Dear Users,

To support the development of Vera (VERA) ecosystem, AscendEX will launch VERA Pre-Staking Program. This program provides AscendEX users an exclusive first look at the VERA token open-staking offering, and provide users a chance to earn 100% est. annualized return from the program.

In celebration of the launch of VERA Pre-Staking, AscendEX will also roll out several promotional events. Users will stand a chance to share 10,000 USDT worth of pooled rewards. Details are as follows:

PC Clients: Please click HERE to participate in the VERA Pre-Staking
APP Clients: Please click “Staking” on the homepage to participate

VERA Pre-Staking
Est. APR100%
Minimum Staking Amount100 VERA
Maximum Staking AmountNo limits
Minimum Staking PeriodStake and redeem anytime
Start Time of Reward CalculationT+1 days
Start time of Reward DistributionT+2 days
Return Distribution CycleDaily
Regular Unstaking Period14 days
Instant UnstakingSupported
Instant Unstaking Fees10%
Minimum Unstaking Amount100 VERA
Staked Assets as Margin CollateralNot supported now
Compound ModeSupported

Event: Stake VERA to Receive Extra Up to 50% APR Earnings
Event Period: Dec. 1, 3 PM - Dec. 15, 12 AM UTC

AscendEX will rank users who maintain a 14-day average staking amount of 500 VERA or more. The eligible users will receive extra APR earnings based on the staking amount rankings. The rewards will be capped at 10,000 USDT of VERA tokens and distributed on a first-come-first-served basis. Please see below for details:

RankExtra APRMax. Earnings/Staker
1st - 5th +50%300 USDT of VERA
6th - 30th +30%100 USDT of VERA
Beyond the 30th +10%30 USDT of VERA

1. The 14-day average staking amount = the total of daily VERA staking amount /14
2. Extra Staking APR earnings = 14-day average staking amount * (Extra APR/365) *14
3. 100% regular staking earnings is calculated and distributed based on the regular staking rules. The extra APR earnings will be distributed within 15 days after the event’s conclusion. The rewards will be capped at 10,000 USDT worth of VERA tokens and distributed based on the staking amount rankings on a first-come-first-served basis.
4. If a user unstakes before the conclusion of the event, the user will not be eligible for the extra earnings. However, the distribution of the regular staking returns will not be affected.

The Pre-Staking event is different from the regular platform events. During the event period, AscendEX users need to have their tokens locked (similar to Staking) to receive earnings. However, it is also different from the fix-term financial products, because users can add and redeem assets anytime. In addition to the regular unstaking that users need to wait for the unstaking period, AscendEX also provides the instant unstaking services, enabling users to immediately redeem their assets by paying a small amount of fees.

Thank you for your continued support!

The AscendEX Team

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