Dear BitMax.io Users,
To support the ongoing growth of FinNexus (FNX), BitMax.io will launch FinNexus Pre-Staking Program starting Sept 15, 11:00 a.m. EDT, 2020. BitMax.io users will get an exclusive first look at FNX token open-staking, and have a great chance to earn 50% est. APR. Details are as follows:
|Minimum Delegation Amount||20 FNX|
|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||8 Days|
|Instant Unbonding Fee||8.88%|
|Minimum Undelegation Amount||20 FNX|
|Staked Assets as Margin Collateral||Not Available Now|
This program is different from traditional airdrops or deposit rewards. Under the pre-staking program, BitMax.io users will be required to lock up tokens in order to earn rewards, the same as with official staking. Also users have the flexibility to unstake anytime, which is different from term-deposits. While unstaking requires an unbonding period, BitMax.io offers instant unbonding service that allows users to claim back staked tokens immediately at a small price.
We truly appreciate your continued support.
Sept 15, 2020