Dear CITEX users,
CITEX will launch “Mining-pool Project” with AXE and IMG as starters on 11:00 AM, September 19, 2019 (UTC+8). CITEX holds the “Staking Carnival” to celebrate the launch of Mining-pool Project:
1. Staking yields will multiple 2-5 times in the Mining-pool Project (AXE and IMG only)
Staking yields will multiply 2-5 times during the campaign day of September 20 to September 24, 2019 (UTC+8). Multiplication rates as follows:
Mining-pool Project Staking Yield Rates
- Multiplied yields generation and issuing date = T+1 (T= date of joining the Pool). Yields will be settled daily, on the day next to the previous interest generating day. If you want to enjoy the annual yield multiplication on September 20, please deposit and join the Mining-pool Project on September 19;
- Users who want to join “Mining-pool Project – Staking Carnival” should hold tokens no less than the minimum participation amount, i.e. 100 IMG or 100 AXE, to start the yield multiplication.
Eg. The Process of user A joining the Plan / generate yields / obtain yields:
- Assume that user A deposits and joinsthe Mining-pool Project on September 19. According to the T+1 yielding rule, September 20 would be the first yielding day for user A;
- Assume that user A holds 1200 CTT. According to the multiplication rates, A will obtain 5 times annual yield on September 20 (see above). If the annual yield rate is 20.13% on September 20, user A’s Stakingyield on September 20 would be calculated upon an annual yield rate of 156%（20.13%*5=100.65%）. Similarly, user A’s Staking yield rate on 21 - 24 September would be 80.52% (4 times), 60.39% (3 times), 60.39% (3 times) and 60.39% (3 times);
- According the rule of daily settlement, the 5-times-multiplied yield on September 20 will be delivered to user A’s account on September 21, other days and so on.
- “The mining-pool Project and Staking Carnival” products will be on the CITEX-APP: Miningpool Project page.
- The final interpretation of this product belongs to CITEX.
- Risk warning: Digital asset is an innovative product with high price fluctuations. Please rationally judge your risk-taking ability and make decisions with caution.
Thank you for supporting CITEX!
September 19, 2019