Magic Shiba Starter: Staking Guide Banner

Stake MSHIB and earn APY and participate in the presales of upcoming projects! The amount you stake will determine the tier that you qualify for, and each tier will offer its own unique benefits! Whether you’re a beginner or an experienced wizard, there’s always a tier that’s perfect for you! 

Once you have staked your tokens, you will officially become a qualified Shiba wizard. Congratulations!

In addition to investing in new projects, there are many more benefits to enjoy! Below, you can find a clear overview of all the advantages. If anything is unclear, feel free to ask our moderators in Telegram.

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How can I stake my MSHIB tokens and what are the rules?

  1. Go to the following website:
  2. Connect your wallet with the website application.
  3. Press the “Stake” button to stake your tokens and press “Withdraw” to unstake your tokens.
  4. After pressing “Stake,” you can enter the amount of tokens you want to stake.
  5. You will need to approve the connection with your wallet.
  6. Before staking your tokens, it’s important to know that there is a penalty for unstaking too quickly. Below is an overview of the penalties.
  7. Press the “Stake” button. You may need to refresh the webpage for the stake button to activate.
  8. Congratulations! You have successfully staked your tokens.

Staking unstake penalty:

Whitelist Requirement

This means that in order to participate in the IDO round, you are required to complete certain tasks to secure your spot. These requirements include liking and commenting on a specific tweet related to the IDO. This is only necessary in the “Puppy Wizard” tier. In this tier, there is no guaranteed spot, but 20 individuals will be chosen for each round.

Whale Chat Group

For all stakers in the highest tier (Gandalf Inu), we will create a special Telegram group. In this group, members can chat with each other, and we will announce developments before they are made public.

Private Sale Allocation

Some projects have a private sale in addition to a public sale. This private sale is accessible to all members of the “Gandalf Tier.” Often, the private sale offers tokens at a lower price compared to the public round. The vesting terms can differ between the private sale and the public sale of a project.

Access to FCFS

Before the start of a public sale for the IDO, all stakeholders have time to sign up. Depending on the number of people who sign up, the maximum investment amount per person will be determined. If not everyone invests the max amount, there will be a First-Come-First-Served (FCFS) round after the regular IDO closes. In the FCFS round, spots are allocated on a first-come, first-served basis.

Special Airdrops

There will be projects that, in addition to selling tokens, also have NFTs or want to reward stakeholders from the MSHIB community with promotional tokens. All tiers are entitled to these upcoming FREE airdrops!

If you have any further questions or need clarification, please feel free to ask our moderators in Telegram.


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