1.Unstake to trade o transfer without l nstant nbonding
2.Trade while earning rewards by using staked assets as margin collateral
3.Maximized return through automat redelegation of rewards
Staked assets cannot be traded directly; however, they can be used as collateral for margin trading, thus allowing users to go long or short the asset to hedge positions while continuing to earn rewards. Users can also unstake their assets anytime to sell – there’s no unlocking period if unstaking via instant unbonding function.
In most cases, if you stake your digital assets on T day (UTC), staking rewards will soon start to accumulate on T+1 day and begin to be distributed on T+2 day. If you stop staking and undelegate between 0:00 to 24:00 on T+N day, your staking period is N-1 days and you will only receive staking rewards for the N-1 day period.
For projects like Tezos that only distribute rewards every 3 days (per cycle in Tezos network), staking rewards will start to accumulate on T+1 day but distributions will only start from T+4 day based upon project distribution cycle. And if you undelegate before a full distribution cycle completes, you will miss the rewards for that cycle, meaning that you will not receive the upcoming batch of reward scheduled on T+7 day, since you unstake prior to that.
10. Is there any minimum/maximum amount of digital assets to be delegated?
There’s a minimum amount of digital assets required for delegation and it varies from project to project, for example, for Cosmos it’s 1 ATOM, and for Tezos it’s 2 XTZ. However, there is no maximum amount of digital assets required for delegation.
11. Are there any additional fees associated with the service?
There are no additional fees for staking with BitMax. The estimated annualized reward posted on the Website is an estimate on the net staking rewards that users are expected to receive, though the actual rewards may vary slightly due to network condition changes for each project.
12. Is there any minimum staking time or lock-up period required for staking?
Unlike some other staking service providers, BitMax.io does not require minimum staking time, nor any pre-determined lock-up period for participation.
13. What is the difference between “ATOM” and “ATOM-S”?
An asset ticker ending with a “-S” represents a staked balance. Upon the completion of delegation, a synthetic version of the underlying asset will be created to represent the staked balance, for example, ATOM-S will be used to represent staked ATOM after delegation. Right now, ATOM-S cannot be directly traded, or be withdrawn.
14.Are users required to complete KYC verification in order to participate in Staking?