Staking

Learn how staking LX Coin works.

What Is Staking?

Staking cryptocurrencies is a process that involves committing your crypto assets to support a blockchain network and confirm transactions. Staking can be a great way to use your crypto to generate passive income, especially because some cryptocurrencies (ex. LX Coin) offer high interest rates for staking.

*STAKING WILL BE RELEASED AFTER THE METAVERSE LAUNCH*

Staking Your LX Coin

The LX Staking Platform allows $LX holders to stake their tokens for up to 365 days, and be rewarded in additional $LX. The staking period is between 30 days and 365 days, giving holders a higher APR return based on the length of their staking period. Staking for 30 days will give the $LX holder 3% APR while staking for 365 days will give the $LX holder approximately 10% APR. The APR rate is calculated based on the number of days the $LX is being staked for.

Early Withdrawal

Holders are encouraged but not required to stake their $LX. Once a holder has staked their tokens, they will be rewarded at the end of the specified staking period. If a holder wishes to withdraw their $LX early, they have permission to at any point in time. But please be aware, there will be a 25% early withdrawal fee enforced automatically if withdrawn from the staking pool early.