While Beaxy offers the option to pay your fees with BXY for a 50% discount in trading fees, we've also devised a staking program that will allow you to take advantage of additional discounts for locking your BXY tokens on our exchange for a set period of time.
It works like this:
- You decide how many BXY tokens you want to lock
- You set the period for how long you want to lock them for (minimum one month)
- You receive a discount in trading fees until they unlock
There are 5 different tiers for User Account Status. They are as follows:
Standard User - Default tier when registering for Beaxy. No staking.
Silver Account - Earned by staking 50,000 BXY. Yields a 10% discount on trading fees.
Gold Account - Earned by staking 150,000 BXY. Yields a 15% discount on trading fees.
Platinum Account - Earned by staking 500,000 BXY. Yields a 20% discount on trading fees.
Diamond Account - Earned by staking 1,000,000 BXY. Yields a 25% discount on trading fees.