CryptoArena organizes a variety of Competitive Events featuring great rewards. The format of these is much like online poker competitions, pooled buy-ins used to create reward structures, just with trading instead of cards.
4) Spend them on NFT Arena
NFT Arena is an ERC 721 based trading card game deployed as a Dapp through the Ethereum blockchain. This smart contract wraps your NFTs with game-specific attributes that allow your own NFTs to be used in-game. CATS can be spent to bet against your opponent on the outcome of matches, or to buy NFT cards.
5) Yield Farming & LPs
Yield farming is a DeFi protocol that allows you to put your tokens to work by locking them up for a period of time to generate more tokens. Details vary by case and tokenomics, more about how our farm works here.
Alternatively, you can add liquidity to AMM trading pools (e.g. Uniswap) of decentralized exchanges to earn pro rata shares of liquidity provider rewards. Find out more about how this works here.
6) Decentralized Governance
Staking CATS also enables pro rata participation in the token’s key policy decisions, such as the rate of yearly inflation. Governance powered by Aragon.