Stake Platform Launch. 1- Bytedex stake platform will be launched on Monday, May 29, 2023, at 10:00.
02 Jun 2023, 20:02
✅Stake Platform Launch✅
1- Bytedex stake platform will be launched on Monday, May 29, 2023, at 10:00. After this time, our users will be able to continue their stake transactions as usual. Stake platform is accessible on Bytepad.io => Staking page.
2- The process of automatically transferring unstaked balances to exchange wallets is currently underway on the stake platform. Until the next update, unstaked balances can be transferred to accounts within 24 hours after the unstake transaction.
3- Our users will be able to transfer their existing stakes to longer-term stake segments without any penalties or deductions until 00:00 on June 5, 2023. Transactions made after this date will be considered final.
✳️ New Stake Rules:
1- For stakes that have completed one year and are over one year old, 10% of the total reward amount can be withdrawn every three months. After these rewards are withdrawn, if an unstake is made before the designated time, the distributed rewards will be deducted from the main balance and will be credited to their accounts after the cooldown period.
2- A cooldown period of 15 days will be applied for unstake transactions made later June 5, 2023.
3- For unstake transactions made later the June 5, 2023, stake transactions, a penalty of 10% of the main balance will be deducted if the stake period not completed. Rewards given until that date will be deleted.
4- After June 5, 2023, on the new stake platform, it will not be possible to make 1-week, 1-month, and 3-year stakes.