One of the most important aspects of the BXY token is our staking program.
When you first register, your account will be a standard level account. There are no staking discounts at this default level.
There are currently four levels of staking; Silver, Gold, Platinum, and Diamond. The level is determined by the number of coins that you wish to stake, and your daily withdrawal limit will also be determined by this. The levels are as follows:
The duration of the locking period is one month. The tokens will become locked at 0:00UTC each day, and unlock one month later at the same time. You will receive the discount for the entire duration of the lock period, and when that period expires you can lock the tokens again.
You may also lock more tokens part of the way through your locking period to raise your level. For example, if you are already at the Silver level you may lock an additional 100,000 tokens to receive Gold level for the duration of your locking period.
Users that are eligible for the loyalty rewards program will have the option to combine these two features when staking tokens.
Standard User - Default tier when registering for Beaxy. No staking. 30 BTC daily withdrawal limit.
Silver Account - Earned by staking 50,000 BXY. Yields a 10% discount on trading fees. 60 BTC daily withdrawal limit.
Gold Account - Earned by staking 150,000 BXY. Yields a 15% discount on trading fees. 100 BTC daily withdrawal limit.
Platinum Account - Earned by staking 500,000 BXY. Yields a 20% discount on trading fees. 200 BTC daily withdrawal limit.
Diamond Account - Earned by staking 1,000,000 BXY. Yields a 25% discount on trading fees. 500 BTC daily withdrawal limit.