Introducing new staking levels: Level 3 and Level 4
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MBN staking program is characterized by simple mechanics of incentivization — there are 2 levels, and each level has its own collateral amount and rewards.
Today, up to 47% of the current circulation of MBN tokens is involved in the staking program — this is a great result for us and good merit of community engagement. In total, a little more than 10,000,000 MBN tokens were paid as a reward.
Based on community requests, we decided to adjust our mechanics and now we are happy to provide you more details about staking, conditions and incentivization plan:
- Level 3
- Level 4
- Staking Pools and Official Statuses
- Changes in Level 1 and Level 2 staking
- Timeline
Level 3
The reward for Level 3 is 2% per month or 27% per annum, subject to a lock of 1,000,000 MBN tokens on our platform.
The user receives a permanent PREMIUM status on MBN platform and all the privileges of this status: transferring/receiving assets under management worth up to $ 10,000, special trading orders functions and connection up to 5 API keys of different exchanges.
Level 3 is involved in the distribution of 10% of the profits from the results of COF — Community Operated Fund. Payout will processed in BTC, ETH or USDT.
Level 4
The reward for Level 4 is 3% per month or 43% per annum, subject to a lock of 3,000,000 MBN tokens on our platform.
The user receives a permanent PRO status on the platform. He has unlimited opportunities for transferring/receiving assets for management, an unlimited number of special orders and API keys of exchanges. The PRO user also receives a special distinctive icon in the interface, emphasizing the status.
Level 4 is involved in the distribution of 10% of the profits from the results of COF — Community Operated Fund. On top of that, an additional 5% of COF activities will be allocated to Level 4 users, which are distributed only among them. Payout will processed in BTC, ETH or USDT.
Staking Pools and Official Statuses
We are working on social mechanics to increase the interaction of the stakers with each other. To do this, we are going to give stakers a possibility to organize Staking Pools. Creators of Staking Pools will receive an additional reward in proportion to the number of tokens that they will bring to their pool. Staking Pools leaders can obtain the official “Ambassador” status of the project and hold events on behalf of the MBN in their region.
Staking Pools will be launched with the next update to the staking system and are scheduled for Q2 2020.
Changes in Level 1 and Level 2
To obtain Level 1 you must have at least 100,000 MBN tokens staked on our platform. Rewards for Level 1 are 1.5% per month or 20% per annum.
To get Level 2 the conditions do not change: 300,000 MBN tokens staked on our platform. Rewards for Level 2 are 1.5% per month or 20% per annum.
Level 2 users will stay involved in the distribution of 10% of the profits from the activities of COF — Community Operated Fund. Payout will processed in BTC, ETH or USDT.
Timeline
Level 3 and Level 4 will be available to users from December 9, 2019. Changes for Level 1 will also occur on December 9th.
Staking Pools will be launched with the next update to the staking system and are scheduled for Q2 2020.
