MBN staking program — how to get the maximum rate?
In the article we disclosure how to get the maximum rate from staking. For those who want to understand how staking works, below is a detailed incentivization plan for participants:
How to get the maximum rate?
To get the maximum staking rewards, you need to have MBN tokens on the balance and apply for the staking pools in the platform dashboard.
Starting from 1 January 2020 the limited “Early Adopters Pool” would be available for all staking users. All of the pools are soft-commitment so to participate you shall have tokens on your wallet without locking them.
The distribution for the programs can be seen below:
Early Adopters staking pool
All investors who currently staked their MBN tokens are members of the Early Adopters staking pool.
Early adopters pool has a minimum of 20% — 43% ARP for all 4 levels of staking program.
Level 1: 100,000 MBN = 20% annual
Level 2: 300,000 MBN = 20% annual + 10% from COF
Level 3: 1,000,000 MBN = 27% annual + 10% from COF
Level 4: 3,000,000 MBN =43% annual + 15% from COF
To receive staking rewards you apply the pool and have a 1-month long reward maturation period. Withdrawing tokens from the wallet will restart the reward maturation.
To participate in the Early adopters pool you need to stake at least 100,000 MBN, which corresponds to Level 1, until March 1, 2020, or until the maximum number of staking tokens allocated to this pool, which is 50,000,000 MBN, ends. At the moment, about 43,000,000 MBN is staked and less than 7,000,000 MBN remains.
The program can be applied only once and will last for a year. If the investor withdraws his tokens from the attached wallet, he loses his rewards from Early Adopters Pool, and the investors who continue to keep their tokens staked, are sharing remaining rewards. Thus, long-term investors are receiving the most income.
Important: In case the investor leaves the Early Adopter Pool or signing after the limit is reached, he will be joining the General Staking Pool.
General Staking Pool
General Staking Pool has a following reward rate:
Level 1: 100,000 MBN = 16% annual
Level 2: 300,000 MBN = 16% annual + 10% from COF
Level 3: 1,000,000 MBN = 22% annual + 10% from COF
Level 4: 3,000,000 MBN =36% annual + 15% from COF
To participate in the General Staking Pool you must buy at least 100,000 MBN, which corresponds to Level 1.
To receive staking rewards you apply the pool and have a 1-month long reward maturation period. Withdrawing tokens from the wallet will restart the reward maturation.
Staking payouts occur every week on Monday. Snapshots of balance occur every Monday at 00:00 UTC. If the investor reduced his stake amount during the current week and the snapshot of the balance showed a decrease, then the investor loses his weekly reward. If the investor has not changed his stake amount or increased it, then the investor receives a reward.
