Our DRF Staking Event Goes Live Today

Drife
3 min readSep 4, 2021

Participate in the event to win exclusive DRIFE NFTs

We’re happy to introduce the DRIFE community to the DRF Staking Event, which will be starting today, Saturday 04th September, at 13:30 UTC. The Staking event will run in collaboration with our partner Ferrum Network.

The DRF Staking Event

The DRF Staking Event will run for 7 days, offering DRF token holders the opportunity to stake their tokens for a set period of time in return for rewards.

Also, we’re very excited to announce that lucky participants that stake until full maturity will be selected to receive exclusive DRIFE NFTs.

We will be releasing more information on the NFTs in the coming days, for now just know that the longer users decide to stake for, the higher the NFTs they have the chance of winning. Below is detailed information on the 3 separate staking options available to participants:

LUX

DRF Cap: 5,000,000

Days of mandatory lock: 30

Early Reward Return (Annual %): 30

Days Until Maturity: 90

Maturity Return (Annual %): 100

Rare DRIFE NFT available for chosen winners: 1

Premium

DRF Cap: 3,000,000

Days of mandatory lock: 30

Early Reward Return (Annual %): 20

Days Until Maturity: 90

Maturity Return (Annual %): 75

Franchise DRIFE NFT available for chosen winners: 5

Budget

DRF Cap: 2,000,000

Days of mandatory lock: 30

Early Reward Return (Annual %): 15

Days Until Maturity: 90

Maturity Return (Annual %): 50

City DRIFE NFT available for chosen winners: 10

FAQ

Where can I participate in the DRF Staking Event?

You can join at https://www.drife.io/staking

How much do I need to stake to join the LUX staking pool?

To join LUX staking a minimum of 10,000 DRF needs to be staked.

What is the maximum amount of DRF I can stake?

There is no maximum staking amount on any pool.

What chance do I have of winning the NFTs?

The more tokens you stake, the better your chance to win an NFT!

Staking by Ferrum Network

This event is being made possible with the collaboration of another of our partners, Ferrum Network, who have helped several innovative projects on the listing, fighting bots and ensuring a safe and smooth process for both project teams and traders.

We’re excited to launch this event and look forward to the continued participation of the DRIFE community — Best of luck!

About DRIFE

DRIFE is a decentralized ride-hailing platform which aims at empowering both the driver and rider communities. DRIFE is the first platform in this niche to express the full features of the decentralized ride-hailing economy, including a whole new economic model that incentivizes all the value creators in equitable terms.

DRIFE’s aim is to eliminate excessive commission, reduce censorship and redistribute value back to the community, and enhance the quality of rides.

Follow DRIFE’s journey: Twitter | Telegram | Facebook | YouTube

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https://www.drife.in/ DRIFE is a decentralized ride-hailing platform powered by blockchain with the intent of empowering both, the drivers and commuters