New PEN Staking Pools going live on The Recharge (Charging Station)
Hello~ This is Team Protocon.
The PEN Staking Pool will be opened at the Charging Station, the DeFi platform of our partner The Recharge. Protocon’s governance token, PEN holders, can receive rewards by depositing PEN for a certain period of time through PEN staking. PEN is available to purchase through the bibox exchange on April 20th.
PEN Staking
- The PEN staked by all users is safely stored for the period specified in the PEN Staking Pool.
- All users can obtain PEN as a reward in proportion to their staking amount.
- At the Charging Station, you can check the accumulated PEN rewards in real time.
- Protocon operates two types of staking pools.
*Staking, also called yield farming, is a method of earning interest by putting cryptocurrency in a savings account.
Staking info.
Staking Pool: Protocon Locked Pool 1
- Type: Lock up
- Period: April 17, 2022 08:00am — July 15, 2022 08:00 am (UTC)
- Minimum Entry: 50,000 PEN
- Reward: PEN
Staking Pool: Protocon Locked Pool 2
- Type: Lock up
- Period: April 17, 2022 08:00am — July 15, 2022 08:00 am (UTC)
- Minimum Entry: None
- Reward: PEN
Notice
- [Staking Pool 1] is a product with a limit on the minimum staking quantity and provides a relatively higher APY than [Staking Pool 2].
- APY (Annual Percentage Yield) fluctuates in real time according to the number of PEN deposited in the staking pool and is not a fixed rate.
- This staking pool is a lock-up product that cannot be withdrawn during the staking period, and after the staking period expires, unstaking (withdrawal) is possible at the same time as compensation is received.
- Rewards will not be automatically deposited into your wallet after the expiration of the staking period. You can receive your staking volumes & rewards through the withdrawal process by pressing the ‘Unplug’ button at the Charging Station.
- Transaction fees are incurred when staking from a wallet to a staking pool. Fees may be incurred even when receiving rewards, so please prepare enough BNB in advance.
Join PEN Staking Pool 👉 https://defi.therecharge.io/station
*Detailed staking guidelines will be provided.
Starting with PEN Staking, we are planning more events and services to revitalize the Protocon ecosystem and provide benefits to PEN token holders. Stay tuned for our next move.
Thank you
Team Protocon
