Bibox will support staking services of BTM and IRIS from 09/05/2019 (GMT+8). Users can enjoy up to 24% annualized returns as staking rewards and gain BlockPool’s native token, BPT with holding the corresponding tokens (ATOM, BTM or IRIS) on Bibox.
- Event Starting Time: The snapshots of BTM and IRIS assets will be taken on 09/04/2019 (GMT+8) and the first staking rewards will be distributed on 09/05/2019 (GMT+8).
- Users authorize the platform to use their ATOM, BTM and IRIS assets for staking. Users will gain staking reward with holding ATOM.
- The staking reward is BPT with an annualized return up to 24%. Learn more on the Event Page.
- Bibox will take snapshots of ATOM assets in “My Wallet” and “Exchange Account” from 10:00 A.M. to 11:00 A.M. (GMT+8) every day and serve as basis for staking rewards.
- In order to ensure the maximum staking profits and the mobility for users, the daily staking proportion will be dynamically adjusted to achieve automatic balance according to the algorithm.
- All Bibox users are eligible to participate in Staking. The participation in Staking will not affect withdrawal and trading functions of ATOM, BTM, and IRIS, users can trade ATOM at any time. If users no longer hold ATOM after transaction, they will not gain staking rewards any more.
- Reward Distribution. Staking rewards will be calculated every day and distributed to “My Wallet” starting from 8:00 A.M. (GMT+8) the next day. The first BTM and IRIS staking rewards will be distributed on 09/05/2019 (GMT+8).
- If the user's daily reward is less than 1 BPT, then the reward will not be distributed.
- There will be a potential risk that users may not be able to withdraw his or her designated ATOM in a timely manner. Bibox will use its best efforts to avoid such inevitably delay. However, in order to ensure the smooth withdrawal process, users who need to withdraw their respective ATOM assets shall have to follow the withdrawal sequence.
- The Service provided by Bibox herein will only involve ATOM, BTM, and IRIS. If users encounter the withdrawal sequence, the said users may choose to exchange ATOM, BTM, and IRIS with other tokens, and withdraw the exchanged tokens immediately. Bibox provides the leading trading depth and experience.
- Bibox reserves the right of final interpretation of this event.
Risk Warning: The Digital asset market is volatile and investors need to reasonably evaluate their risk tolerance and participate as appropriate. The content of this announcement and the information on the event page do not constitute any investment suggestions.
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