In this sectionGetting Started
How Inkryptus Works
On this page
This page explains the core mechanics of the Inkryptus platform: how users deposit assets, how the custodial wallet operates, what products are available, and how staking rewards are generated.
Custodial model
Inkryptus operates a custodial platform. When a user creates an account, the platform:
- 1
Account creation
Creates an account record in the backend.
- 2
Wallet generation
Generates an individual address for the user, with the wallet itself living inside the platform's smart contract.
- 3
Balance tracking
Tracks the user's balance through the backend database.
Each user has their own address on-chain, and every wallet lives inside the Inkryptus smart contract, which is what executes on it. There is no per-user private key to generate, export, or lose, and no seed phrase recovery flow to get wrong. The rules that can move a balance are written in a contract anyone can read, which is a different arrangement from the common web3 one, where custody means a key is being held for you. It still requires trusting Inkryptus as the custodian of that contract.
User deposit and withdrawal flow
- 1
Initiate deposit
User initiates a deposit request in the app, specifying asset, amount, and fiat payment method if applicable.
- 2
Receive deposit address
App displays a platform-controlled deposit address.
- 3
Send crypto
User sends crypto to that address, or completes a fiat-to-crypto purchase.
- 4
On-chain confirmation
Platform receives the transaction on-chain.
- 5
Balance credited
Backend confirms receipt and credits the user's account balance.
Each user has a dedicated address on-chain, and the wallet sits inside the platform's smart contract. The balance is tracked both on-chain, through that address, and in the backend database.
Features
Staking
Commit INKY, USDT, or CAKE and earn daily rewards.
Swap
Convert assets through USDT directly in the app.
Arena
On-chain games hub with its own wallet, running on INKY.
Staking
Inkryptus offers four staking products:
- INKY Pool: put INKY tokens into staking and earn INKY rewards from protocol emissions. Rewards are generated by the TokenMinter contract based on a programmed emission schedule.
- USDT Pool: put USDT into staking and earn USDT rewards. Staking USDT deepens the liquidity behind the project, so a share of the daily INKY emission is allocated to USDT stakers and converted into USDT-denominated rewards.
- CAKE Pool: put CAKE (the PancakeSwap governance token) into staking and earn rewards from PancakeSwap protocol incentives.
- Arena Staking Pool 36m: A pool open from 3 USDT that earns from Arena activity plus an additive INKY emission (separate from the standard emission). See Arena Staking Pool.
Users select a pool in the app, deposit their balance, and accrue rewards daily. Rewards can be harvested (claimed) at any time. There is no auto-compound; harvest is manual. See Staking for detailed mechanics.
Swap
The Swap converts assets internally through USDT as the central pair. In the app, users see Buy and Sell actions for each asset: to buy, the user spends USDT; to sell, the user receives USDT. There are no direct routes between non-USDT assets. The platform quotes a price, shows the fee (3 USDT fixed), and executes internally with no gas fee. Fiat on-ramp (local currency to USDT) is available on a separate screen within the Wallet. See Swap for details.
Arena
The Arena is an on-chain games hub inside the app, with its own wallet (a balance separate from the main wallet). Games run on INKY and settle on-chain, so plays and payouts are verifiable. Coin Flip, Golden Kick and Minesweeper are playable today; Lottery, Prediction and Blackjack are announced. See Arena for details.
On-chain infrastructure
INKY Token
The INKY token (contract 0x75a320c97205dd2e70e09085d1408c73a73d4d8f) is a BEP-20 token on BNB Smart Chain. It is the reward token for the staking pools and the asset the platform's products run on. INKY is not a governance token today: there is no holder vote, and governance is a project rather than a live feature. INKY has a hard cap of 200,000,000 tokens. The common pools emit a share of what is staked, capped at 10,000 INKY, and Arena Staking Pool mints on top of that, so the contract emits 15,000 INKY a day today and 20,000 INKY at the most. See Emission for the formula.
All INKY transactions and balances are public on BscScan. See INKY Token for supply, emission, liquidity, and security details.
Smart contracts
Inkryptus maintains three primary smart contracts on BNB Smart Chain:
| Contract | Purpose |
|---|---|
| INKY Token (BEP-20) | Token contract managing supply, transfers, and permissions |
| Staking Pool (INKY) | Handles deposits, reward accrual, and claims for INKY stakers |
| TokenMinter | Emits INKY rewards according to a programmed schedule |
Additional contracts manage USDT and CAKE staking. All contract addresses and ABIs are published in the Contracts section. Contract code is publicly viewable on BscScan.
Liquidity and trading
INKY maintains liquidity on PancakeSwap (v2 and v3) in the INKY/USDT pair. This allows users to swap INKY on the open market at market rates. The platform may provide or withdraw liquidity at its discretion. See Liquidity for current pool depth and fee information.
Reward generation
INKY staking rewards
Users staking INKY earn INKY rewards. Rewards are generated by the TokenMinter contract, which emits INKY daily following a dual rule: a share of what is staked in the common pools, capped at 10,000 INKY, whichever is lower, with Arena Staking Pool minting on top, to a ceiling of 20,000 INKY a day. Emitted tokens are distributed proportionally among stakers.
USDT and CAKE staking rewards
- USDT: Users lock USDT on the platform, which deepens the liquidity behind the INKY/USDT pool. Because that staked USDT works for the project, the platform allocates a share of the daily INKY emission to reward USDT stakers, converted into USDT-denominated rewards. The reward is not protocol revenue and it is not a lending arrangement.
- CAKE: An encapsulated protocol from PancakeSwap. The platform abstracts the interaction with PancakeSwap's native staking contracts. Rewards come directly from PancakeSwap's reward mechanics.
All rewards are credited daily and can be claimed via the Harvest function. Harvest is manual (no auto-compound). Each Harvest operation has a flat fee of 3 USDT.
Platform overview
| What moves | From | To |
|---|---|---|
| Deposit | An external wallet or exchange | Your wallet, at its own address on-chain |
| Stake | Your wallet | The staking pool of that product |
| Daily rewards | The staking pool | Your wallet, claimed with Harvest |
| New INKY | TokenMinter | The staking pool, under the emission rule |
| Swap | Your wallet | The in-app swap, priced from the PancakeSwap INKY/USDT pool |
| Withdrawal | Your wallet | An external wallet or exchange |
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