NFT Farming 101: How to Stake $LOOT and earn NFTs, Cryptocurrency, and More

8 min readJan 19, 2021

Hey all! With the highly anticipated launch of our NFT Loot Box Farming platform today, many of you might be wondering how everything works. This article will briefly walk you through everything you need to know in order to use the platform as comfortably as possible!

LOOT NFT Farming Overview

How to Stake $LOOT Tokens

I. Getting $LOOT tokens

II. Staking your LOOT tokens

III. Claiming Staking Prizes

How to Stake $LOOT LP Tokens

IV. Getting $LOOT LP tokens

V. Staking your LOOT LP tokens

VI. Claiming LP Staking Prizes

LOOT NFT Farming Overview

NFT Loot Box farming is our main incentive plan for:

HODLing $LOOT
Providing liquidity for $LOOT

Simply stake $LOOT or $LOOT LP tokens to earn a great yield through mining ERC-20 tokens, valuable NFTs, and cryptocurrency prizes.

By staking $LOOT tokens, you will earn silver coins which can be used to open silver loot boxes for a chance to win Common to Epic NFTs and can also be sold for ETH or any ERC-20 token on Uniswap.org.

By staking LP Tokens ($LOOT/$ETH $UNIV2-LP), you will earn gold coins which can be used to open gold loot boxes for a chance to win Common to Mythic NFTs, Cryptocurrency prizes, and Junk tokens. Gold can also be sold for ETH or any ERC-20 token on Uniswap.org.

Click here for more details about:

Our various Loot Boxes and valuable prizes contained in each Loot Box
Gold Coins, Silver Coins, and Junk tokens

How To Stake $LOOT Tokens

I. You’re going to need to get some $LOOT tokens. (skip this if you have bought $LOOT already)

There is no minimum or maximum amount of $LOOT you can stake, meaning that the more you stake, the more silver coins you will earn.

$LOOT can easily be bought by clicking here, checking the “I understand” box, and then hitting the “Continue” button to the right of it. After that, simply hit “Connect Wallet” and enter the amount of ETH or any ERC-20 token you wish to swap for LOOT. Uniswap will automatically give you the market price for LOOT, so no need for any fancy calculations.

If you wish to swap another ERC-20 token you have for LOOT, hit the ETH dropdown, and search the token or paste the token’s contract address in the “Search name or paste address” search bar.

Next, hit “Approve” (if it’s your first time buying LOOT), execute the transaction with enough gas, and then once it’s done hit the “Swap” button, “Confirm Swap”, and then execute the transaction with enough gas. You will need to use enough gas to execute the transaction or the transaction can fail to go through. We recommend sticking with the “TRADER” gas price on ETHGasStation.info to guarantee a successful transaction.

If you’re still stuck and need a walkthrough on how to execute a successful Uniswap transaction, click here and follow the steps outlined in the video until 6:08.

Now that you have your $LOOT tokens, you can finally start staking!

II. Staking your LOOT tokens

First, you are going to want to navigate to NFTLootBox.com.

Once you’re there, you should see a pulsing “Connect” button.

Hit “Connect”

Now, you should see a “Connect With MetaMask” window pop-up.

Select all of the wallets you would like to connect with. We recommend you click the “Select all” option so you don’t run into issues with connecting additional wallets in the future.

Click “Next” and then click “Connect”.

Now you should see a new menu appear.

Click “Manage Pools”.

You should be taken to the “Manage Pools” page.

Now that you’re here, you can go ahead and click “Approve Loot Staking”.

Next, edit the gas fee if you would like and click the “Confirm” button.

After the transaction approving Loot Staking is completed, you can now stake LOOT!

Click “Stake LOOT” and just like above, edit the gas fee if you would like and click the “Confirm” button.

Congrats! You just staked your LOOT tokens!

The last thing you will need to do is to claim the Silver coins you’ve earned from staking when you are ready. You can use Silver coins to open Silver Loot Boxes or you can sell them on Uniswap.

Click the “Claim” button and go through the MetaMask transaction process to claim your Silver coins.

III. Claiming Staking Prizes

Opening loot boxes to win prizes is easy!

