To celebrate GoldenRatio Token GRT listed on CoinMarketCap. Resfinex Exchange will distribute 1000 RES tokens to reward GRT 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 & GRT.
The GoldenRatio Token (GRT) project is an experiment. They want to prove the importance of a quality community for a crypto related project.
The staking rewards will be distributed as details below:
Cross GRT-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 GRT balance.
RES token distribution for GRT holders will be calculated as follows:
- RES token rewards for each user = Total RES rewards provided by Resfinex * User GRT holdings ratio.
- User GRT holdings ratio = User GRT holdings / Total GRT staked at Resfinex Exchange.
- Users must hold at least 1 GRT 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 GRT, check out their website.
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