How does ACXT staking work?
ACXT staking works simple. You stake ACXT with us, and every 4 weeks we will payout ACXT rewards to anyone who has staked ACXT anytime in the previous 4 weeks. The funds are derived from our token allocation for marketing and ecosystem.
How to stake?
We provide a very user-friendly interface to stake ACXT. Follow the steps below:
1. Access the trading portal on https://www.acdx.io/
2. Locate the arrow on the upper right corner, and then click ‘ACXT Staking’
3. Enter the amount of ACXT tokens you want to stake, and click ‘Stake ACXT Tokens’
How are staking rewards calculated?
Staked tokens are immediately considered for the next pay period. The ACXT staking rewards are distributed in a pro-rata manner. This implies that all payouts will be distributed every 4 weeks according to how many ACXT tokens (staked amount), how long (days staked) they were staked, and the annual percentage yield (APY).
Payout = Staked Amount * APY% * (Days staked / 365)
Payouts are in ACXT and are done every 4 weeks (midnight UTC time).
To ensure accuracy, ACDX will run the calculations every minute to confirm the staked amount and days staked. Staked ACXTs are automatically rolled over to the next period.
How to unstake?
You can submit the unstake request anytime by entering the unstaked amount and clicking ‘unstake ACXT tokens’. However, the request is not processed immediately. It will only be processed after the payouts every 4 weeks.