First, you’ll need to claim your Silver coins (explained above) or you will need to purchase them here on Uniswap.

Once you get your Silver coins, simply navigate to the “Buy” page.

Once you’re there you can see three boxes — Silver, Gold, and Platinum.

You don’t have to buy loot boxes one at a time. You can save money on gas by buying them in bulk!

Adjust the number of boxes (maximum of 100) you would like to buy at once by clicking the down or up arrow or by entering a new number of boxes to buy (pictured above for the Silver Loot Box, circled in green).

You can purchase a Silver Loot Box by clicking the “Buy (1 Silver Each)” button (pictured above, circled in red).

Note: If you’re only staking LOOT tokens, then you will only be able to open Silver Loot Boxes unless you buy Gold coins and Junk tokens off Uniswap.

How To Stake $LOOT LP Tokens

IV. You’re going to need to get some $LOOT LP tokens. (skip this if you have provided liquidity for $LOOT already)

There is no minimum or maximum amount of $LOOT LP Tokens you can stake, meaning that the more you stake, the more gold coins you will earn.

This can be easily be done by clicking here. After that, simply hit “Connect Wallet” and enter the amount of ETH and LOOT you wish to add as liquidity. You need to add an equal USD value of ETH and LOOT. Uniswap will automatically calculate this for you.

Next, hit “Supply” and “Confirm Supply”. You will need to use enough gas to execute the transaction or the transaction can fail to go through. We recommend sticking with the “TRADER” gas price on ETHGasStation.info to guarantee a successful transaction.

If you’re still stuck and need a walkthrough on how to successfully add Liquidity on Uniswap, click here and follow the steps outlined in the video.

V. Staking your LOOT LP tokens

If you haven’t already linked your wallet to NFTLootBox.com, follow the tutorial above starting from “2. Staking your LOOT tokens”.

The process of staking LOOT LP is almost identical to staking LOOT tokens.

After connecting your wallet, navigate to the “Manage Pools” page.

You should find yourself here.

Once you are here, click “Approve Loot LP Staking”.

A MetaMask notification should pop up.

Edit the gas fee if you would like and click the “Confirm” button.

After the transaction approving Loot LP Staking is completed, you can now stake LOOT LP!

Click “Stake LOOT LP” and just like above, edit the gas fee if you would like and click the “Confirm” button.

Congrats! You just staked your LOOT LP tokens!

The last thing you will need to do is to claim the Gold coins you’ve earned from staking when you are ready. You can use Gold coins to open Gold Loot Boxes or you can sell them on Uniswap.

Click the “Claim” button and go through the MetaMask transaction process to claim your Gold coins.

Note: mpty Gold Loot Boxes always gurauntee that you win 1 Junk token, if you collect 100 Junk tokens you can open a Platinum Loot Box, which gives you a guaranteed NFT or cryptocurrency prize!

VI. Claiming LP Staking Prizes

Opening loot boxes to win prizes is a piece of cake!

First, you’ll need to claim your Gold and/or Junk coins (explained above) or you will need to purchase them here on Uniswap.

Once you get your Gold coins, simply navigate to the “Buy” page.

Once there you’ll see three boxes — Silver, Gold, and Platinum.

Like we said above, you don’t have to buy loot boxes one at a time! Simply, adjust the number of boxes (maximum of 100) you would like to buy at once by clicking the down or up arrow or by entering a new number of boxes to buy (pictured above for the Gold and Platinum Loot Box, circled in green).

You can purchase a Gold or Platinum Loot Box by clicking the “Buy (1 Gold Each/100 Junk Each)” buttons (pictured above, circled in red).

Note: You can buy all mineable coins — Silver coins, Gold coins, and Junk tokens off Uniswap.

Conclusion

We hope you enjoyed learning the in’s and out’s of NFT Farming with $LOOT!

If you have any questions, please do not hesitate to ask us in our Telegram.

We also want to thank all of you so much for your patience regarding out platform launch! It has been a long and crazy two and a half months for all of us.

Come celebrate the platform launch in our Telegram and learn more about LOOT using the links below!