Seeing the great response to the PLOT listing on BitMax, we have partnered with the exchange to launch an innovative staking program.
Here are the key details of the PLOT staking program on BitMax:
- 40% APR
- 14 days bonding period
- Pay-out in PLOT and bPLOT
Payout Structure
The APR for the staking rewards is set at a lucrative 40% and the payouts for the staking will happen in both PLOT & bPLOT in the 30:70 ratio. That means, if you are to receive $10 of staking rewards, you would receive $3 in PLOT and $7 in bPLOT tokens. This will not only provide a great return to staking traders but also incentivize participation on PlotX.
For those who are unaware, bPLOT is a non-tradeable wrapped PLOT token. It can be used to make predictions on PlotX and earn rewards in PLOT and ETH, based on market participation. Read more about bPLOT here.
The staking program goes live at 10 am ET on 25th Nov 2020 and goes on till 25th Feb 2021.
How to Stake?
To understand how to stake, please follow these guides prepared by the BitMax team: Desktop users | Mobile users
For further information regarding $PLOT staking on BitMax, please click here.
Note: For queries regarding staking on BitMax, please read their FAQ document or contact their official telegram group — https://t.me/BitMaxioEnglishOfficial
Happy staking!
