin, Gate, or Bitmart:
Step 1: In the Dimitra Portal, please select “My Wallet” on the sidebar menu tab or dropdown
Step 2: Select the “Deposit DMTR to Stake” button
Step 3: The user is then asked to enter in the amount of DMTR Tokens you would like to transfer
Step 4: The user is then asked to provide the address where to send your tokens, which you can scan with the QR code or copy using the button
Step 5: The user then enters the Transaction ID that you will get from KuCoin, BitMart, Gate, or your Hardware or Software wallet*
- Do not enter in the Dimitra Contract Address or your Personal Wallet in this field, only the Transaction ID from KuCoin, BitMart, Gate, or your Hardware or Software wallet
Step 6: After you enter all the required information press “Save Transaction”
Step 7: It may take 30 minutes before the DMTR Tokens appear in your Dimitra Portal.
How to manually stake DMTR Tokens in the Dimitra Portal:
Step 1: On the Dimitra Portal please select My Wallet on the sidebar or dropdown.
Step 2: Click on the Deposit DMTR To Stake to start the Staking process
Step 3: You will then enter in the amount of DMTR you want to transfer
Step 4: You may Copy or Scan the address and send payments directly to the address.
Step 5: Then enter in the Transaction ID in the required field
Step 6: Once you have confirmed the amount of DMTR and entered in the Transaction ID, click on Save Transaction
Step 7: After saving the transaction, the system will take up to an hour to validate and be approved
Step 8: After being approved your tokens will be staked and start at 6% APY for 45 Days. After that, it will move to 9% APY for another 45 days. When your staked Tokens go over the 90 days, it will move and stay at 13% APY.
How to unstake DMTR tokens from the Dimitra Portal
Step 1: In the Dimitra Portal please select “Staking” on the sidebar or dropdown.
Step 2: When you see your balance, click on the green “+” symbol
Step 3: Click on the gear icon under Actions to show the drop-down menu to then click on “Unstake” to start the process
Step 4: You will see the Unstaking page with your available balance
Step 5: You can then select to unstake the Full amount or just a partial amount*
Step 6: Select Validate & Calculate Charges
Step 7: Review your request and gas cost for the Unstaking request
Step 8: Select the box to confirm your wallet address is correct and able to receive DMTR tokens
Step 9: Click Submit for Review to complete the process
*The first withdrawal of your tokens is free of charge. However, subsequent staking transactions costs are absorbed by the end user and the end user is responsible for Ethereum gas fees to unstake their tokens again.
*Keep in mind that Unstaking is not instantaneous, and it can sit in pending, or pending approval prior to being sent to the portal wallet.
**If you remove your tokens from the initial default staking (13% APY is the default staking reward) and decide to return and stake again at a later date, you will receive a lower staking reward of 6% APY for the first 45 days, and then on day 46 you will graduate to 9% APY staking reward, and then after 9 days, you will graduate to the initial 13% staking APY reward.
“The first withdrawal of your tokens is free of charge. However, subsequent staking transactions costs are absorbed by the end user and the end user is responsible for Ethereum gas fees to stake their tokens again.”