[ANN] VX Staking and Updated Staking as Mining Rules
christea last edited by
As we have announced previously, VX holders now receive dividends only on staked VX. Starting 12:00 pm December 6 HKT, users are able to stake VX through both App and web version ViteX. Staking guidelines and modified reward rules are as follows:
• A minimum of 10 VX must be staked to receive dividends;
• Participant is entitled to receive dividends starting with the next distribution, after submission of staking request;
• If a user revokes the staked VX, those staked amount will be released after a 7-day waiting period. No dividend will be received during this waiting period.
Users can enable automatic staking. Mined VX will be automatically staked once enabled, purchased VX is not subject to this function.
Modified reward rules started 12:00 pm Dec 6
All users that were participating in staking as mining before the upgrade can maintain their stakes. Staking can be retrieved at any time, buy will be refunded after the 7-day waiting period. These 7 days won’t count as participation in staking, and therefore won’t earn dividends.
December 6 2019
Official: https://www.vite.org/ ViteX Official: https://vitex.net/ Instagram: https://www.instagram.com/vite.labs/?hl=en Twitter: https://twitter.com/vitelabs Vite Forum: https://forum.vite.net Telegram: https://t.me/vite_en