Dear BitMart Users,
We are pleased to announce that QuiverX (QRX) Staking will be available on BitMart Staking starting from March 1, 2020. Through BitMart, every user can stake QRX and earn up to 10% rewards on a monthly basis.
I. How to Participate
- QRX Staking is available to BitMart registered users only. (Register Now)
- Deposit at least 10 QRX into your BitMart QRX wallet.
- Hold your QRX for at least one month to get your first reward.
- Estimated annual yield of up to 10%.
>>> Join Staking Now
II. Staking Rewards Calculation
All BitMart users who hold QRX on their BitMart account will be eligible to earn additional QRX as staking rewards on a monthly basis.
QRX staking distribution is calculated as follows:
QRX generated by each user = Total QRX staking rewards received by BitMart * User's QRX holdings ratio.
User's QRX holdings ratio = User's QRX holdings / Total QRX staked by BitMart.
III. Staking Rewards Distribution
Staking rewards will be calculated on a daily basis according to the formula above and will be distributed to users who stake QRX on a monthly basis.
For example, if User A stakes at least 10 QRX on March 1, 2021, he/she can expect the first monthly staking rewards to be calculated based on the average daily holdings from March 1, 2020 to March 31, 2020, and distributed no later than April 9, 2020.
There will be a new round of the staking rewards calculation on the 1st of each month.
IV. About QuiverX (QRX)
The QuiverX team is applying Blockchain technology as a Crowdfunding strategy to hedge against inflation, using cryptocurrency to open access to traditionally inaccessible markets and offering high-value investment opportunities at a lower barrier of entry.
- Token Name: QuiverX
- Token Symbol: QRX
- Total Supply: 100,000,000 QRX
- Circulating Supply: 60,172,594 QRX
- Token Type: ERC-20
- Official Website: https://quiverx.io/
- Whitepaper: https://quiverx-images.s3.amazonaws.com/QuiverXWhitepaper.pdf
- Explorer/smart contract: 0x6e0dade58d2d89ebbe7afc384e3e4f15b70b14d8
- Twitter: https://twitter.com/quiverx5
- Telegram: https://t.me/QuiverXCapital
- Medium: https://quiverx.medium.com/
ATTENTION: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. BitMart will make its best effort to list only high-quality coins, but will not be responsible for your investment losses.
Thank you for supporting BitMart!
March 2, 2020