- What is the Holding Bonus Program?
The “Holding Bonus Program” is aimed at the long term BITO token holders, to encourage them to stake their coins in exchange for a percentage of the transaction fees revenue in USDT, distributing USDT rewards every week accordingly to our users.
- What is “Staking”? What can I get out of “Staking”?
Staking means locking up BITO tokens that you don’t want to move in the near future. BITO tokens that are staked cannot be traded or withdrawn. Staking tokens can stop you from accidentally selling too much BITO when trading. You can also participate in our Holding Bonus Program, to earn passive income in USDT.
- How does the Holding Bonus Program work?
New signees must be a verified Level 1 (or above) BitoPro user
Obtain at least 10,000 BITO tokens (Via BitoPro)
Log in and select 【Assets】-【Stake】
Enter the amount you want to Stake，Click【Stake Now】
Collect your Weekly USDT Rewards
Receive your Reward Notification Email
Check your reward history from【Assets】-【Stake】-【Overview】
- How do I stake my BITO tokens ?
Login, click 【Assets】-【Stake】
Enter the amount you want to stake and click 【Stake Now】
Enter the OTP and you have finished staking BITO
- What is Transction Fees Rebates?
Transaction Fees Rebates is the percentage of the total transaction fees revenue that are distributed back to the staked users. The Holders Bonus Program begins on April 29th and continues for 3 straight month, broken down to three stages.
April 29th 2019 - May 26th 2019 Earn 70% rebates of our transaction fees revenue
May 27th 2019 - June 23th 2019 Earn 60% rebates of our transaction fee revenue
June 24th 2019 - July 28st 2019 Earn 50% rebates of our transaction fee revenue
- How to calculate the USDT rewards I earn through staking?
BitoPro has provided a calculator to do the maths for you. Head to【Assets】-【Stake】, enter the amount you want to stake. Our website will use the transaction fees revenue from last week to estimate the USDT rewards you may earn this week. The estimate is shown by the box “Estimated Staking Earnings” , this may be different from the “Actual” rewards number, so please take note.
- How to calculate individual weighted factors? What is “Staked Time Multiplier” ?
BitoPro’s Holding Bonus Program encourages long time BITO holders to stake their tokens, so the individual weighted factors will be calculated based on the amount and time staked.
Individual Weighted Factors = Staked Amount BITO x Staked Time Multiplier
(Staked Time Multiplier decreases over time, for more details please see Staked Time Multiplier Reference Table (Zendesk)
- Can I unstake tokens? How do I unstake tokens?
Staked tokens can become unstaked at anytime, Unstaking your tokens will immediately reset your individual weighted factors including the time multiplier and
amount of your staked BITO tokens.
How to Unstake Tokens (Just follow these steps)：Login → Click【Assets】→【Stake】→ Click 【Unstake】→Enter OTP verification and you will have completed your unstaking of BITO tokens.
- Are there any restrictions of this program ?
During this running program, users must pass Level 1 verifications to participate, single minimum staking order is 10,000 BITO.
- How do you calculate the reward distribution cycle? When do you settle and distribute rewards?
Reward distribution cycle starts from the first order you stake, and settling on the following Monday at 00:00 AM. Rewards will be distributed on the same week on Wednesday at 12:00PM (UTC+8).