BitMart Will Support TasteNFT (TASTE) Staking

Dear BitMart Users,

We are pleased to announce that TasteNFT (TASTE) staking will be available on BitMart Staking starting from September 1, 2021. Through BitMart, every user can stake TASTE and earn up to 95%(APY) TASTE rewards.

I. How to Participate

• TASTE Staking is available to BitMart registered users only. 
• Deposit at least 10,000,000 TASTE into your BitMart TASTE wallet. 
• The estimated annual yield of up to 95%.
• TASTE Staking will available on BitMart Staking on September 1, 2021.

Deposit TASTE | Buy TASTE

II. Staking Rewards Calculation

Starting from 2021/09/01, BitMart will begin taking live snapshots of user TASTE balances.

TASTE Staking distribution will be calculated as follows:
TASTE generated by each user = Total TASTE staking rewards received by BitMart * User TASTE holdings ratio.

User TASTE holdings ratio = Average user TASTE holdings / Average total TASTE staked by BitMart.

III. Staking Rewards Distribution

The initial distribution of TASTE staking rewards will be calculated each month, the first session is from 2021/09/01 to 2021/11/30, with the total amount distributed equally to the staking rewards accrued during the period.

TASTE rewards are calculated daily and distributed monthly. Distributions will be completed before the 9th of each month.