To support the ongoing growth of Fire Protocol (FIRE), BitMax.io has launched FIRE Pre-Staking Program. BitMax.io users will get an exclusive first look at FIRE token open-staking, and have a great chance to earn 26% est. APR. Details are as follows:
|Minimum Delegation Amount||5 FIRE|
|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||14 Days|
|Instant Unbonding Fee||2%|
|Minimum Undelegation Amount||5 FIRE|
|Staked Assets as Margin Collateral||Not Available Now|
App: Click [Staking] on the homepage to participate.
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 on-chain staking. Also, users have the flexibility to unstake anytime, which is different from term-deposits. While unstaking requires an unbonding period, BitMax.io offers an instant unbonding service that allows users to claim back staked tokens immediately at a small price.
We truly appreciate your continued support.
March 19, 2021
Telegram Group: https://t.me/BitMaxio_English