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“Crypto winter” is a time period that many use to explain the present, downturned state of the market. It’s only a coincidence that climate presently aligns with these situations in lots of international areas. It’s chilly on the market in additional methods than one. Whereas issues might certainly be higher (we keep in mind such occasions!) CEX.IO units itself aside in our unwavering optimism in all crypto environments, bull or bear.
So, as an alternative of going with the grain, we’ve determined to do the alternative and announce a Sizzling Season of Crypto Staking. Other than the catchy identify (which we’re significantly happy with), this distinctive promotion serves to launch a extra subtle deal with our platform’s new staking mannequin.
What’s a Sizzling Season of Crypto Staking?
As it’s possible you’ll know, CEX.IO is a whole on-line ecosystem of crypto companies that gives new and skilled customers alike with quite a few alternatives to work together with, and profit from, crypto. Staking is among the out there companies on our platform, which lets you earn rewards merely by holding stakeable belongings in your account (no further motion required).
We name this staking mannequin Automated Staking, exactly as a result of proudly owning and holding stakeable belongings is the one enter required of you as a CEX.IO person. Your rewards are calculated each day and launched month-to-month, enabling you to grow to be the proud proprietor of one thing known as passive earnings.
Nevertheless, since we consider that steady enhancements on our finish assist make your crypto journey extra navigable and pleasant, we’ve designed a brand new staking mannequin that went reside in mid-December.
The brand new staking mannequin options vital variations in comparison with our present Automated Staking answer. The largest change is that the brand new mannequin requires manually transferring the funds you want to stake to a separate sub-account. Nevertheless, this step ends in two advantages:
Your funds staked in sub-accounts will generate each day rewards (as an alternative of receiving them month-to-month as earlier than).The brand new mannequin will function the next APY versus Automated Staking.
Word that the funds in your sub-account will stay versatile, and that it is possible for you to to withdraw them to your account at any time. Consequently, our new staking mannequin makes our ecosystem extra clear, and extra rewarding.
How does the Sizzling Season of Crypto Staking promo work?
Throughout February and March 2023, our platform will function elevated staking rewards for particular stakeable cryptocurrencies. In different phrases, as an alternative of your default staking rewards, every week we’ll supply increased APYs for a choose forex, beginning out of your switch day.
Right here’s an outline of what you may anticipate:
Nevertheless, the rewards don’t finish with increased APYs. The primary 500 customers who be a part of this promo, and take part in CEX.IO staking for the primary time, could have a singular alternative to share in a $5,000 prize pool*. Why? As a result of on our platform, day-after-day is a vacation, and we take pleasure in warming up the winter with scorching crypto staking items!
*To take part within the prize pool, this should be your first time using our staking companies typically, not simply our new staking mannequin. To affix the promo, opt-in on the hyperlink beneath, and switch any stakeable crypto belongings to your Staking steadiness. Solely new funds transfers shall be eligible to earn elevated rewards.
The way to take part within the Sizzling Season of Crypto Staking promo
Taking part on this occasion is simple and requires simply the next steps:
Go to the promo web page at http://cex.io/hot-winter Join an account, or log into your present oneClick on the Be a part of the Promo button on the promo pageTransfer crypto to your Staking balanceYour elevated staking rewards shall be granted to you by April 30, 2023The prize pool of $5,000 for the primary 500 customers may even be distributed by April 30, 2023
Be a part of CEX.IO to remain heat this winter. Have a good time the crypto holidays in our secure and safe ecosystem, whereas your belongings give you the results you want — tougher than ever earlier than!
Disclaimer: Data offered by CEX.IO just isn’t supposed to be, nor ought to it’s construed as monetary, tax or authorized recommendation. The danger of loss in buying and selling or holding digital belongings may be substantial. It is best to rigorously take into account whether or not interacting with, holding, or buying and selling digital belongings is appropriate for you in gentle of the chance concerned and your monetary situation. It is best to consider your degree of expertise and search impartial recommendation if obligatory relating to your particular circumstances. CEX.IO just isn’t engaged within the supply, sale, or buying and selling of securities. Please check with the Phrases of Use for extra particulars.
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