General Staking Pool Launch Details
The time is upon us! The launch of our General Staking Pool is nearly at hand. Here are the details you need to know:
Launch Time: 3:00am UTC October 6, 2021.
The launch time is set for 3:00am UTC. Depending on the time to confirm the deployment transaction it may take longer.
Smart Contract Address: 0x23Dcf6976cdD444572a401d3Cf10D9690aC9165C
We will be updating this post with that address after we launch it.
Where to stake: ido.cl/stakingui
After the Staking Pool launches, we will be updating this UI and you will be able to use it to (a) approve your $IDO for staking and (b) stake your $IDO in the pool.
$USDT Staking Rewards:
The $USDT staking rewards are variable based on how much fees are generated by the general activities of the project (i.e. SDK and CDK), of which 80% of the fees generated flow into the pool. In future, when Directional activities are added, the majority of those fees will flow into Directional Staking pools with some amount still flowing into the General Pool.
As those fees are added as rewards, they are split out as follows:
- 25% of all fees for the pool created during the year go to Stakes that remained staked for the entire year.
- 50% of all fees created for the pool during any calendar quarter (e.g. October 1 – December 31, 2021) go to Stakes that remained staked for the entire quarter (or in the case of Q4 2021 from the date of pool launch until December 31, 2021).
- 25% of all fees generated during any calendar month (e.g. October 1 – 31, 2021) go to Stakers who remained staked for the entire month (or in the case of October 2021, from the date of pool launch until October 31, 2021)
$IDO Staking Rewards (Guaranteed APY):
In addition to the regular $USDT rewards, we are also offering the following guaranteed APY rewards for the first 5,000,000 $IDO tokens staked in either the General Staking pool or upcoming Directional Staking pools.
- 25% guaranteed APY if staked for 6 months from initial stake date.
- 32.5% guaranteed APY if staked for 9 months from initial stake date.
- 40% guaranteed APY if staked for 12 months from initial stake date.
These $IDO rewards will be distributed at each of the milestones, i.e. at 6 months the 6-month reward will be distributed, at 9 months the difference between 9-month reward and 6-month reward will be distributed, and at 12 months the difference between 12-month reward and 9-month reward will be distributed.
Qualifying for the Year 1 Annual $USDT reward:
To qualify for the Year 1 Annual $USDT reward (i.e. October 5, 2021 to September 30, 2022) you must stake within the first 24 hours after the General Staking Pool launch.
1) Visit http://ido.cl/stakingui
2) Connect an Ethereum wallet where you own $IDO token. If you don’t have any $IDO yet, you can find it on Uniswap.
3) Enter the desired stake amount
4) You will need to Approve an amount to stake. Approve the transaction and wait for confirmation.
5) Assuming you have an approved amount, enter that amount to stake, click stake IDO, approve the transaction and wait for confirmation
Ask our community manager at t.me/idexo_io
Tweets us at twitter.com/idexo_io