A New Staking Program, a New Reward: TAX COLLECTOR!

3 min readJul 21, 2021
Polka City Taxis reporting for the tax collector

We have a shining brand new staking program with a better reward; it will produce passive income. The tax collector reward program will start on Sunday, July the 25th, at 9 PM UTC. Our users who will earn a portion of the tax collector NFT will get to share 25% of the Polkacity platform profits in addition to any APY they have from their NFTs.

The Rule:

Do not claim weekly POLC payouts till the game release to earn the staking reward. If you claim your weekly payout before the game release, you will be disqualified.

The Reward:

Polkacity TAX collector NFT will receive 25% tax from all Polkacity NFT sales. The Polkacity platform sales count towards the tax collector earnings, while NFT marketplace sales and other P2P sales do not. For example, if anyone buys an NFT from our platform by paying 100,000 POLC, then 25,000 POLC will be split among the tax collector NFT owners based on their own portion of the NFT. The remaining 75,000 POLC will be added to the platform reserves to be delivered to the users as NFT APY.

Tax collector NFT is unique. There will only be one tax collector NFT in the whole polkacity game. Stakers will earn shares from the tax collector NFT depending on their staking time and period.

Staking longer wins you a larger portion of the tax collected. Also, if you stake a higher-cost item, you will earn a larger portion of the tax collector. For example, if you stake a hotel, you will have a larger portion compared to staking a hot dog stand if both asset owners staked for the same number of weeks. By the same token, a hot dog stand owner staking their NFT will earn more than a taxi owner, who will earn more than someone staking a bike. if we assume they all staked the same number of weeks. Staking means not claiming the weekly payout reward.

Smaller NFT owners may receive a higher reward percentage if they staked longer compared to larger NFT owners. This will all be calculated based on the weekly payouts. For example, if one asset has 1500 polc weekly, but staked for 20 weeks, yet a larger asset with 3000 polc weekly payouts staked for only 5 weeks, then the smaller asset will have a larger portion of the tax collector. The smaller NFT owner staked 1500*20=30K POLC, while the larger NFT owner staked only 3000*5=15K POLC.

This will all be very clear once we launch the new staking program because you will be able to see all the details regarding the release date and how many days you have staked under your asset on my assets page. On the asset page, you will be able to see the amount of POLC you have staked by not claiming the weekly payouts.

Useful Links

Website: https://platform.polkacity.io/

Twitter: https://twitter.com/PolkaCity

Telegram: https://t.me/Polkacity

Medium: https://polkacity.medium.com/

Reddit: https://www.reddit.com/r/polkacity/

Github: https://github.com/POLKACITY

Coinmarketcap: https://coinmarketcap.com/currencies/polkacity/

NFT sales: https://www.polkacity.io/polka-city-new-asset-marketplace

Opensea NFT trading: https://opensea.io/assets/polka-city-asset

Opensea 3D assets: https://opensea.io/collection/polka-city-3d-asset

Bittrex: https://global.bittrex.com/Market/Index?MarketName=USDT-POLC

Gate.io: https://www.gate.io/trade/POLC_USDT

Bidesk : https://www.bidesk.com/exchange/POLC/USDT

MXC: https://www.mxc.com/trade/pro#POLC_USDT

Bilaxy https://bilaxy.com/trade/POLC_ETH

Coinbase Charts: https://www.coinbase.com/price/polka-city

DEXTOOLS https://www.dextools.io/app/uniswap/pair-explorer/0xb5bd39fc0c57d902271ba6c5cd89c1510a37c0dd

UNISWAP https://app.uniswap.org/#/swap?inputCurrency=0xaa8330fb2b4d5d07abfe7a72262752a8505c6b37

Disclaimer: This article includes some forward-looking statements, none of which are financial advice. Always DYOR.




Polka City is a smart contract-based Polkadot, DeFİ, and NFT investment and game platform.