Tutorial: How to burn your WeStakeit NFT
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Tutorial: How to burn your WeStakeit NFT

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1 year ago

Tutorial: How to burn your WeStakeit NFT
Some of you have asked us to explain the “Burn NFT” feature in more detail. Your wish is our command: Here’s a quick tutorial on how to burn your WeStakeit NFT at the end of the staking period.

Before the integration of the “Burn NFT” option, expired staking entries were simply hidden. Now they are back and you can see the option to click on “Burn NFT” on the right:

The reason for this is that you have to burn the NFT token or transfer it to another wallet if you want to stake your WSI tokens again with the same wallet.
This is because of our anti-whale protection. It keeps your maximum staking amount at 1 million WSI tokens or 80% of the Staking Pool. We have explained the formula in more detail here.
Click on “Burn NFT” to burn your WeStakeit NFT.

It will then be removed from your wallet and you will be able to stake your tokens once again.

The “Burn NFT” button will only be displayed if the staking entry is unlocked and all rewards have been claimed.

If you want to keep your NFT, you can simply send it to another wallet address via OpenSea or MetaMask.

Happy staking!

— — — — — —

About WeSendit

WeSendit is an established data transfer company based in Zug, also known as the “Swiss Crypto Valley”. Its founder and CEO Jens Herbst has built a talented international team of crypto experts, developers, economists, and marketing specialists. Together, they are working to transform the way the world transfers its data.

Discover more about WeSendit on

Website: wesendit.io
SOURCE: WeSendit Marketing & PR department

DISCLAIMER: This article does not contain any financial advice. Its only purpose is to present information about WeSendit. The local terms and regulations of your home country regarding investments in crypto currency apply. Please make sure to visit https://wesendit.io/legal-notice/ for further information.

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