BKEX Global has announced about staking lock-up mining and opening CMCX mining pool.
Details of Staking – CMCX Pool
Staking lock-up mining will open the CMCX mining pool at 20:00 (UTC+8) on October 18, 2021. The specific details are as follows:
| Pool name | Min. locked amount of an order | Max. locked amount of an order | Est. APY | Unlocking cycle (day) |
|---|---|---|---|---|
| CMCX Pool | 10,000 | 30,000,000 | 29% | 90 |
1. Locking rules
If the user locks the position before 20 o’clock on the T day, it will be confirmed on the same day, the interest will be calculated on the T+1 day, and the income will be released on the T+2 day.
If the user locks the position after 20 o’clock on the T day, it will be confirmed on the T+1 day, the interest will be calculated on the T+2 day, and the income will be released on the T+3 day.
Lock-up period: Flexible unlocking, users can unlock the locked-up assets at any time.
2. Unlocking and redeeming rules
Orders that enter the unlocking cycle will no longer generate revenue.
The user submits an unlock order on T day, which will be confirmed and processed on T+1 day, and will be credited to the account after the unlock period expires.
For example User A applies to unlock CMCX on January 1, 2021. The CMCX unlock cycle is 90 days.
The system will confirm and process the unlock order on January 1, and the unlock CMCX of user A will be in April 2021. Arrived on the 2nd.
3. Income distribution rules
Staking lock-up mining proceeds are issued from 16:00 to 18:00 daily (UTC+8).
The user’s staking lock-up mining revenue of the day = the actual staking lock-up mining revenue of the day / the total staking lock-up amount of the day * the user’s staking lock-up number on the day.
4. Risk warning
Staking lock-up mining income is a currency-based income. Different mining pools have different unlocking cycles.
During the unlocking cycle, the loss caused by the fall of the currency price needs to be borne by the user.
In addition, due to possible changes in mining pools and revenue distribution rules, Staing lock-up mining yields may fluctuate and are not static.
5. Other
Both APP and Web have supported Staking lock-up mining function.
Product introduction
Staking lock-up mining refers to the behavior of depositing tokens in a specific cryptocurrency wallet to support the operation of the blockchain network. Under the Proof of Stake (PoS) mechanism, the pledge will be rewarded with tokens.
Users can obtain benefits by locking digital assets for a certain period of time. During the lock-up period, cash withdrawals and transactions are not supported (locked assets can be unlocked at any time).
It is suitable for users who hold coins for a long time and has higher returns.
Please check BKEX official website or contact the customer support with regard to the latest information and more accurate details.
BKEX official website is here.
Please click "Introduction of BKEX", if you want to know the details and the company information of BKEX.
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...