Staking

REX Lately Launched on Binance Good Chain


REX

REX

Valletta, Malta, Sept. 22, 2022 (GLOBE NEWSWIRE) — REX, a complicated certificates of deposit fashion cryptocurrency launched on Binance Good Chain, offering a brand new time-based funding choice for traders. Time-based investments and bonding monetary instruments have been round for a few years within the Conventional Finance (TradFi) world and have not too long ago made their manner onto blockchains, changing centralized banking establishments with decentralized code-based protocols. These new applied sciences invite improvements within the monetary fashions, making extra options and suppleness attainable for the primary time.

REX is a decentralized blockchain-based cryptocurrency using good contracts to supply extremely rewarding and versatile time-based investments and bonding monetary instruments.  Particularly, REX good contracts present a local funding choice, known as “staking”: locking up tokens for a time frame to realize rewards. That is similar to a time deposit or certificates of deposit (CD) in conventional finance, however with extra flexibility and better attainable beneficial properties.

In crypto speech, REX is a staking token, so members purchase REX and stake it over time to earn extra REX. The extra REX earned by stakers comes from new REX that’s minted every day, inflicting the REX provide to extend, or inflate, over time. The REX token provide inflates by 12.9% per yr. This inflation is created by the contract and distributed to the stakers.

Staking tokens aren’t new to Decentralized Finance. Tokens with primary staking performance exist already, just like the cryptocurrency HEX that reached a Market Cap of greater than $50 Billion and proved staking a beneficial funding choice.

In comparison with such primary staking tokens, REX good contracts provide superior and prolonged staking features – unprecedented in Decentralized Finance – which makes managing stakes a lot simpler, extra versatile and – for the primary time – totally decentralized.

For instance, in REX it’s attainable to call stakes (to maintain monitor of their goal), break up stakes (as an example, in a divorce), switch an energetic stake to a different tackle (for instance, as a present) and even withdraw already-earned staking rewards whereas a stake is energetic (as a substitute of getting to emergency-end it early). The person might also select to create a stake as revocable (the stake might be ended early and the person can withdraw staking rewards earlier than maturity) or irrevocable (the stake can’t be ended early and the person can’t withdraw staking rewards earlier than maturity) to extend its Annual Proportion Charge (APR).

REX has additionally launched the idea of booster tokens, TREX and MREX, that enable customers to boost their staking, public sale and stake DEX expertise.

One other instance of innovation in REX is a brand new native decentralized change (DEX) for energetic stakes; a person could purchase and promote energetic stakes on this built-in change with out utilizing any third-party or middlemen – a primary within the Decentralized Finance (DeFi) house. This makes a REX STAKE itself a cryptocurrency, opening new potentialities for its customers and possibly serving as a task mannequin in DeFi.

To make sure a top-level of long-term security for its customers, REX good contracts have been totally and independently audited by three trade main auditing firms: CertiK, Solidity.Finance and TechRate.

Go to rex.io as a place to begin for additional investigation.

Twitter: https://twitter.com/rex_token

YouTube: https://www.youtube.com/rex_community

Telegram: https://t.me/newrextoken

CONTACT: Thomas Rex REX go (at) rex-token.com





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