Staking – LQR Pool on BKEX Global

Staking lock-up mining will open the LQR mining pool at 20:00 (UTC+8) on November 29, 2021. The specific details are as follows:

Pool name
LQR mining pool
Single minimum lock-up amount
4,000
Maximum lock-up amount for a single transaction
400,000
Estimated annualized income
24%
Unlock period (days)
30

Staking lock-up mining refers to the behavior of depositing tokens in a specific cryptocurrency wallet to support the operation of the blockchain network. Under the Proof of Stake (PoS) mechanism, the pledge will be rewarded with tokens. Users can obtain benefits by locking digital assets for a certain period of time. During the lock-up period, cash withdrawals and transactions are not supported (locked assets can be unlocked at any time). It is suitable for users who hold coins for a long time and has higher returns.

Go to BKEX Official Website

Locking rules:

If the user locks the position before 20 o’clock on the T day, it will be confirmed on the same day, the interest will be calculated on the T+1 day, and the income will be released on the T+2 day.

If the user locks the position after 20 o’clock on the T day, it will be confirmed on the T+1 day, the interest will be calculated on the T+2 day, and the income will be released on the T+3 day.

Lock-up period: Flexible unlocking, users can unlock locked-up assets at any time.

Open BKEX’s Account

Unlocking and redeeming rules:

Orders that enter the unlocking cycle will no longer generate revenue.

The user submits an unlock order on T day, which will be confirmed and processed on T+1 day, and will be credited to the account after the unlock period expires.

For example: User A applies to unlock LQR on January 1, 2021. The LQR unlock cycle is 30 days.

The system will confirm and process the unlock order on January 2, and the unlock LQR of User A will be in February 2021. Arrived on the 2nd.

Go to BKEX Official Website

Rules of earning distribution

Staking lock-up mining revenue is issued every day from 16:00 to 18:00 (UTC+8).

The user’s staking lock-up mining revenue of the day = the actual staking lock-up mining revenue of the day / the total staking lock-up amount of the day * the user’s staking lock-up number on the day.

Staking lock-up mining income is a currency-based income. Different mining pools have different unlocking cycles. During the unlocking cycle, the loss caused by the fall of the currency price needs to be borne by the user. In addition, due to possible changes in mining pools and revenue distribution rules, Staking lock-up mining yields may fluctuate and are not static.

Both APP and Web have supported Staking lock-up mining function.

Open BKEX’s Account