The cryptocurrency space is bursting with innovation, and staking has become one of the most rewarding ways for users to engage with blockchain technology. It’s not just about earning rewards but also about contributing to the growth and security of blockchain ecosystems.
Introducing the latest XDB XDBees Staking Pool—a unique initiative designed to onboard and reward new users joining the XDB CHAIN ecosystem. This pool is fueled with excitement by the growing XDBees Game community and other upcoming applications within the network.
Here’s what’s exciting: participants in the staking pool will align with the launch of a brand-new gaming ecosystem token (tentatively named BeeFi). This token will integrate seamlessly into XDBees Game, and in future releases, it will be swappable with HONEY, enhancing gameplay and utility across the ecosystem.
In simple terms, staking allows users to support the blockchain by locking up cryptocurrency in a wallet. This helps secure the network and validate transactions, rewarding users in return. Unlike mining, staking is energy-efficient and sustainable, aligning perfectly with the innovative goals of XDB CHAIN and its gaming ecosystem.
Join the journey, stake your XDB, and be part of building something extraordinary!
Why Stake?
- Get Rewards: Staking rewards users for locking up their cryptocurrency for a period of timeSupport the Network: By staking, you actively contribute to the stability and security of a blockchain network.
- Engage with Web3: Staking often unlocks additional opportunities to explore decentralized finance (DeFi), NFTs, and other blockchain-powered innovations.
Stake $XDB and Earn 300% APR in HONEY Tokens!
Users can participate in an exclusive opportunity to earn 300% APR in $HONEY tokens.
Here’s how it works:
- How to Stake: Transfer your $XDB tokens exclusively from the XDB Wallet mobile or web app to the official Pool Wallet before the staking pool officially closes on December 23rd, 1 PM UTC. After this date it won’t be possible to participate..
- Proof of Stake: Upon transfer, you’ll receive LXDB in a 1:1 ratio as proof of your stake in your non-custodial wallet.
- Stake Window: Open on December 2, 2024, and closes on December 23rd at 1 PM UTC.
- Lock-In Period: $XDB will be locked immediately upon transfer, and rewards will be calculated over a fixed 30 days window.
- Reward Distribution: At the end of the staking period on January 22, 2025 at 1 PM UTC, return your $LXDB to the Pool Wallet to:
- Reclaim your original $XDB tokens.
- Receive your $HONEY rewards for each token staked.
This opportunity is secure, transparent, and entirely on-chain, making it a compelling option for users seeking exciting network growth participation while supporting the overall XDB CHAIN ecosystem.
Pro Tip: HONEY is the in-game currency of XDBees Game! Learn more about it and their growing ecosystem to maximize your engagement! ADD LINK OF TELEGRAM GAME
How to Participate in XDBStake
- Download the XDB Wallet: Available on the Apple Store and Google Play, the XDB Wallet is your gateway to this staking opportunity.
- Hold Your XDB Coins: Transfer and securely store your XDB coins in the wallet starting December 2, 2024.
- Stay Updated: Ensure your XDB Wallet app is up to date and push notifications are enabled by the January 22, 2025 at 1PM UTC cutoff.
- Track Your Rewards: New features will soon enable users to self-check their staked amounts, enhancing transparency and usability.
The XDB Wallet integrates seamlessly with XDB CHAIN, offering a secure, non-custodial solution for managing your XDB coins and digital assets like NFTs. Its non-custodial nature ensures users retain full ownership of their funds and private keys, making it a trusted choice for security-conscious users.
Important Considerations
- Rewards are calculated based on the actual duration and amount of XDB coins held during the staking program.
- Users bear full responsibility for safeguarding their credentials and private keys, as the wallet does not store personal data or offer recovery options for lost information.
- A maximum staking limit of 5,000,000 XDB coins per account ensures fair reward distribution.
- Centralized exchanges’ users wallets are excluded from participation. Do Not send XDB coins from there as there is a risk that they will be lost as they cannot be routed back
Staking programs like XDBees Staking Pool not only empower users to grow their holdings but also drive the adoption of innovative blockchain technologies. By participating, you become an integral part of the XDB CHAIN ecosystem, fostering a decentralized and secure digital future.