Dear BitMax.io Users,
To support the ongoing growth of Orion Protocol (ORN), BitMax.io will roll out a 3-month pre-staking program with Orion Protocol (ORN) from July 22nd, 5:00 a.m. EDT to October 22th, 5:00 a.m. EDT. The program is designed to provide BitMax.io users an exclusive first look at ORN token staking prior to official launch. During the first month of the program, BitMax.io users can stake ORN tokens for staking rewards at a 39.0% est. APR. As to the est. APR of the 2nd and 3rd month, please stay tuned for further announcement.
|First Month Est. APR%||39.0%|
|Minimum Delegation Amount||5 ORN|
|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||7 Days|
|Instant Unbonding Fee||1.50%|
|Minimum Undelegation Amount||5 ORN|
|Staked Assets as Margin Collateral||Not Available Now|
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 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.
BitMax.io will also be running a broker node of Orion Protocol and will transition to official staking when it is publicly launched. Users that participate in pre-staking can continue to earn rewards afterwards.
“StakeVault” – BitMax.io's Novel Pre-Staking Initiative
“StakeVault is a pre-staking initiative launched by BitMax.io to provide sandbox infrastructure for PoS projects to test token-economic design before launch of staking. During the pre-staking period, projects will be able to leverage the unique infrastructure of BitMax.io Staking program and apply the token-economic designs in a real market environment where token holders and liquidity of the token can both effect network stability and stake ratio.
The core value proposition is to promote accessibility to “token holders” during testnet programs from PoS projects that are traditionally made available to only developers and validators for testing of the network performance and robustness.
We truly appreciate your continued support.
July 22, 2020
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