To anticipate with GoldenRatio Token GRT, The community & Resfinex Exxchange will launch 60 GRT staking program at Resfinex, the main purpose of this staking program to let the people know the benefits of staking as well as doing research about GRT. The GoldenRatio Token (GRT) project is an experiment. They want to prove the importance of a quality community for a crypto related project.
GRT staking rewards will be distributed as details below:
GRT Staking Program
- Starting from May 24th, 2020 at 00:00 AM UTC to May 29th, 2020 at 00:00 AM, Resfinex will begin taking hourly snapshots of user GRT balance.
GRT staking distribution will be calculated as follows:
- GRT rewards for each user = Total GRT staking rewards provided by Resfinex * User GRT holdings ratio.
- User GRT holdings ratio = User GRT holdings / Total GRT staked by Resfinex.
- Users must hold at least 1 GRT in order to qualify for staking rewards.
The initial distribution of GRT staking rewards will be calculated up until May 29th, with the total amount distributed equal to the staking rewards accrued on holdings during 6 days period. GRT rewards are calculated hourly and distributed hourly.
To learn more about GRT, check out their website.
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