Your Pharaoh tokens are now Available for staking on Unicrypt
If you were locked into the Maximizer for Cairo Finance when the liquidity hack hit then you should know from the Cairo Finance team that you would be receiving Pharaoh tokens as compensation.
Q: How does it work with the Pharaoh tokens?
A: You will receive the first 50% on October 22nd and the remaining 50% on December 22nd. These tokens cannot be sold. They have to be put by you personally into the “Pharaoh” staking contract on Unicrypt. There you will receive 1% on your deposit in CairoV2 ($CAF) tokens paid out daily and running from the day you put the first 50% in the Staking Contract. The Pharaoh tokens cannot be re-compounded.
So according to these details you should have been airdropped 50% of your Pharaoh tokens by now directly into your wallet. But you will not see them until you add the contract address to your MetaMask. Here is it below.
Pharaoh Contract: 0x2a0AE7b92a5bC958CE28278527e6d7a2Ba280765
But what about this detail that you cannot sell your tokens? According to the team the tokens are worthless and carry a value of $0. So how do we work out our 1% daily rewards by staking in Unicrypt? It is all related to the number of tokens you receive. My first airdrop is 143 Pharaoh tokens and by staking in the Unicrypt staking pool I will receive 1% per day paid out in CAF tokens.
For example:
143 Pharaoh * 1% = 1.43 CAF tokens
So eventually it is the hope that you will be returned your initial investment in the Maximiser by harvesting your CAF tokens and either staking them in the two CAF & CAF/WBNB pools to be able to receive a similar form of passive income you might have been claiming from the Maximizer or straight up sell at current market price.
Personally I am in two minds as to how to proceed but if Cairo Finance does carry out their long term plans then it might be wise to hold and stake the CAF tokens for the long term as the short term market price for CAF is predicted to be inflationary causing the price to drop.
If you are not sure where to start here is my video walk through on how to stake your Pharaoh tokens.
Important links
Pharaoh Staking Pool: https://app.unicrypt.network/chain/bsc/farm/0x0284712F3bC0672508d384934569c89DCa1B91f1
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