SOTA token

What is a SOTA token?

SOTA token is the SOTA platform’s governance token. SOTA token holders have the following benefits: Stake SOTA BEP20 in the system and you will receive pumpkin bonus points. Currently, the point conversion rate in our system is 1 pumpkin /100 SOTA deposit/1 day). With enough pumpkins, you can redeem them for NFTs on the “Farm NFT” page. Vote for new changes and features of the SOTA platform and receive rewards. From year 3 onwards, 5% of the total fees collected from users will also be included in the bonus fund for system governance purposes.

How do I get pumpkins?

When you stake SOTA BEP20 to the platform, you will receive a pumpkin bonus. At the moment, the point conversion rate in our system is 1 pumpkin/100 SOTA deposit/1day. You can refer to this guide to get pumpkin: https://sota01.medium.com/sota-beginners-guide-how-do-i-stake-sota-bep20-tokens-to-farm-nfts-a09e908cba7d

Can I unstake to get SOTA back to my wallet after staking SOTA into the system?

Yes. Select ‘Unstake’ in ‘Farm balance’ and enter the amount you want to withdraw.

Can the NFT received on the 'Farm NFT' page be traded on the maket?

The NFTs farmed from the “Farm NFT” page with pumpkins can be traded on the NFT market like other NFTs. However, when you sell the NFT that is farmed with pumpkins, you will have to pay a 50% royalty fee to the creator of the NFT.

What is the governance system?

In the future, the SOTA platform needs to add more features to fit user needs. SOTA token holders can vote to decide the changes. In addition, participants in governance activities will be rewarded by the system. The governance feature will be added at Phase 3 of the project.

How to buy the SOTA token and add it to the Metamask?

We have a detailed guide here: https://sota01.medium.com/sota-beginners-guide-how-do-i-exchange-sota-token-b4841c88fb98

How do I swap my SOTA from Ethereum to other chains?

Currently, the Sota platform supports only SOTA BEP20. You can use a bridge solution that can help you convert your Sota tokens from Ethereum to other chains, namely “SOTA Bridge”. You can exchange tokens from Ethereum Chain to Binance Smart Chain or HECO Chain easily and safely. We have a detailed guide here: https://sota01.medium.com/sota-beginners-guide-how-do-i-swap-my-sota-between-ethereum-blockchain-and-binance-smart-chain-9d81d29e0fc9

How can I get more SOTA?

You can stake SOTA on NFTpad.finance to get more tokens. We have a detailed guide here: https://sota01.medium.com/how-to-stake-sota-and-sota-lp-tokens-on-nftpad-to-earn-rewards-112141cfa069