Pundi X and Function X Staking System

steempakistan (29)in #crypto • 5 years ago

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Today I would like to talk about the staking system from Pundi X and Function X. Whoever doesn’t know yet, Function X is a subsidiary of Pundi X. Its goal is to create the world's first decentralized Internet.

What is a staking system and to whom can it be beneficial?

In order not to waste time reading the article in vain, I will publish the criteria under which you can participate in the staking system:

You own Pundi X coins - NPXS and NPXSXEM.
You are not a citizen of the United States and other countries that are prohibited from participating in such programs.
You are not afraid of going through a personal identification procedure (KYC).
You allow the freezing of NPXS and NPXSXEM coins for the period you specify.

How to participate in the staking system

Download the XWallet wallet on Android and iOS.
Register in your XWallet wallet.
Create a virtual card with FX coins.
Complete the personal identification procedure (KYC).
Top up your XWallet wallet with NPXS and / or NPXSXEM coins.
Freeze a certain number of NPXS and / or NPXSXEM coins for a period specified by you.

Nothing more needs to be done. Every day, FX coins will be sent to your wallet. If you decide to replenish your XWallet NPXS and / or NPXSXEM wallet with coins and also freeze them, do it and don't be afraid. The next day, your percentage of profitability will be recounted and the number of FX coins received will increase. So, if you have met all four of the above points, then you can safely read the article further. If not, you better not waste time, but read my article about the Function X project. Or check out the project on its official website - https://functionx.io/#/ The staking system from Pundi X and Function X is that you, as the owner of NPXS and NPXSXEM coins, can receive FX (Function X) coins for free daily until March 19, 2020 (the staking system ends on this day). Your profitability depends on the number of frozen NPXS and NPXSXEM coins and the time you want to freeze them.

In some article I saw approximate calculations - a 12% yield is obtained per year. In principle, not bad. This “deposit” option is suitable for those cryptocurrency enthusiasts who have chosen a long-term strategy for storing a coin. For traders, the system of stakeings will not work at all. Although, NPXS and NPXSXEM coins can be thawed at any time. As for the total number of FX coins allocated to the stake system, their number is approximately 56,790,678 FX, or 15% of the total number of circulating FX coins. Each month, about 4,732,556 FX coins are allocated to the staking system. Remember - at any time you can remove the freeze from NPXS and / or NPXSXEM coins, while saving all received FX coins in your wallet. If you still have any questions about the Function X project or the staking system, you can write to me on Telegram - comarros. How I will be free - I will definitely answer.