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Launch of Umbrella Network (UMB) Staking Service
Publicar el 2021-04-26
Dear Users,
AscendEX has launched Umbrella Network (UMB) Staking Service. Details are as follows:
UMB Staking
Token | UMB |
Reward Token | RUMB1 |
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 | Supported |
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.
PC: Click here to participate in UMB Staking
App: Click [Staking] on the homepage to participate.
We truly appreciate your continued support.
AscendEX Team
April 26, 2021
Website: https://ascendex.com/
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