Dear VOX community,
today we are proud to share the newest development in the Vox Finance ecosystem. Starting at this moment, deposits for the new Binance Smart Chain-based VOXb staking pool are open!
This staking pool includes a lot of the improvements our community has been asking for since the launch of our product and we’re happy to discuss some of the unique features of this staking pool below.
If you are interested to join it, please browse to https://bsc.vox.finance/pools and become part of a truly unique deflationary yield-farming project on both Ethereum & Binance Smart Chain!
Unique features of the staking pool
The staking pool has a few unique characteristics assigned to it. Here is an overview of them:
- There is a 0.25 % withdrawal fee.
- There is a minimum locking period of 2 weeks and a maximum locking period of 52 weeks with attractive multipliers for a longer staking period.
- Rewards can now be (re)staked to immediately compound your tokens. This action will not extend your locking period.
- The staking pool will allow you to join exclusive private staking pools launching very soon.
Most importantly, holders of the token will be rewarded more for being long-term supporters than short-term investors. The staking pool converts deposits from users into so-called shares. Take a look at the example below:
A. User deposits 100 VOX with a 2 week locking period. His deposit will be worth 100 shares, which means that he will receive a percentage of the pool rewards in accordance with the total amount of shares in the pool.
User multiplier = (lock period - 2 weeks) * 5 %
User shares = amount * user multiplier
Reward share = user shares / total shares * reward allocation
B. User deposits 100 VOX with a 52 week locking period. His deposit will be worth 250 VOX with a 250 % multiplier. By choosing to lock for a longer period, the user has received 150 more shares than with the minimum period.
Additionally, a 0.25 % withdrawal fee is set on all withdrawals from the staking pool. These tokens are deposited into the project treasury.
You are now able to (re)stake your VOXb rewards from all of the pools and immediately generate additional profits!
Private staking pools
To continue with the tradition of providing our loyal supporters with additional forms of income, private staking pools will be set up in the near future which participants of the staking pool will be able to join!
We will be giving away tokens from other projects, big cap tokens and even more surprises! The only entry requirement is that you are staking at least some VOXb tokens in the staking pool. Unlike our Ethereum platform, no additional tokens are created when entering the staking pool, which should make the entire process much more smooth and easier for our users.
About Vox Finance
“Vox Finance is a decentralized finance (DeFi) project developed by an independent team of developers, seeking to bring an innovative approach to the new emerging market by providing high-quality and profitable services while relying on the voice of the people to bring in community engagement to the underlying protocol.”