Dear Users,

 

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:

 

PLOT Staking

TokenPLOT
Est. APR40% (70% of rewards distributed in *bPLOT tokens, 30% in PLOT)
Minimum Delegation Amount100 PLOT
Maximum Delegation AmountNone
Minimum Staking PeriodUnstake anytime
Reward Calculation Starting TimeT+1 Day
Reward Distribution Starting TimeT+2 Day
Reward Distribution CycleEvery Day
Regular Unbonding Period14 Days
Instant UnbondingSupported
Instant Unbonding Fee5%
Minimum Undelegation Amount100 PLOT
Staked Assets as Margin CollateralNot Available Now
Compound ModeSupported

 

*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

 

PC: Click here to participate in PLOT Staking

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.

 

BitMax.io Team

Nov 25, 2020