What is Staking? A Definition and More.
Locking tokens to support the utility of protocol or network and be rewarded for it over time. Some of the earliest staking contracts were related to Layer 1 networks (i.e. blockchain networks that form the basis for transactions and other functions such as smart contracts). Networks that use a Proof of Stake consensus type (instead of [...]
How to move your IGSP NFT from Ethereum to Fantom
The Idexo General Staking Pool (IGSP) has now moved to Fantom blockchain. This means much cheaper gas fees for claiming rewards and much quicker transactions. For new Stakers it also means much cheaper gas fees and quicker transactions for the initial Stake transaction as well. Here’s how you move your existing IGSP NFT [...]
Introducing Idexo Early Staker Rewards
At Idexo we are always thinking about how best to reward Early Adopters and this applies very much to Stakers. What we realized is that the first year annual reward for people who staked in time didn’t give these earliest stakers any special benefit in subsequent years. Also, those that stake early and miss the annual [...]
Evaluating Estimated APY After November USDT Staking Claims Release
Today we release reward claims for November 2021. All claims will be processed and available by December 1. Here are the are highlights and updated estimated APY calculations: $28,000 USDT was added to the pool in November, an increase of 40% over October. Average eligible stake for November is 19,706. Average claim was $112.50 with an [...]
Introducing the idexo Liquidity Mining Farm Program for Pancakeswap
Recently idexo completed both its Bridge to BSC with Wrapped Idexo Token and a move to Pancakeswap. Members of our community have been asking when will release a Farm program for Liquidity Providers to stake their LP tokens from Pancakeswap and earn rewards. With this post, we are announcing that program and how it will rollout. How to [...]
Process of Moving to New IGSP and Important Changes
Hey Idexonauts! The time is upon us. After unanimously voting to make the move early to a new IGSP, we will be starting the process this week. There are the following changes to note coming in the new IGSP: Change in fees share percentage: With broader external markets being what they are, it’s important for the project to reach [...]
How The MultiChain Gang NFT Launch Mints Work And How To Get One
[Updated: July 13, 2022] On Wednesday, June 29, 2022 launched the first free MultiChain Gang NFT Collection mint on Ethereum. Thereafter we will be holding similar mints on other chains, until 25 total chains have been reached. The cap on each chain is 400, meaning the total collection (including upgrades) across all chains is 10,000. [...]
Announcing Changes to IGSP for Year 2 and Vote To Make Changes Early
Having run the Idexo General Staking Pool for 8 months now there have been several points of friction with the current set-up that have become obvious: Missing deadlines annoys users: Plenty of users who come across the project later than a deadline would like to be able to stake for full rewards however miss out because they missed a [...]
Locked Stake Definition
A locked stake is a stake whereby the initial deposit that created the stake can’t be withdrawn until a future specified date and time (timestamp). In the case of idexo stakes, these continue to earn rewards during these periods and the rewards can be withdrawn during the locked stake period though not the underlying tokens staked.
Evaluating Estimated APY After Q1 2022 Staking Rewards Claim Release
Yesterday we released claims for March 2022 and Q1 2022 and as a result can update estimated APY in 2 categories: (1) for October Stakers and (2) for people who would be Staking newly at the time of this post. Here are some highlights: $32,000 USDC was added to the pool in March, an increase of 14% over the previous high month in [...]
Introducing the NFTme Mobile App and Directional Staking Pool
[Updated on August 4, 2022 regarding directional project staking phases] Idexo is in the process of development and release of a new NFTme mobile app that makes it super easy to turn your selfies into NFT Collections and NFTs and list them for sale on a marketplace. We expect to release an alpha version to early release participants in [...]
Join our Community Key Event on January 26th
We are finally releasing our Community Key NFT that will grant access to all the activities that we are preparing for you! We have tons of ideas and features coming in the idexo’s universe but you will be able to join them only if you own the Key of our Spaceship! Participating in this event is free and open to all the people that [...]
Evaluating Estimated APY after Q4 2021 IGSP Staking Claims Release
Last week we moved the Idexo General Staking Pool from Ethereum to Fantom (in the process changing the primary reward token from USDT to USDC due to higher USDC liquidity on Fantom) and released reward claims for December 2021 and Q4 2021. Here are the highlights and updated estimated APY calculations: $20,000 USDC was added to the pool [...]