FAQ
MBX Swap
What is Warp?
With our ecosystem implementing multichain, MBX tokens are available on multiple networks. Warp is a feature available on MBX Swap that allows users to freely transition between MBX on different networks.
What is MBX Swap?
MBX Swap is a system that allows the exchange/conversion/staking of various ecosystem tokens (MBX, MBXL, gMBX). Not to be confused with SWAP, a seperate feature available on MBX NFT.
MBX Swap includes the following features:
Swap: users can exchange of MBX to gMBX
Staking: users can stake MBXL
Warp: users can bridge MBX tokens between various available chains.
MBXL Staking
How are additional rewards calculated?
Additional rewards are given to players who have staked for a long time, so they will vary depending on the amount of time staked. Additional rewards are calculated based on the number of withdrawal requests.
Less than 90 days: None.
90 to 179 days: 1% of withdrawal request amount.
180 to 364 days: 2% of withdrawal request amount.
365 to 729 days: 4% of withdrawal request amount.
730 days or more: 7% of withdrawal request amount.
When can I receive additional rewards?
You can claim additional rewards by clicking the Claim button 5 days after your previous withdrawal request.
When can I receive my rewards?
Rewards can be withdrawn 5 days after the initial stake. Rewards are calculated every fifth day based on the total amount of MBXL staked by the player.
What's the Annual Percentage Rate (APR)?
The annual percentage rate is determined based on the share ratio and length of time staked. It can reach as high as 100%.
How much is the withdrawal penalty?
MBXL Staking has a withdrawal penalty depending on the amount of time the MBXL was staked for. The withdrawal penalty only applies for short-term staking and doesn't apply to users who have staked for more than 28 days.
Less than 5 days: 8% of withdrawal request amount.
5 to 13 days: 4% of withdrawal request amount.
14 to 27 days: 2% of withdrawal request amount.
28 to 41 days: 1% of withdrawal request amount.
42 days or more: No penalty.
*50% of the withdrawal penalty is used for operating expenses, and 50% is burned.
How much is the staking fee?
The staking fee depends on the amount of MBXL staked.
Between 1 and 499 MBXL: 1.20% of the staked amount.
Betwen 500 and 24,999 MBXL: 0.80% of the staked amount.
25,000 MBXL or more: 0.50% of staked amount.
50% of the fee is used for operating expenses, and 50% is burned.
I want to withdraw my MBXL Staking.
You can request withdrawal at any time, and your token(s) will be returned immediately upon withdrawal. However, a withdrawal penalty may occur depending on when in the MBXL Staking period the withdrawal occurs. Any withdrawal penalty is deducted from the principal.
There is a separate withdrawal period policy for rewards.
How many additional times can MBXL be Staked?
MBXL Staking is available up to 10 time per wallet address. Therefore, you can stake up to 9 additional times after your initial stake.
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