“Crypto winter” is a term that many use to describe the current, downturned state of the market. It’s just a coincidence that weather presently aligns with these conditions in many global regions. It’s chilly out there in more ways than one. While things could indeed be better (we remember such times!) CEX.IO sets itself apart in our unwavering optimism in all crypto environments, bull or bear.
So, instead of going with the grain, we’ve decided to do the opposite and announce a Hot Season of Crypto Staking. Apart from the catchy name (which we’re particularly proud of), this unique promotion serves to launch a more sophisticated focus on our platform’s new staking model.
What is a Hot Season of Crypto Staking?
As you may know, CEX.IO is an entire online ecosystem of crypto services that provides new and experienced users alike with numerous opportunities to interact with, and benefit from, crypto. Staking is one of the available services on our platform, which enables you to earn rewards merely by holding stakeable assets on your account (no additional action required).
We call this staking model Automated Staking, precisely because owning and holding stakeable assets is the only input required of you as a CEX.IO user. Your rewards are calculated daily and released monthly, enabling you to become the proud owner of something called passive income.
However, since we believe that continuous improvements on our end help make your crypto journey more navigable and enjoyable, we’ve designed a new staking model that went live in mid-December.
The new staking model features significant differences compared to our existing Automated Staking solution. The biggest change is that the new model requires manually transferring the funds you wish to stake to a separate sub-account. However, this step results in two benefits:
- Your funds staked in sub-accounts will generate daily rewards (instead of receiving them monthly as before).
- The new model will feature a higher APY versus Automated Staking.
Note that the funds in your sub-account will remain flexible, and that you will be able to withdraw them to your account at any time. Consequently, our new staking model makes our ecosystem more transparent, and more rewarding.
How does the Hot Season of Crypto Staking promo work?
During February and March 2023, our platform will feature increased staking rewards for specific stakeable cryptocurrencies. In other words, instead of your default staking rewards, each week we’ll offer higher APYs for a select currency, starting from your transfer day.
Here’s an overview of what you can expect:
|Week||Coin||Old Reward||New Reward|
|January 30 to February 5||ADA||2.6%||10%|
|February 6 to February 12||TRX||3.5%||10%|
|February 13 to February 19||XTZ||4%||10%|
|February 20 to February 26||SOL||5%||10%|
|February 27 to March 4||ZIL||11%||20%|
|March 5 to March 11||ATOM||10%||20%|
|March 12 to March 18||MATIC||8%||20%|
|March 19 to March 25||DOT||10%||20%|
However, the rewards don’t end with higher APYs. The first 500 users who join this promo, and participate in CEX.IO staking for the first time, will have a unique opportunity to share in a $5,000 prize pool*. Why? Because on our platform, every day is a holiday, and we enjoy warming up the winter with hot crypto staking gifts!
*To join the promo, opt-in at the link below, and transfer any stakeable crypto assets to your Staking balance. Only new funds transfers will be eligible to earn increased rewards.
How to participate in the Hot Season of Crypto Staking promo
Participating in this event is straightforward and requires just the following steps:
- Visit the promo page at http://cex.io/hot-winter
- Sign up for an account, or log into your existing one
- Click on the Join the Promo button on the promo page
- Transfer crypto to your Staking balance
- Your increased staking rewards will be granted to you by April 30, 2023
- The prize pool of $5,000 for the first 500 users will also be distributed by April 30, 2023
Join CEX.IO to stay warm this winter. Celebrate the crypto holidays in our safe and secure ecosystem, while your assets work for you — harder than ever before!