To support the ongoing growth of Bonfida (FIDA), BitMax.io has launched FIDA Pre-Staking Program. BitMax.io users will get an exclusive first look at FIDA token open-staking, and have a great chance to earn 26% est. APR for the first week. After the 1st week, the est. APR for FIDA Pre-Staking will be adjusted to 4%. Details are as follows:
|First Week Est. APR%||26% (50% paid out as unlocked FIDA; remaining 50% as locked FIDA)|
|After First Week Est. APR%||4% (50% paid out as unlocked FIDA; remaining 50% as locked FIDA)|
|Minimum Delegation Amount||10 FIDA|
|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||20 Days|
|Instant Unbonding Fee||1%|
|Minimum Undelegation Amount||10 FIDA|
|Staked Assets as Margin Collateral||Not Available Now|
App: Click [Staking] on the homepage to participate.
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 on-chain 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.
Dec 22, 2020
Telegram Group: https://t.me/BitMaxioEnglishOfficial