Dear XDB Wallet Users,
we are excited to announce the launch of the “XDBStake” program to celebrate the launch of XDB CHAIN, XDB Wallet and XDBees members!
“XDBStake” is set to commence on January 1st, 2024, and will continue for a period of 60 days.“XDBStake” is designed to drive the adoption and usage of XDB CHAIN technology, offering incentives to users to join the network (on-chain and to join the innovative non-custodial mobile XDB Wallet.
This opportunity is open to all existing and new users of the XDB Wallet. Participants in “XDBStake” will need to keep their XDB coins in the XDB Wallet starting from January 1st, 2024. They will be rewarded with an annual percentage yield (APY) of 30%, which equates to a 5% reward over the two-month duration of the program. Eligible users will receive their rewards in XDB coins for each participating XDB Wallet account within 30 days of the program’s conclusion. The reward will be calculated based on the duration of funds held in the XDB Wallet. To earn the full 30% APY (5% net reward), users must keep their funds in the XDB Wallet for the full 60 days. For those who hold their funds for a shorter period, between January 1st and March 1st, 2024, a prorated reward will be given, corresponding to their custody period. The “XDBStake” program is designed for XDB Wallet mobile users storing a maximum of 5,000,000 XDB coins per account.
For users with holdings exceeding this limit, rewards will be calculated based on this cap.
*Exchange wallets are not eligible for this program.
By the program’s cutoff date, March 1st, 2024, participants must update their XDB Wallet app to the latest version and enable push notifications to qualify for the rewards.Excitingly, we are also in the process of introducing new features that will allow users to self-check the amount they have staked. This enhancement will provide greater transparency and control for our users, ensuring a more user-friendly and efficient staking experience. The XDB Wallet is a non-custodial solution, fully integrated with XDB CHAIN. This allows for the secure custody of XDB coins and other digital assets, including NFTs minted on XDB CHAIN.As a non-custodial wallet, users are solely responsible for the safekeeping of their funds and private keys. The 30% APY is calculated based on the actual time and amount of XDB coins held in each XDB Wallet account, up to a maximum limit of 5,000,000 XDB.
DISCLAIMER
The XDB Wallet is a non-custodial platform that prioritizes user privacy and does not process any personal data.
Users are the sole guardians of their sensitive information like passwords and private keys. Users are advised to manage their security details diligently, as there is no way to recover lost credentials. Users bear full responsibility for their fund’s custody and should be well-informed about digital asset storage and security protocols. This approach aligns with our commitment to advancing privacy and security in the decentralized web or “web3”.
To participate in “XDBStake”, download the latest version of the XDB Wallet from the Apple Store or Google Play, and store your XDB coins in it throughout the program’s duration.
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