Dear BitMart Users,
We are pleased to announce that Megatech (MGT) Staking will be available on BitMart Staking starting from September 1st, 2021. Through BitMart, every user can stake MGT and earn up to 30% rewards on a monthly basis.
I. How to Participate
- MGT Staking is available to BitMart registered users only. (Register Now)
- Deposit at least 20,000 MGT into your BitMart MGT wallet.
- Hold your MGT for at least one month to get your first reward.
- Estimated annual yield of up to 30%.
II. Staking Rewards Calculation
MGT staking distribution is calculated as follows:
- MGT generated by each user = Total MGT staking rewards received by BitMart * User's MGT holdings ratio.
- User's MGT holdings ratio = User's MGT holdings / Total MGT staked by BitMart.
III. Staking Rewards Distribution
MGT rewards are calculated daily and distributed monthly. Distributions will be completed before the 9th of each month.
For example, if User A stakes at least 10,000 MGT on June 1, 2021, he/she can expect the first monthly staking rewards to be calculated based on the average daily holdings from June 1, 2021 to June 31, 2021, and distributed no later than July 9, 2021.
There will be a new round of the staking rewards calculation on the 1st day of each month.
IV. About Megatech (MGT)
Megatech is trying to answer the critical demand for electricity in South Africa. MGT Solar (PTY) Ltd, an Alternate Energy Supply Company, is building eight 10mwa Solar Energy Plants in South Africa. Each MGT Token is backed by MGT Solar PTY Ltd and the eight solar plants in development. The first two plants will be built in 2022.
- Token Name: Megatech
- Token Symbol: MGT
- Total Supply: 5,000,000,000 MGT
- Circulating Supply: 3,200,000,000 MGT
- Token Type: Apollo Blockchain
- Official Website: https://mgtsolar.com
- Explorer: https://explorer.apollowallet.org/transactions/currency/MGT
- Whitepaper: https://drive.google.com/file/d/17cBugqv9fTWLh01NHqivDkU9eCtHokCY/view?usp=sharing
- Twitter: https://twitter.com/MgtToken
- Telegram: https://t.me/officialmgt
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!
Aug 29, 2021