To further support the continued growth of PlotX (PLOT), BitMax.io has designed and launched an innovative PLOT Staking Program jointly with the PlotX team. BitMax.io users will get exclusive access to PLOT staking rewards distributed in dual tokens. Details are as follows:
|Est. APR||40% (70% of rewards distributed in *bPLOT tokens, 30% in PLOT)|
|Minimum Delegation Amount||100 PLOT|
|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||14 Days|
|Instant Unbonding Fee||5%|
|Minimum Undelegation Amount||100 PLOT|
|Staked Assets as Margin Collateral||Not Available Now|
*What is bPLOT
bPLOT (bonus-PLOT) is a wrapped PLOT token that can only be used to participate in PlotX prediction markets (https://app.plotx.io/) as it is non-tradeable. The value of bPLOT is equal to that of PLOT at all times and by using bPLOT tokens, users can mine PLOT tokens for themselves. bPLOT withdrawals are available now. Smart Contract Address for bPLOT: https://etherscan.io/token/0x82cB6Cd09Bf80fB4014935871fF553b027255D36
App: Click [Staking] on the homepage to participate.
This program is different from traditional airdrops or deposit rewards. Under the staking program, BitMax.io users will be required to lock up tokens in order to earn rewards. Also users have the flexibility to unstake anytime, which is different from term-deposit. While unstaking requires an unbonding period, BitMax.io offers instant unbonding service that allows users to claim back staked tokens immediately for a small fee.
We truly appreciate your continued support.
Nov 25, 2020