Dear Users,

AscendEX has launched Umbrella Network (UMB) Staking Service. Details are as follows:

UMB Staking

Token

UMB

Reward Token

RUMB1

Minimum Delegation Amount

100 UMB

Maximum Delegation Amount

None

Minimum Staking Period

Unstake anytime

Reward Calculation Starting Time

T+1 Day

Reward Distribution Starting Time

T+2 Day

Reward Distribution Cycle

Every Day

Regular Unbonding Period

1 Day

Minimum Undelegation Amount

100 UMB

Instant Unbonding

Supported

Instant Unbonding Fee

1%

Staked Assets as Margin Collateral

Not Available Now

Compound Mode

Not Available Now

 

Notes: UMB staking rewards distributed in the form of RUMB1 tokens. RUMB1 is non-tradeable. Umbrella will generate 111,872 RUMB1 everyday after launch. RUMB1 will be redeemable for 1 UMB when certain business milestones are reached or 1 year from start of Milestone 1. Each day, a maximum of 223,744 RUMB1 can be exchanged for UMB. This RUMB1 for UMB exchange process will take 6 months or less.

PC: Click here to participate in UMB Staking

App: Click [Staking] on the homepage to participate.

We truly appreciate your continued support.

AscendEX Team

April 26, 2021

Website: https://ascendex.com/
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