# How to Stake Your Tycoons

**Published by:** [Know How NFT](https://paragraph.com/@know-how-nft/)
**Published on:** 2022-02-18
**URL:** https://paragraph.com/@know-how-nft/how-to-stake-your-tycoons

## Content

So you’ve got your vending machines tycoon and you are wondering how to upgrade it and stake it so you can earn some $BUSINESSES. Here’s a small how to guide. After connecting your wallet to vmtycoon.io, go to Office and make sure your tycoons are working. If they aren’t working, put them to work by clicking ‘get them working’. You will see something like this:Working tycoonsYou can see they are now working. This means they are staked! And will produce $BUSINESSES. A level 1 tycoon produces 1 $BUSINESSES per day. If you upgrade the tycoon, it goes to level 2 and can produce 0.25 more $BUSINESSES, ($BIZ) for short. How do you upgrade your tycoons? You can upgrade the tycoons by adding $DOLLA to them. It kinda makes sense, if you want to grow your business, you need to invest $DOLLA. This way you get more $BUSINESSES. To get $DOLLA, you can buy from the exchanges - TraderJoe, Pangolin or Lydia. But you can also stake your $BUSINESSES and it will yield $DOLLA at the rate of 1:3. This means for every 1 $BUSINESSES you stake, you get 3 $DOLLA every day! So when you get your 100 $BUSINESSES airdrop, you might want to stake them to produce $DOLLA. nfa So how do you stake your $BUSINESSES to produce $DOLLA? HOW TO STAKE (DEPOSIT) $BUSINESSES Again, go to Office. Really that’s where you want to be. Working in your office, making sure your tycoons are working )Depositing $BizOnce you click Deposit, it opens a pop-up where you can choose how much $BIZ you want to stake. Choose yes, approve, and your businesses are working for you!Stake BIZYou will see the amount of staked BIZ in Businesses Active. And on the $DOLLA side of things, it shows how much DOLLA you are earning. So what if you want to stop staking BIZ? you can use the withdraw button to take out your BIZ, but mind you, there is a 10% unstaking fee.unstaking BIZCLAIMING BUSINESSES So you have earned 2 $BUSINESSES and you want to claim them, so you can deposit them, or trade them. You click on CLAIM and approve the transaction.claim BIZINVESTING DOLLA TO UPGRADE TYCOONS You can add DOLLA to your Tycoons to increase their ability to produce more $BUSINESSES for you. I think the level is unlimited, so you can keep upgrading. But you must bear in mind that for every level it works like this. 25 x Level^2 So for level 2 you will need 25 x (1x1), which is 25 $DOLLA. For level 3 you will need to invest 25 x (2x2) = 100 $DOLLA For level 4 you will need 25 x (3x3) = 225 $DOLLA. The good thing is when you stake that initial 100 $BUSINESSES, and probably keep staking your produced $BUSINESSES, it makes leveling up a lot easier. nfa of course )) So, go the tycoon you wish to upgrade and click ‘ADD DOLLA’Adding DOLLA to upgrade Tycoon.Add DOLLA, approve the transaction and you are good to go. SWAPPING BIZ FOR DOLLA So sometimes you don’t want to wait and to swap some BIZ to produce DOLLA immediately at the ratio of 1:12. Means for every 1 BIZ you burn, you get 12 DOLLA. Meanwhile, there is a special event on Sunday where you can burn BIZ at the rate of 1: 120. Means for every 1 BIZ you get 120 DOLLA -this burns BIZ as per the docs. This might get you to higher levels faster. Fun too. And if lending from Chikn experience, there might be some incentive for burning BIZ, but no facts yet )) So to do that go to the $DOLLA screen and click TRADE.swapping BIZ for DOLLASo yes, happy investing! Most importantly, have fun! Big ups to Chikn NFT for showing the way. -Pavel, @ikegochain on Twitter

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