AscendEX has launched Umbrella Network (UMB) Staking Service. Details are as follows:
|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 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.
App: Click [Staking] on the homepage to participate.
We truly appreciate your continued support.
April 26, 2021
Telegram Group: https://t.me/AscendEXEnglish