Dear BitMart Users,
We are pleased to announce that EliteSwap (ELT) staking will be available on BitMart Staking starting from April 1, 2021. Through BitMart, every user can stake ELT and earn up to 50%(APY) ELT rewards.
I. How to Participate
- ELT Staking is available to BitMart registered users only.
- Deposit at least 100,000 ELT into your BitMart ELT wallet.
- The estimated annual yield of up to 50%.
- ELT Staking will available on BitMart Staking on April 1, 2021.
II. Staking Rewards Calculation
Starting from 2021/04/01, BitMart will begin taking live snapshots of user ELT balances.
ELT Staking distribution will be calculated as follows:
ELT generated by each user = Total ELT staking rewards received by BitMart * User ELT holdings ratio.
User ELT holdings ratio = Average user ELT holdings / Average total ELT staked by BitMart.
III. Staking Rewards Distribution
The initial distribution of ELT staking rewards will be calculated each month, the first session is from 2021/04/01 to 2021/04/30, with the total amount distributed equally to the staking rewards accrued during the period.
ELT rewards are calculated daily and distributed monthly. Distributions will be completed before the 9th of each month.
Move your coins to BitMart from anywhere and enjoy hassle-free staking rewards.
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 25, 2021