Resfinex will start new staking program for RES token, starting from Jan 10th, 2020.
RES token staking rewards will be distributed as detailed below:
RES Staking Program
- Starting from Jan 10th, 2020 at 00:00 AM UTC, Resfinex will begin taking hourly snapshots of user RES balances.
- RES staking distribution will be calculated as follows:
RES generated by each user = Total RES staking rewards provided by Resfinex * User RES holdings ratio.
User RES holdings ratio = User RES holdings / Total RES staked by Resfinex.
- Users must hold at least 100 RES in order to qualify for staking rewards.
- The initial distribution of RES staking rewards will be calculated up until June 10th, 2020, with the total amount distributed equal to the staking rewards accrued on holdings during 180 days the period.
- RES rewards are calculated daily (hourly snapshots) and distributed hourly.
12,500,000 RES For Staking Program.
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