➡️Detailed Process
Modus Staking Process
Last updated
Modus Staking Process
Last updated
Step 1 – Create a Web 3.0 wallet – see Metamask.
Step 2 – Navigate to and launch the Modus dApp via the “Launch dApp” button on Modusdapp.org or navigate to Modusdapp.org/dapp
Step 3 – Click the blue ‘Get verified with SumSub’ button in the top right of the platform and complete KYC with our partners (which may require information such as the name, address, ID, email, wallet address). This process can take up to 24 hours.
Step 4 - Decide on which allocation tier is suitable for yourself on the “Tiers” page.
Step 5 – Send AMB to wallet to pay for gas fees (or purchase via Metamask Wallet)
Step 6 – Add $MODUS to the web 3.0 wallet in order to see its balance.
Step 7 – Connect the web 3.0 wallet to the dApp.
Step 8 – Navigate to the applicable ‘Staking’ page of the Modus dApp interface and click the ‘Stake’ button.
Step 9 – Enter the amount of $MODUS tokens to be staked.
Step 10 – Submit the staking transaction (this will cost AMB).
Step 11 – Wait for the staking action to be completed (can be checked via your wallet or in further detail on Etherscan). When complete, you have unlocked your desired Modus Tier.
Step 12 – Once you have unlocked your desired Modus and your KYC has been approved, navigate to the 'Developments' page to find all active listings on offer with associated investing deadlines. Review and download full investment decks outlining every detail about the development project on offer.
Step 13 – When you have made your selection, click the “Buy” button of your chosen project. Enter the number of shares that you want to purchase in $USDC. If the total amount is equal to or less than is permitted by your tier level the interface will allow you to click “Confirm”.
Step 14 – Next, read both the legal notes and confirm you have read them by ticking their checkboxes.
Step 15 – A share subscription agreement will be automatically generated and hosted by DocuSign. Read and sign this document. Make sure to check that all the information is correct before proceeding as it is a legal verification of your purchase. Click “Continue” to go to the last step.
Step 16 – Finally, your wallet will prompt you to confirm the transaction with the project’s smart contract. By clicking confirm you will send $USDC to the relevant project wallet (this will cost AMB). To represent your investment, the equivalent amount of P(x)Ts are automatically staked in the project’s staking contract and thus, the status of your investment becomes trackable on-chain.
Step 17 – From this point until maturity (12 or 18 months), the amount of Project Return Tokens ($P(x)RT) will continue to accumulate exponentially – wait until maturity for conversion and receipt of return.
Step 18 – At maturity, navigate to the “Portfolio” page and scroll to the project that has reached maturity.
Step 19 – Click the no longer greyed out ‘Collect Return’ button to unstake $P(x)Ts, collect $P(x)RTs and swap them into $USDC in one transaction by signing multiple permissions (this will cost AMB). note: swaps to $USDC are only available after project maturity has been reached.