Guide to Oxbull Staking
In Oxbull, staking is a method for users to qualify for IDOs or Private Sale whilst providing additional returns.
TL;DR
The staking feature currently provides an APR of 10%.
To qualify for Oxbull IDOs, the qualifying amounts of OXB to be staked shall be as per the tiering table below:
How to Stake OXB?
- Visit https://oxbull.tech/app/stake.
- Under the “Token Staking Route”, users will be able to select the Tier they would like to commit to and stake:
3. Enter the amount of OXB to stake and click “Stake”.
4. Approve the necessary transactions via wallet and congratulations! The staking is now in effect.
5. Under the “your groups” section, successful staked users are now eligible to join the dedicated Private Group in accordance to their staked tiers.
IMPORTANT Note: Users can now get as many tiers as required in just ONE single wallet.
For example, if a user staked double the required amount for Tier-1, they will essentially qualify for 2x Tier-1 , which means that the specific user will have double allocation during IDO/ Private Sale contribution.
Another example, if a user qualifies for a Tier-1 and Tier-2, the user will have access to both Tier-1 and Tier-2 contribution pool.
In the event where users decides to unstake:
- Their IDO qualification will be forfeited, and
- a 30 day time lock will be initiated and tokens will only be available to withdraw after 30 days have elapsed.
- Should the user decides to proceed with an emergency withdrawal (without timelock), the user will incur a penalty of 30% of the total staked amount.
Joining the Private Sale: Tier-2 and Tier-3 holders
To join Oxbull Private Sale, which was originally an exclusive opportunity for Tier-1 investors, Tier-2 and 3 user have to stake required OXB for 365 days to activate Private Sale Pass.
- To get Private Sale Pass, click “Activate” to select the Tier user would like to acquire.
2. Click ‘Get Tier 2/ 3 Private Sale Pass Now’.
3. After confirming transaction, the Private Sale Pass will be activated.
And you are all set for upcoming Private Sale! Read more about Private Sale Pass here.
IMPORTANT Note: For users whose wallet consists of Tier-1, Tier-2 or Tier-3,
the user will need to transfer the Tier-2 or 3’s portion to another wallet should they intent to activate a separate Private Sale Pass.
Welcome to join OxGang! You’re now enjoying 10% APR and eligible for Oxbull future IDOs/ Private Sale!
Stay updated with IDO details by following the Oxbull Official Twitter. We’ll announce the IDO specifics, including date and time, a few days in advance. Comprehensive project details, including the IDO date, contribution timings, and the contribution link, will be available via the Oxbull Medium page and the Oxbull Calendar.
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