Dear Users,


To support the ongoing growth of the XCAD Network (XCAD), AscendEX has launched Pre-Staking for XCAD. AscendEX users can now stake XCAD and earn 30% est. APR. Users who participate in XCAD Pre-Staking between July 8, 2:00 p.m. UTC and July 22, 12 a.m. UTC, 2021 will also have a chance to win a share of 10,000 USDT worth of XCAD rewards. 


See below for Pre-Staking details:

XCAD Pre-Staking
Est. APR30%
Minimum Delegation Amount5 XCAD
Maximum Delegation AmountNone
Minimum Staking PeriodUnstake Assets Anytime
Reward Calculation Starting TimeT+1 Day
Reward Distribution Starting TimeT+2 Day
Reward Distribution CycleDaily
Regular Unbinding Period7 Days
Instant UnbindingSupported
Instant Unbinding Fee5%
Minimum Undelegation Amount5 XCAD
Staked Assets as Margin CollateralNot Available Now
Compound ModeSupported


Promotional Event: Stake XCAD to Share a 10,000 USDT Prize Pool

Event Period: July 8, 2:00 p.m. UTC - July 22, 12 a.m. UTC

Participants who delegate XCAD while maintaining the minimum delegation amount of 200 XCAD or more will be eligible to earn 30% est. APR and win a share of the XCAD rewards pool worth 10,000 USDT.

Event Terms and Conditions:
1. Rewards Distribution: 30% est. APR for Staking will be calculated and distributed based on Staking rules. Rewards for the promotional event will be distributed to users’ accounts within 15 days of the event’s conclusion.  
2. If a participant chooses to undelegate their assets before the event’s conclusion, the participant will not be eligible for the event rewards. However, the Staking profits the participant earned will not be affected. 
3. Users must have a verified account to be eligible to participate in the event.
4. AscendEX will strictly enforce all the related rules. Any participants found violating AscendEX’s rules, such as the use of duplicate or false accounts, will be removed from the event. AscendEX reserves the final rights on the interpretation and adjustment of these Terms and Conditions.

PC: Click here to participate in XCAD Pre-Staking
App: Click [Staking] on the homepage to participate in XCAD Pre-Staking.

Please note:
By participating in the pre-staking project, users will be required to lock up their tokens to earn rewards. 
Pre-staking permits users to unstake tokens at any time. 
Pre-staking projects offer an instant unbinding service that allows users to claim staked tokens immediately with a small fee even if they unstake during the unbinding period.

We truly appreciate your continued support.

The AscendEX Team


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