Nexus Staking Platform Launch

Our new Nexus Staking platform is now live and accessible HERE.

The interface remains largely familiar to our previous version, making it easy for those who have used it the old platform.

Before you proceed to the dAPP, please take a moment to review the following staking instruction and important information:

Staking Instructions:

1. Connect your wallet and ensure it is set to the MaxxChain network.
2. Scroll down to view your Nexus token balance. Below that, you’ll find details on any staked amounts (this will populate after you stake).
3. Further down, you’ll find an input area to specify the amount of tokens you wish to stake. Ensure you enter a whole number without decimals to prevent any staking issues.
4. Choose one of the two staking terms: 15 or 30 days.
5. Your wallet will prompt you to grant access to your Nexus tokens. Make sure the requested amount matches or exceeds your intended stake and confirm the transaction. Once the initial transaction is complete, a second request will appear for the token transfer required for staking.
6. After completing these transactions, your staking information will be displayed above. Keep in mind the “Unstake” button at the bottom for when you wise to unstake your tokens.

Important Notes:

• Rewards will be distributed periodically to stakers at random times based on reward accumulation. See further down for details on reward distribution.
• There is an early unstaking penalty of 25%, and tokens collected from penalties will be burned.
• As before, 10% of all staking rewards are collected, with half used to buyback and burn Nexus tokens and the other half used to burn PWR coin.
• You can add to your stake at any time, and partial unstaking is possible, but please be aware of the unstaking penalty if your staking period has not ended.
• Unclaimed amounts will be automatically claimed when tokens are unstaked.

Reward Distribution Process for Nexus Staking

Within the Nexus Staking platform, rewards are not earned like they were in the previous dAPP. As rewards are collected via taxes, they will be deposited into the pools periodically at random intervals. These rewards are then distributed among all stakers, taking into account their stake size, the duration of their stake, and their proportional share of the rewards (if they’ve recently entered the pool). Once distributed, the unclaimed amount for each staked wallet will NOT decrease.

As a result, this platform does not provide a fixed APY figure, as it depends on Nexus’ trading volume – higher volume means more rewards, and this is why we are pushing utilities like Lotto Maxx to all users on-chain to aid in providing that needed volume.

To kickstart this process, we will split the accumulated reward pool and equally distribute all rewards over several deposit periods. As we move forward, taxes collected will be added to the pool and future distributions will be adjusted to align with the accumulated tax-based rewards.

If you have any questions or need assistance, please feel free to reach out to us through any of our socials.