Dear BitMart Users,
We are pleased to announce that Hideous.Finance (HIDEOUS) staking will be available on BitMart Staking starting from October 1, 2021. Through BitMart, every user can stake HIDEOUS and earn up to 100%(APY) HIDEOUS rewards.
I. How to Participate
- HIDEOUS Staking is available to BitMart registered users only.
- Deposit at least 500,000,000 HIDEOUS into your BitMart HIDEOUS wallet.
- The estimated annual yield of up to 100%.
- HIDEOUS Staking will available on BitMart Staking on October 1, 2021.
II. Staking Rewards Calculation
Starting from 2021/10/01, BitMart will begin taking live snapshots of user HIDEOUS balances.
HIDEOUS Staking distribution will be calculated as follows:
HIDEOUS generated by each user = Total HIDEOUS staking rewards received by BitMart * User HIDEOUS holdings ratio.
User HIDEOUS holdings ratio = Average user HIDEOUS holdings / Average total HIDEOUS staked by BitMart.
III. Staking Rewards Distribution
The initial distribution of HIDEOUS staking rewards will be calculated each month, the first session is from 2021/10/01 to 2021/10/30, with the total amount distributed equally to the staking rewards accrued during the period.
HIDEOUS 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!
September 29, 2021