Policy
Last updated
Last updated
Staking Schedule
Staking and withdrawal are possible at any time without time limits
Staking Min/Max Limits
Minimum staking amount: 1MBXL
Maximum staking amount: 200,000MBXL
Additional Staking
Additional staking is possible at any time, and 'staking period, quantity, and expected annual return' are separately marked on each staking case list. Staking can be performed up to 10 times per wallet address.
Staking Fee
Depending on the amount staked, different staking fees are applied. The more MBXL staked per case, the lower the fee. The staking fee is calculated separately at the time of staking, added to the staking quantity, and deducted from the user's wallet. The fee rate according to the quantity is as follows.
e.g.) When staking 100MBXL,
Fee: 1.2MBX
Actual staking quantity: 100MBXL
Withdrawal quantity from the wallet: 101.2MBXL
Use of Staking Fee
50% to be burned, 50% Ecosystem maintenance
*The policy is subject to change depending on market conditions and the business direction of the project team, and any changes will be notified prior to application.
Withdrawal Timing
Withdrawal is possible at any time after staking, and returns are processed immediately upon request for the withdrawal. However, depending on the staking period, a withdrawal penalty may occur.
Penalty according to the duration
There is no mandatory fee for withdrawal, but penalties may apply depending on the staking period. Penalties are reduced or waived the longer the period from the staking date.
The penalty is calculated and deducted separately during the withdrawal, and a user receives an amount equal to the requested withdrawal amount minus the penalty amount. (Withdrawal amount - Penalty = Received amount)
*Depending on MBX market price fluctuations, the period, section, fees, and penalties may change after prior notice.
Use of Penalty
50% to be burned, 50% Ecosystem maintenace
*This policy is subject to change depending on market conditions and the business direction of the project team, and any changes will be notified prior to application.
Financial Resources and Reward Token
Financial Resources: 4,000,000MBXL of Community Funds The remaining portion not burned in the process is to be carried over to the next year.
Paid Token: MBXL
Distribution / Paid Point
The Distribution of Rewards is distributed per block generated, and the payments of distributed rewards are received every five days (D+5, D+10, D+15, ...) through claims. The base point is the time of the initial staking and will be reset if all staked quantities are withdrawn.
APR
MBXL Staking rewards are calculated according to the share and the maximum APR is 1,000%. Until APR reaches 1,000%, the natural interest rate is applied. The Maximum APR applies the concept of Whale Cap. (see below)
Whale Cap
Whale Cap is a system that limits the maximum APR to prevent the monopolization of compensation to the few who participated in the staking with a large amount of MBXL at the initial stage of the service opening. If the amount of staking with Whale Cap is more than the amount of staking, the APR will then be reduced in proportion to the equity ratio. Whale Cap ensures that the APR of the MBXL staking remains stable and rewards the stakeholders of all periods as fairly as possible.
Additional Rewards are given to users who participate in MBXL staking for the long term. Rewards are paid differently depending on the staking period, and the receipt of compensation is subject to the PENDING period.
Financial Resources and Reward Token
Financial Resources: 1,000,000MBXL of the Community Funds (The remaining portion not burned in the process is to be carried over to next year)
Paid Token: MBXL
APR
Additional Compensation Reward Payments are calculated based on the retention period of the corresponding staking at the withdrawal time and the amount of withdrawal application. Long-term staking can bring more rewards without withdrawal penalties.
e.g.) If 100MBXL is staked for 100 days and a withdrawal request is made on January 1st,
Withdraw 100MBXL Receipt Date: January 1st (Immediately)
Additional Compensation for long-term staking: 1MBXL
Available date of receipt of long-term staking Additional Compensation '1MBXL' : January 6th (January 1st, +5 Days)
Calculation Criteria: Calculated by multiplying the withdrawal quantity based on a percentage of each section divided by the number of days of deposit
Application method: The user selects the quantity at the corresponding time and withdraws the amount.
e.g.)
{yy-mm-dd} {hh:mm:dd}, {Staking Volume} MBXL, {Shareholding Ratio}%, {APR}%, {Withdrawal Request amount} [Withdrawal Button]
{yy-mm-dd} {hh:mm:dd}, {Staking Volume} MBXL, {Shareholding Ratio}%, {APR}%, {Withdrawal Request amount} [Withdrawal Button]
Reward Payment Issuance
The staking quantities that satisfied the long-term staking condition are eligible to receive Reward Payment* by clicking the 'Claim Button' after 5 days of Withdrawal Request. *Not automatically paid.
In case of withdrawing the partial amount of the staking quantities that meet the additional reward criteria for long-term staking, additional withdrawals of remaining quantities during the 5-day PENDING period are not allowed.
