Dear BitMax.io Users, 

 

BitMax.io will roll out a 3-month pre-staking program with xDai (STAKE) to provide BitMax.io users an exclusive first look at STAKE token open-staking. This program will serve as the official launch of “StakeVault,” a novel pre-staking initiative from BitMax.io to provide sandbox infrastructure for Proof-of-Stake projects and test token-economic design before launch of staking. Details are as follows: 

 

3-month Pre-Staking Program with a Projected 36.4% Annualized Return

 

To support the ongoing growth of xDai Chain, xDai (STAKE) will conduct a 3-month Pre-Staking Program with BitMax.io beginning May 5th, at 10:00 am EDT. Over the course of the pre-staking program, users can stake STAKE tokens and receive staking rewards at a projected 36.4% Annualized Return: 

 

Token CategorySTAKE
Est. APR%36.4%
Minimum Delegation Amount10 STAKE
Maximum Delegation AmountNone
Minimum Staking TimeUnstake anytime
Reward Distribution Starting TimeT+2 Day
Reward Distribution CycleEvery Day
Regular Unbonding Period7 Days
Instant UnbondingSupported
Instant Unbonding Fee0.7%
Staked Assets as Margin CollateralNot Available Now
Compound ModeSupported

 

Click here to earn staking rewards for STAKE via “StakeVault” (PC only) 

 

StakeVault is different from traditional airdrops or deposit rewards. Under the pre-staking program, BitMax.io users will be required to lock up tokens –  just as with real staking – in order to earn rewards. StakeVault also differs for term-deposits, users have the flexibility to unstake anytime. While unstaking requires an unbonding period, BitMax.io offers instant unbonding services that allows users to claim staked tokens right away at a small fee. 

 

BitMax.io will also be running a validator node to support the xDai Chain network and will transition to open-staking when it is officially launched. Users that stake via StakeVault will continue to earn once open-staking is launched.  

 

xDai (STAKE)Pre-Staking Sweepstake: Earn 5 times the Staking Rewards!

 

During this event, users who participate in xDai (STAKE) pre-staking while staking XTZ or ATOM or KAVA, will be eligible to join the Pre-Staking Sweepstake Draw. Winners can earn 5 times the staking rewards in the corresponding reward calculation period.

The promotional event runs from May 6th, 10:00 a.m. EDT, to August 6th 10:00 a.m. EDT.

 

Terms & Conditions:

1. A total of 12-rounds of  draws will be conducted, and 5 lucky winners will be selected in each round. Winners can earn 5X times the staking rewards for all staking (STAKE, XTZ, ATOM, KAVA) in that reward calculation period;

2. The chance of winning the Sweepstake for each participant is unlimited;

3. Each winner can earn a token bonus worth up to 100 USDT.

4. The Sweepstake will be completed per the following schedule:

 

Round

Reward Calculation Period

Number of Winners

1st Round

May 5, 14:00 UTC to May 11, 24:00 UTC

5

2nd Round

May 12, 0:00 UTC to May 19, 24:00 UTC

5

3rd Round

May 20, 0:00 UTC to May 27, 24:00 UTC

5

4th Round

May 28, 0:00 UTC to June 4, 24:00 UTC

5

5th Round

June 5, 0:00 UTC to June 12, 24:00 UTC

5

6th Round

June 13, 0:00 UTC to June 20, 24:00 UTC 

5

7th Round

June 21, 0:00 UTC to June 28, 24:00 UTC 

5

8th Round

June 29, 0:00 UTC to July 6, 24:00 UTC 

5

9th Round

July 7, 0:00 UTC to July 14, 24:00 UTC

5

10th Round

July 15, 0:00 UTC to July 22, 24:00 UTC

5

11th Round

July 23, 0:00 UTC to July 30, 24:00 UTC

5

12th Round

July 31, 0:00 UTC to August 5, 14:00 UTC

5

5. The Sweepstake draw will be completed within 3 days after the conclusion of each reward calculation period. The Sweepstake’s  draw process will be recorded as a video and posted on Twitter.

1st Round Sweepstake:https://twitter.com/BitMax_Official/status/1260872007689748481

2nd Round Sweepstake:https://twitter.com/bitmax_official/status/1263799595219419137?s=21

3rd Round Sweepstake:https://twitter.com/BitMax_Official/status/1266381053033316352?s=20

4th Round Sweepstake:https://twitter.com/BitMax_Official/status/1270102438746492930?s=20

5th Round Sweepstake:https://twitter.com/BitMax_Official/status/1273234092889423875?s=20

6th Round Sweepstake:https://twitter.com/BitMax_Official/status/1275778713444122624?s=20

7th Round Sweepstake:https://twitter.com/BitMax_Official/status/1279048368459853824?s=20

8th Round Sweepstake:https://twitter.com/BitMax_Official/status/1281607924868100096?s=20

9th Round Sweepstake:https://twitter.com/BitMax_Official/status/1285599532030529538?s=20

10th Round Sweepstake: https://twitter.com/BitMax_Official/status/1287735891012784129?s=20

11th Round Sweepstake: https://twitter.com/BitMax_Official/status/1291086816813166595?s=20

12th Round Sweepstake:https://twitter.com/BitMax_Official/status/1292933459997065222?s=20

 

6. Regular staking rewards will be calculated and distributed per delegation rules. The bonus will be distributed within 3 days after each Sweepstake draw based on the weekly staking reward users receive (staking reward X 4). The bonus will be distributed in the same token users staked.

 

BitMax.io reserves the final right to interpret and adjust these Terms and Conditions. For any abusive or suspicious activity detected, BitMax.io will take action and disqualify the user from the event.

 

“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 incentivized testnet programs from PoS projects that are traditionally made available to only developers and validators for testing of the network performance and robustness. 

 

We appreciate your continued support.

 

The BitMax.io Team

May 4, 2020

 

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