Dear Users,
To support the development of Rizon (ATOLO), AscendEX has launched the Rizon (ATOLO) Pre-Staking program. Users who stake ATOLO between 2:00 p.m. UTC, Jan. 28 and 12:00 a.m. UTC, Feb. 11, 2022 in addition to earning staking interest will be eligible to share an extra 6,000 USDT worth of rewards in ATOLO.
PC Clients: Please click HERE to participate in the ATOLO Pre-Staking program
APP Clients: Please click “Staking” on the homepage to participate
Details on ATOLO Pre-Staking
ATOLO Staking | |
| Token | ATOLO |
| Minimum Delegation Amount | 1,000 ATOLO |
| Maximum Delegation Amount | N/A |
| Minimum Staking Period | Stake and redeem anytime |
| Reward Calculation Starting Time | T+1 Day |
| Reward Distribution Starting Time | T+2 Day |
| Reward Distribution Cycle | Daily |
| Regular Unbonding Period | 24 Days |
| Instant Unbonding | Supported |
| Instant Unbonding Fee | 5% |
| Minimum Undelegation Amount | 1,000 ATOLO |
| Staked Assets as Margin Collateral | Not Supported Now |
Limited-time Event: Stake ATOLO to Earn Extra APR of Up to 50%
Event Period: 2:00 p.m., Jan. 28 - 12:00 a.m. UTC, Feb. 11, 2022
AscendEX will rank users who stake ATOLO while maintaining a 14-day average staking amount of at least 4,000 ATOLO. The bigger the staking amount, the higher the rank of the user and the larger the rewards. Please see below for details:
| Rank | Extra APR | Reward Cap/User |
| Top 1-5 | 50% | 200 USDT worth of ATOLO tokens |
| Top 6-30 | 30% | 100 USDT worth of ATOLO tokens |
| Beyond the Top 30 | 10% | 30 USDT worth of ATOLO tokens |
Please note:
1. Only newly staked assets delegated between 2:00 p.m., Jan. 28 and 12:00 a.m. UTC, Feb. 11, 2022, will be calculated towards the event.
2. 14-day average staking amount = The sum of staking amount in 14 days / 14
3. Staking rewards = 14-day average staking amount × (APR/365) × the number of staking days
4. The normal staking returns will be calculated and distributed according to the regular staking rules, and the staking rewards will be distributed to users’ accounts within 15 days after the event’s conclusion. Staking rewards will be capped at 6,000 USDT worth of ATOLO tokens and will be distributed based on the 14-day average staking amount rankings on a first-come-first-served basis.
5. If a user unstakes before the conclusion of the event, the user will not be eligible for the extra staking rewards. However, the distribution of their regular staking returns will not be affected.
We truly appreciate your continued support.
The AscendEX Team
Website: https://ascendex.com/
Twitter: https://twitter.com/AscendEX_Global
Telegram Group: https://t.me/AscendEXEnglish
