How does KONG staking work?

When you stake KONG, you will earn a reward over time. The staking rewards are connected to the ross gaming revenue (house edge), which means that they increase or decrease depending on the total current amount of wagered money by all Luckydice players. But that’s not all. The number of KONG units you stake also plays a role in determining your rewards. You can potentially increase your rewards by depositing more KONG units into your staking account. For instance, if your staked KONG units represent 20% of the total KONG staked pool, you will receive 20% of the total next payout.

All KONG deposits and withdrawals have to be done through Luckydice's wallet:

how does KONG staking work in luckydice

But, to start staking KONG, you need to transfer the units from your balance to your KONG staking account in the Bonuses section.

How to Understand the Staking Dashboard

how does KONG staking work dashboard in Luckydice

The Staked Balance is the number of KONG units you are currently staking.

Monthly Average Balance is the average of units you have staked for the last 30 days. For example, let’s say you deposited 1000 KONG into your staking account today. After 15 days, your monthly average balance will be 500 KONG, and after 30 days, 1000 KONG. This average balance will be used to calculate your reward.

Your Staking in Total Stake is the percentage of the units you have staked compared to the total pool of staked KONG.

The Staking Rewards section displays on top the estimated amount of KONG and BKD you can receive at the end of the payout period if you don't withdraw your stake. At the bottom of the section, you will see your historical staking rewards.

The Total Supply is the amount of all the KONG issued and in circulation.

The Total Staked Average is the combined average balance of all the participants’ staking accounts over the past 30 days.

The Next Total Reward is the estimated payout that will be distributed among all staking participants at the end of the payout period.

Remember that you can withdraw your staked KONGs whenever you want, but when you withdraw a part or all of your stake, the rewards from the withdrawn money will gradually decrease to 0 in 30 days.