To celebrate Bitcoin Store of Value BSOV listed on CoinMarketCap & 1 year anniversary . Resfinex Exchange will distribute 1000 RES tokens to reward BSOV holders at Resfinex Exchange, the main purpose of this staking program to let the people know the benefits of staking as well as doing research about our Resfinex token RES & BSOV.
BitcoinSOV (BSOV) is a 100% community-driven cryptocurrency, and does not rely on centralized decision makers or traditional power structures to survive. This deflationary grassroots movement is built from the bottom-up, and is fully reliant on people like you to build it. We use non-violent methods of action — we fight for financial independence, and freedom from inflation.
The staking rewards will be distributed as details below:
Cross BSOV-RES Staking Program
- Starting from June 27th, 2020 at 00:00 AM UTC to July 27th, 2020 at 00:00 AM, Resfinex will begin taking hourly snapshots of user BSOV balance.
RES token distribution for BSOV holders will be calculated as follows:
- RES token rewards for each user = Total RES rewards provided by Resfinex * User BSOV holdings ratio.
- User BSOV holdings ratio = User BSOV holdings / Total BSOV staked at Resfinex Exchange.
- Users must hold at least 1 BSOV in order to qualify for staking rewards.
The initial distribution of RES rewards will be calculated up until July 27th, with the total amount distributed equal to the staking rewards accrued on holdings during 30 days period. RES rewards are calculated hourly and distributed hourly.
To learn more about BSOV, check out their website.
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