CEX.IO News

Announcing Staking Promotion: Spin the Wheel and Reveal Your Staking Reward Bonus for ZIL and DOT

, October 29, 2020

CEX.IO has just become one of the exclusive places where you can stake Zilliqa (ZIL) and launched Polkadot (DOT) staking. We’ve decided to make it a double win and launch a Staking Reward Bonus Wheel. 🤩 

Feeling lucky? Then you are in the right place.

 

🤑 What’s at stake?

The regular reward for staking ZIL and DOT coins on CEX.IO makes 17-19% and 10% respectively. 

You can increase it by up to 20% from the regular staking reward! Sounds good? Read on!

 

ℹ️  How does it work?

To participate in this promotion you’ll need:

  1. Be a CEX.IO customer, means you need to have an account at CEX.IO where later on we’ll send your staking reward
  2. Enter your email address (connected to your CEX.IO account) and spin the Wheel on the Staking Promotion page 
  3. WIN your staking bonus! 
  4. Copy and save the promotion code (we might ask for it as a confirmation of your participation in this Staking Promotion). Your code is registered and next month your staking rewards will reflect that.

 

👉  What’s next?

Just stake your coins. You can buy or deposit these coins to your CEX.IO account BEFORE or AFTER you spin the Wheel. This makes no difference. 

Just mentioning — the more ZIL or DOT you stake, the bigger your staking reward will be.

So make sure you have your account loaded with stake-able crypto and just sit and watch cash rolling in.

🏆  About reaping the rewards

You can win a staking bonus either for ZIL, or for DOT, or for both. This bonus applies to the next staking period only (one month). 

Normally, a staking reward is distributed once a month.  The date of the regular staking reward distribution is stated on the CEX.IO Staking page. The staking rewards for November will be distributed in December. 

If you win a staking bonus, you will receive your regular staking reward and your staking bonus in two separate payments. 

The bonus will be sent to your CEX.IO balance within 3 business days after the staking period ends. 

A bonus for staking is a percentage of the existing staking reward. It is calculated as follows:  

  • 17-19% (regular staking reward for ZIL) + 20%  (bonus) = ~ 20.4-22.8% (total staking reward for ZIL)
  • 10% (regular staking reward for DOT) + 15% (bonus) = ~ 11.5% (total staking reward for DOT).

 

📌 What else to know:

  1. You can spin the Wheel only once within the entire duration of this promotion.
  2. The minimum amount of coins that participate in CEX.IO Staking is specified on the CEX.IO Staking page
  3. This promo is available to all the CEX.IO customers who can participate in CEX.IO Staking. The list of the countries where CEX.IO service is unavailable is here.
  4. The Staking Promotion runs from October 29 through November 5, 2020. You can spin the wheel any time during this period. The staking bonus will apply to the next staking period (one month). 

Now, when you know everything, get your adventurous spirit on, and good luck!

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