“Crypto winter” is a time period that many use to explain the present, downturned state of the market. It’s only a coincidence that climate presently aligns with these circumstances in lots of international areas. It’s chilly on the market in additional methods than one. Whereas issues might certainly be higher (we bear in mind such occasions!) CEX.IO units itself aside in our unwavering optimism in all crypto environments, bull or bear.
So, as an alternative of going with the grain, we’ve determined to do the alternative and announce a Scorching Season of Crypto Staking. Aside from the catchy identify (which we’re notably happy with), this distinctive promotion serves to launch a extra subtle concentrate on our platform’s new staking mannequin.
What’s a Scorching Season of Crypto Staking?
As chances are you’ll know, CEX.IO is a complete on-line ecosystem of crypto providers that gives new and skilled customers alike with quite a few alternatives to work together with, and profit from, crypto. Staking is without doubt one of the out there providers on our platform, which lets you earn rewards merely by holding stakeable property in your account (no further motion required).
We name this staking mannequin Automated Staking, exactly as a result of proudly owning and holding stakeable property is the one enter required of you as a CEX.IO consumer. Your rewards are calculated every day and launched month-to-month, enabling you to grow to be the proud proprietor of one thing known as passive revenue.
Nonetheless, since we imagine that steady enhancements on our finish assist make your crypto journey extra navigable and pleasant, we’ve designed a brand new staking mannequin that went stay in mid-December.
The brand new staking mannequin options vital variations in comparison with our present Automated Staking answer. The largest change is that the brand new mannequin requires manually transferring the funds you want to stake to a separate sub-account. Nonetheless, this step ends in two advantages:
- Your funds staked in sub-accounts will generate every day rewards (as an alternative of receiving them month-to-month as earlier than).
- The brand new mannequin will function the next APY versus Automated Staking.
Observe that the funds in your sub-account will stay versatile, and that it is possible for you to to withdraw them to your account at any time. Consequently, our new staking mannequin makes our ecosystem extra clear, and extra rewarding.
How does the Scorching Season of Crypto Staking promo work?
Throughout February and March 2023, our platform will function elevated staking rewards for particular stakeable cryptocurrencies. In different phrases, as an alternative of your default staking rewards, every week we’ll provide greater APYs for a choose foreign money, beginning out of your switch day.
Right here’s an summary of what you possibly can anticipate:
| Week | Coin | Outdated Reward | New Reward |
| January 30 to February 5 | ADA | 2.6% | 10% |
| February 6 to February 12 | TRX | 3.5% | 10% |
| February 13 to February 19 | XTZ | 4% | 10% |
| February 20 to February 26 | SOL | 5% | 10% |
| February 27 to March 4 | ZIL | 11% | 20% |
| March 5 to March 11 | ATOM | 10% | 20% |
| March 12 to March 18 | MATIC | 8% | 20% |
| March 19 to March 25 | DOT | 10% | 20% |
Nonetheless, the rewards don’t finish with greater APYs. The primary 500 customers who be a part of this promo, and take part in CEX.IO staking for the primary time, may have a singular alternative to share in a $5,000 prize pool*. Why? As a result of on our platform, day-after-day is a vacation, and we take pleasure in warming up the winter with scorching crypto staking items!
*To take part within the prize pool, this should be your first time using our staking providers usually, not simply our new staking mannequin. To affix the promo, opt-in on the hyperlink beneath, and switch any stakeable crypto property to your Staking steadiness. Solely new funds transfers shall be eligible to earn elevated rewards.
The right way to take part within the Scorching Season of Crypto Staking promo
Taking part on this occasion is easy and requires simply the next steps:
- Go to the promo web page at http://cex.io/hot-winter
- Join an account, or log into your present one
- Click on on the Be part of the Promo button on the promo web page
- Switch crypto to your Staking steadiness
- Your elevated staking rewards shall be granted to you by April 30, 2023
- The prize pool of $5,000 for the primary 500 customers will even be distributed by April 30, 2023
Be part of CEX.IO to remain heat this winter. Have a good time the crypto holidays in our protected and safe ecosystem, whereas your property be just right for you — more durable than ever earlier than!
Disclaimer: Info offered by CEX.IO shouldn’t be meant to be, nor ought to or not it’s construed as monetary, tax or authorized recommendation. The danger of loss in buying and selling or holding digital property might be substantial. You must fastidiously think about whether or not interacting with, holding, or buying and selling digital property is appropriate for you in gentle of the chance concerned and your monetary situation. You must consider your stage of expertise and search impartial recommendation if essential concerning your particular circumstances. CEX.IO shouldn’t be engaged within the provide, sale, or buying and selling of securities. Please check with the Phrases of Use for extra particulars.
