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What is the "Stake to List (STL) Program"?
STL is a new initiative by BitMart, enabling users to stake BMX (BitMart's ecosystem token) to support their preferred projects and earn rewards. This program offers BMX holders a way to influence which projects are listed on BitMart, while enjoying benefits like shared trading fees. STL aims to create a community-sharing platform that empowers all users to share ownership, decision-making power, control, growth opportunities, and responsibilities within the BitMart community.
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How can users benefit from the STL program?
Eligible projects can be showcased on the BMX Stake to List event page. If a project meets a certain amount of BMX staking within 7 days (specific amounts will be adjusted based on BMX market price), it will be listed in BitMart's "Innovation Zone." Staking users can earn BMX staking rewards, and BitMart additionally promises to share the trading fees of the BMX trading pairs with BMX stakers, providing strong motivation for the community to support quality projects.
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When can users deposit or withdraw BMX, and how is the income calculated?
- During the event period: Users can stake and redeem BMX at any time.
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- At the end of the event, the system will determine if the staking amount meets the minimum requirement:
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If the staking amount does not meet the requirement: All staked BMX will be automatically returned to users' spot accounts, and no staking rewards will be generated.
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If the staking amount meets the requirement, it will enter a BMX lock-up period of 90 days. During the lock-up period, BMX will be invested in the platform's locked staking products and cannot be re-staked or redeemed. Users can receive two types of rewards:
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BMX locked staking rewards, with interest rates detailed in the here.
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Trading fee-sharing rewards: A daily snapshot of each user's staked BMX amount and the total BMX pool will be taken at 0:00 UTC+0. The calculation for trading fee rebates is as follows: User A's fee rebate = Net spot trading fees of the trading pair * (User A's BMX staked amount / Total BMX staked amount * 100%). Rebates are automatically distributed to the user's spot account at 0:00 UTC+0 on a T+1 daily basis until the BMX trading pair is delisted.
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After the lock-up period ends, users can redeem BMX. If users choose not to redeem, they can receive two types of rewards:
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BMX flexible savings rewards, with interest rates detailed in the here.
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Trading fee-sharing rewards: A daily snapshot of each user's staked BMX amount and the total BMX pool will be taken at 0:00 UTC+0. The calculation for trading fee rebates is as follows: User A's fee rebate = Net spot trading fees of the trading pair * (User A's BMX staked amount / Total BMX staked amount * 100%). Rebates are automatically distributed to the user's spot account at 0:00 UTC+0 on a T+1 daily basis until the BMX trading pair is delisted.
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- At the end of the event, the system will determine if the staking amount meets the minimum requirement:
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Under what circumstances will a trading pair be delisted?
If the project’s staking amount falls below the minimum requirement, the delisting process will be initiated. Additionally, if the token liquidity does not meet the minimum requirement or violates BitMart's user guidelines, the project may also be delisted.
*BitMart reserves the right of final interpretation of the above content.
Disclaimer:
Use of BitMart services is entirely at your own risk. All crypto investments, including earnings, is highly speculative in nature and involves substantial risk of loss. Past, hypothetical, or simulated performance is not necessarily indicative of future results. There is no guarantee that your use of Savings products will result in profits or that they will not result in a full loss or losses.
The value of digital currencies can go up or down and there can be a substantial risk in buying, selling, holding, or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial circumstances, and risk tolerance. BitMart does not provide any investment, legal or tax advice.
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