Galaxy Fight Club ($GFC) Staking Instructions

7 min readJan 21, 2022

IMPORTANT: Galaxy Fight Club (GCOIN) tokens have a ticker symbol of $GFC on DEXs like Sushiswap and Uniswap

Following our token launch, there are a couple of things you can do with your $GFC tokens. You can already spend it on forging weapons (discounted prices until the 27th Jan), or you can also decide to stake it.

We are close to opening our staking portal, which is designed to reward long-term $GFC holders who will be joining us on the journey ahead. In our staking portal you will be able to deposit any desired amount of $GFC tokens and start earning rewards.

Key information

Staking is available at gfc.vault.inc
When providing liquidity, make sure you use Sushiwap on Polygon via this link
Staking pools are now open but rewards will start calculating from Saturday 22nd of January 14:00 UTC

This means you have about 24 hours to stake your tokens before rewards starts accumulating, we want to give everyone the chance in those 24 hours to deposit your $GFC to start earning rewards from the very beginning.

Staking options & calculating rewards

Our staking structure has been inspired by our partners Illuvium and their $ILV token, it will follow a similar structure of calculation for the liquidity mining rewards which is designed to reward long-term stakers since there is a time-weighted element for calculating the rewards. Upon launch on Friday, there are two different pools that you can stake your $GFC in:

$GFC → Single-sided staking pool. This pool will receive 25% of the liquidity mining rewards
$GFC/WETH LP → Liquidity position of 50% $GFC and 50% WETH. This will will receive 75% of the liquidity mining rewards

When staking your tokens, you can choose for a certain lockup, ranging from 0 (flexible) to 12 months (locked). The longer your $GFC tokens are locked up, the higher the respective share of the pool it is, and therefore the higher your rewards.

Below you will find a couple of examples of how this mechanism will work. We calculated the differences between locking flexible, for six months, for nine months and for a year:

Staker 1: Doesn’t want to lock the underlying tokens and therefore got a weight of 1
Staker 2: Locks the $GFC tokens for 6 months and therefore got a weight of 1.5
Staker 3: Locks the $GFC tokens for 9 months and therefore got a weight of 1.75
Staker 4: Locks the $GFC tokens for 12 months and therefore got a weight of 2

Initially 4% of the total supply will be allocated as liquidity rewards. This equates to 6,000,000 $GFC being equally distributed and rewarded based on the calculations above.

How to stake your $GFC tokens

Step 1 — Enter the staking portal

The first thing you need to do is to enter the staking portal. This can be done by going to gfc.vault.inc where you be prompted to connect your wallet and presented with high-level statistics about the staking portal.

Please ensure you only follow the official links in this article.

Step 2 — Pick your preferred staking pool

After you have connected your wallet, you’re ready to start staking. The next step is to pick the staking pool of your choice. In the main overview, click the large ‘Stake’ button, which will open up the screen below. This will show you the available staking pools.

Since 75% of the entire staking rewards will go to those providing liquidity, it’s important to understand providing liquidity on Sushiswap on Polygon— Please scroll down for a small tutorial.

When providing liquidity, make sure you use Sushiwap on Polygon via this link

Following this, press ‘Stake’ to head to the next screen.

Step 3 — Pick your settings

You should now choose the settings that work for you. As mentioned above, you have the ability to choose between flexible and locked staking. Locked staking can increase your rewards over time depending on the duration of your lock.

Step 5 — Approve

After you have chosen your preferred settings, press ‘Approve’ as shown below.

A MetaMask prompt (or Coinbase Wallet or WalletConnect) will then appear and you’ll have to confirm the transaction. Please review the transaction and the gas fees before confirming your transaction.

After you have confirmed your transaction, please wait patiently as the Ethereum blockchain has to confirm the transaction at the other end.

Step 6 — Staking

After you have approved the contract to spend your $GFC tokens, you have to make the second transaction to stake your tokens. Instead of ‘Approve’, you will now see ‘Stake’.

Once you press stake, A MetaMask prompt (or Coinbase Wallet or WalletConnect) will appear and you’ll have to confirm the transaction. Please review the transaction and the gas fees before confirming your transaction.

We advice you to manually set your gas fees high and limits to 300,000 and 150 gwei to make sure your transaction will go through.

Once the transaction is confirmed, you will see a pop-up notification saying ‘Transaction confirmed’.

Step 7 — Congratulations!

That’s all there is to it. Once the transaction is confirmed on the Ethereum blockchain, your tokens are then officially staked and you start collecting rewards straight away!

Providing liquidity on Uniswap V2

Step 1 — Sushiswap overview page

The first thing you do is heading over to the appropriate Uniswap pool. This can be done using the following link:
https://analytics-polygon.sushi.com/pairs/0xd8e7d368ab9bdf0010a9934b0e801b3f38cecef6

When you’re on this page, click the ‘Add Liquidity’ button as indicated in the image below.

Step 2 — Switch to Polygon network

Once you get onto the add liquidity page, switch to Polygon network by clicking on the Ethereum icon on the top right.

Step 3 — Enter the amounts

When providing liquidity you need 50% $GFC tokens and 50% WETH for this specific pool. In this step, you have to decide how many $GFC tokens you want to use to provide liquidity, and you will see how much WETH you need on the other hand. This is shown in the image below.

Step 4— Approve

When you select the right amount, it’s time to approve the transaction by pressing ‘Approve GFC‘ as well as ’Approve WETH’.

Once you press Approve on either, A MetaMask prompt (or Coinbase Wallet or WalletConnect) will appear and you’ll have to confirm the transaction. Please review the transaction and the gas fees before confirming your transaction. Once your transaction is confirmed you should press ‘Confirm Adding Liquidity’.

After you click this you will see another ‘Confirm Supply’ button. Once you press that, a MetaMask prompt (or Coinbase Wallet or WalletConnect) will appear and you’ll have to confirm the transaction. Please review the transaction and the gas fees before confirming your transaction.

Step 5 — Congratulations!

That’s all there is to it! You are now providing liquidity that can be used to stake on the Merit Circle staking portal.

How to claim your $GFC rewards

Claiming your rewards works in the same way as staking. You simply head over to the ‘Rewards’ tab and search for the pool that shows a positive balance in the ‘Claimable rewards’ column.

Start by pressing ‘Claim’ which will bring up a MetaMask prompt (or Coinbase Wallet or WalletConnect) where you have to confirm the transaction. Please review the details and the gas fees before confirming your transaction.

Once you ‘Claim’ your rewards, your rewards enter a 12 month vesting period after claiming. Staked tokens are currently non-transferable and only used for accounting purposes. A countdown for when your rewards can be withdrawn from the Locked Rewards vault is shown at the bottom of the Rewards page.

About Galaxy Fight Club

Galaxy Fight Club is the first cross-IP, cross-platform (PC+ Mobile) PvP fighting game where holders of different NFT collections can battle with each other to both win and earn rewards through play-to-earn mechanics.

Website: https://galaxyfightclub.com/
Twitter: https://twitter.com/GalaxyFight_NFT
Medium: https://medium.com/@Galaxyfightclub/
Discord: https://discord.gg/galaxyfightclub
Official Community Telegram: https://t.me/galaxyfightclub_nftofficial
Official Announcement Telegram: https://t.me/galaxyfightclub_nft