Key Takeaways from FinNexus’ New Mining Mechanism

Getting 320x in mining rewards

The new mining and staking mechanism proposed in January 2021 has been designed with multiple goals in mining, ranging from providing our investors with higher rewards to adding liquidity for traders and fostering a stable, sustainable ecosystem.

At the heart of the mechanism lies the possibility of mining FNX and USDC （USDT is added in the pool as collateral assets）in pairs, something that will allow users to enjoy a 20x multiplier when mining and a further 16x in staking, for a grand total of 320x.

This, in turn, will incentivize DeFi enthusiasts to join in and stay over the long term, providing a solid base for growth.

But it is not simply higher returns and a short term boost that the new mining mechanism is designed to generate.

Rewarding the joint mining of FNX and USDC is meant as a precaution to avoid the dumping of our token, thus creating a suitable environment for long-term development and value creation.

FinNexus is pioneering a cross-chain DeFi protocol for writing options exposure for multiple assets with pooled liquidity on Ethereum and Wanchain. This groundbreaking Multi-Asset Single Pool (MASP) methodology for decentralized peer-to-pool options platforms enables anyone anywhere to leverage or hedge their positions in a variety of cryptoassets.

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