BKEX will launch Staking – Bandex Pool at 20:00 on May 6, 2022 (UTC+8).
BKEX Launch Staking – Bandex Pool
Staking lock-up mining will open Bandex mining pool at 20:00 on May 6, 2022 (UTC+8). The details are as follows:
| Pool name | Bandex Pool |
|---|---|
| Min. locked amount of an order | 50,000,000 |
| Max. locked amount of an order | 150,000,000 |
| Est. APY | 30% |
| Unlocking cycle (day) | 7 |
Staking lock-up mining refers to an act 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, withdrawals and transactions are not supported (the locked-up assets can be unlocked at any time). It is suitable for users who hold coins for a long time, and the benefits are higher.
1. Lock-up rules:
If the user locks the position before 20:00 on T day, it will be confirmed on the same day, the interest will be calculated on T+1 day, and the income will be distributed on T+2 day.
If the user locks the position after 20:00 on T day, it will be confirmed on T+1 day, interest will be calculated on T+2 day, and income will be distributed on T+3 day.
Lock-up period: Flexible unlocking, users can unlock locked-up assets at any time.
2. Unlock redemption rules:
Orders that enter the unlocking cycle will no longer generate revenue.
The user submits the 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 Bandex on January 1, 2022, and the Bandex unlock period is 7 days. The system will confirm and process the unlock order on January 2, and the unlocked Bandex of User A will be unlocked on January 2, 2022. Arrived on the 9th.
3. Income distribution rules:
Staking lock-up mining income distribution time is 16:00~18:00 every day (UTC+8).
User’s Staking Locked Mining Revenue on the current day = Actual Staking Locked Mining Revenue on the day / Total Staking Locked on the current day * User’s Staking Locked Quantity on the current day.
In the future, the estimated annualized rate of return will be gradually adjusted according to market conditions, and no further announcement will be made.
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...