What is Staking Incentives?
Based on the design and mechanism of coin yielding (Interest), CoinEx takes a snapshot (for statistics) of all holders of the specific coins/tokens on a monthly basis, and rewards the holder with the interest of the coin/token for their period of holdings. These interests will be credited to the accounts which are also known as Staking Incentives (e.g. Hold ONT and get ONG).
How to get staking incentives?
A snapshot will be taken of the specific coins and the qualified accounts will receive the staking incentives; Meanwhile, no operation is required during the entire process.
What currencies are available for staking incentives on CoinEx?
1. Hold NEO and get GAS
2. Hold ONT and get ONG
3. Hold VET and get VTHO
Click here to check out the details
Where can I see the allocated staking incentives?
Log in and select the specific Coin in [Assets]—[Asset History].
Log in and select the specific Coin in [Wallet]—[Exchange Wallet].
How are staking incentives calculated?
Take ONG for example: Staking incentives are accumulated on a daily basis, and allocated to the account monthly;
User daily distributed ONG = Daily accumulated ONG received by CoinEx * User ONG holdings ratio
User ONG holdings ratio = Daily ONG staked by User / total ONG staked by CoinEx
Why didn’t I receive staking incentives when I hold the yielding coin?
1. The stakings can only be calculated when they reach the minimum amount of the placed order. As of now: 1 ONT; 1000 VET; 0.1 NEO.
2. Currently, CoinEx will only take a snapshot of the balance of Spot Account, so if the yielding coin is transferred to Margin/Futures/Option/Contract Account, it will not be calculated thus the account will not be qualified for staking incentives.
Can I trade/withdraw staking incentives after receiving them?
The incentive coins can be traded and withdrawn after allocation. Their trading pairs supported on CoinEx are as follows:
VTHO/ETH Trade Now
GAS/BTC Trade Now
ONG/BTC Trade Now
ONG/BCH Trade Now