CITEX PoS Staking Reward Agreement
Party B hereby entrusts Party A for PoS stake and to enjoy PoS staking reward service. Party A and Party B conclude the agreement in an equality and mutual benefit, friendly cooperation manner, and solemnly declare they will abide by:
Unless otherwise interpreted in context, the following words have the following meanings:
1.1 The agreement: Refer to any clause, details and information in the CITEX PoS Staking Reward Agreement and all appendixes.
1.2 Party A refers to CITEX platform: A world-pioneering trading platform for digital assets with purpose of exploiting high-quality assets and circulation creating value.
1.3 Party B refers to registered user (pledgor) of “CITEX platform”, Party B entrusts CITEX platform to provide staking reward service.
1.4 Expected ROI: Refer to the highest ROI expected to be realized according to income level statistics of previous periods.
II. PoS Staking RewardRules
2.1 PoS stake income will be counted on the second day after stake.
2.2 Effective stake: The assets in the project participated by Party B and able to have income are effective stake (assets). According to PoS stake of every project, Party A will design the product with different stake number, but effective stake does not cover the assets under redemption.
2.3 Period of stake: Period of stake refers to the time of locking up required for obtaining income. According to PoS stake of every project, Party A will design the product with different period of stake. Due to specificity of PoS staking reward, the minimum period is 7 days. Refer to project details for specific period of stake.
2.4 Redemption: After period of stake expires, Party A will automatically redeem assets of Party B staked to Party B’s account along with rewards income. Due to specificity of PoS stake, early redemption operation is not supported at present.
2.5 Calculation of rewards and income:
For specific income, different income will be given according to every different project and Party B shall carefully check expected ROI of project. Approximate formula is as follows:
Income per period = Expected annual ROI of each period * valid staking assets /365* the number of staking days
- Professional maintenancepersonnel of Party A check operation of PoS staked product once every 24 hours to try their best to guarantee normal operation.
- Different uncontrollable factors such as PoS stake delay of project side may impact your income. Your actual income shall be subject to actualamount received of every period.
- Fees: Party A will charge 10% of party B’s income as management fee; The expected annual ROI has been deducted by 10% management fee.
III. Rights and Obligations of Party A
3.1 Party A shall provide Party B with PoS staking reward service according to laws and principal of integrity, volunteering and equality, and shall safeguard legal rights and interests of Party B.
3.2 When Party A provides Party B with aforesaid service, Party B must provide necessary assistance (including but not limited to signing relevant power of attorney).
3.3 Party A is entitled to report or send information related to locked assets of Party B to relevant departments, industry associations or relevant database according to requirements of government, industry associations and relevant departments.
3.4 Party A must be confidential about information, assets and other matters related to service of Party B according to laws.
IV. Rights and Obligations of Party B
4.1 After period of stake expires, Party B is entitled to reclaim original assets and rewards income from Party A.
4.2 Party B can get rewards income from effective staked assets only.
4.3 Party B is deemed to voluntarily accept the contents agreed in all clauses in the agreement from the date of agreeing the agreement.
4.4 Party B promises that all information provided to Party A is true, accurate and complete.
4.5 Party B guarantees the legitimate sources of own assets for staked assets. If any dispute with the third party due to ownership and legitimacy of assets, Party B shall take responsibility for solving; Party B shall take responsibility for any economic loss caused to Party A.
4.6 Party B confirms and agrees that written documents and electronic information related to the agreement provided by Party A are an integral part of the agreement.
V. Application of Law and Jurisdiction
5.1 Applicable laws. All matters of the agreement, including but not limited to the effect, interpretation, implementation and dispute resolution, are under jurisdiction of relevant laws in registered place of Party A. If any clause in the agreement is inconsistent with the mandatory norms, it shall be interpreted and implemented within the highest limit not prohibited by the mandatory norms, and the agreement inconsistent with the mandatory norms shall not impact the force of other clauses in the agreement.
5.2 Dispute jurisdiction. Both parties reach consensus that if any dispute, no matter size of amount in dispute, it shall be submitted to local arbitration committee of Party A. Arbitral decision is final decision and is binding on both parties.
5.3 During arbitration, clauses not involved in dispute in the agreement must be implemented. Both parties are not allowed to refuse to implement any obligation under the agreement with excuse of resolving dispute.
VI. Other Matters
6.1 Party A and Party B shall sign the agreement and relevant documents by including but not limited to handwritten signature or seal, clicking, checking, electronic signature, data message and other means, Party A and Party B shall not deny legal force of the agreement with excuse of different signing means.
6.2 The agreement is established and comes into effect upon signature of both parties or agreement of Party B and expires when Party A and Party B fulfill all obligations specified in agreement. Party B entrusts Party A to keep all written documents or electronic information relevant to the agreement.