Choosing Staking Period
Users will have the ability to lock their Nexus Tokens and choose from 2 different reward pool periods: 15- days or 30-days. Users will receive additional PWR (Power) Coin rewards by locking their Nexus tokens for longer periods. An early unlocking penalty of 25% is applied if tokens are removed before the end of the period and collected coins are sent to the burn wallet. Rewards are distributed periodically to at random times based on reward accumulation and can be claimed at anytime without penalty.
Navigating Nexus Drip
In the near future, two additional drip options for on-chain projects will be available as rewards. These options will continuously change over time in order to help promote other projects listed on MaxxChain.
Frequently asked questions
What are the staking periods?
Holders can select from 15- and 30-day reward periods. An early unlocking penalty of 25% is applied if tokens are removed before the end of the period and collected coins are sent to the burn wallet.
Is there a difference in rewards if you lock for a longer period?
In terms of rewards, those who select the 30-day locking period will receive 25% greater rewards than those who select the 15-day locking period.
How often can I claim my rewards?
Users can claim those rewards at any time. Users will also have access to full details of their locked amounts, as well as their life-to-date rewards. Earned amounts will be auto claimed whenever tokens are unlocked.
What are the benefits to MaxxChain for locking Nexus Tokens?
As an added benefit for both holders and MaxxChain, locking rewards incur a 10% fee upon claiming, which is then split into two halves: one half is used to purchase and burn Nexus token, while the other half, received in PWR coin, is burned.
Can I add to my locked amount?
Users can add to their current lock at anytime, however, adding to the current locked amounts resets the lock period.
Will rewards be consistent?
As rewards are collected via taxes, they will be deposited into the pools periodically at random intervals. These rewards are then distributed among all users within the platform, taking into account their locked amount, the duration of the lock, and their proportional share of the rewards (if they’ve recently entered the pool). Once distributed, the unclaimed amount for each locked wallet will NOT decrease.
As a result, this platform does not provide a fixed APY figure, as it depends on Nexus’ trading volume – higher volume means more rewards.