DOT, CRO and TRX launching on On-chain Earn
Published on 7 Dec 20233 min read
OKX will offer DOT, CRO and TRX subscriptions on On-chain Earn starting from Dec 07, 2023 at 11:00 (UTC). This will allow users to experience on-chain rewards without any hassle.
On-chain Earn highlights:
- No subscription limits
- Simplified operational steps resulting in a more fluid user experience.
- Real on-chain annualized earnings
Details of the products can be found in the table below.
| Product | Category | Stake | Receive | Product quota | Individual quota | Min. staking amount | Redemption time | Rewards distribution | Est APR |
|---|---|---|---|---|---|---|---|---|---|
| On-chain Earn | Staking | DOT | DOT | N/A | N/A | 2 DOT | Est 28 Days | Daily | 14-17% |
| On-chain Earn | Staking | CRO | CRO | N/A | N/A | 1 CRO | Est 28 Days | Daily | 6%-8% |
| On-chain Earn | Staking | TRX | TRX | N/A | N/A | 20 TRX | Est 14 Days | 2 Days | 3%-5% |
Product Mechanism:
Earnings and subscription:
- If you subscribe before 03:00 (UTC) daily:
- Your DOT, CRO and TRX will be on-chain and start accruing interest at 03:00 on the same day. Rewards for DOT and CRO will be distributed to your Funding account daily, whereas TRX rewards will be distributed every 2 days.
- If you subscribe after 03:00 (UTC) daily:
- Your DOT, CRO and TRX will be on-chain and start accruing interest at 03:00 the next day. Rewards for DOT and CRO will be distributed to your Funding account daily, whereas TRX rewards will be distributed every 2 days.
Redemption:
- Redemption requests can be submitted at any time.
- DOT: It takes approximately 28 days (67,200 ERAS) after submitting a redemption request for your DOT to be successfully redeemed and distributed to your Funding account. You will not earn any rewards during the redemption period.
- CRO: It takes approximately 28 days after submitting a redemption request for your CRO to be successfully redeemed and distributed to your Funding account. You will not earn any rewards during the redemption period.
- TRX: It takes approximately 14 days after submitting a redemption request for your TRX to be successfully redeemed and distributed to your fund account. You will not earn any rewards during the redemption period.
- If you redeem the principal before the reward distribution date, OKX will calculate rewards based on the actual number of days staked and distribute them to your Funding account on the reward distribution day.
Important information:
- As Proof of Stake mechanisms vary for different projects, it's important to carefully read and understand the rules of each project before subscribing. These rules include, but are not limited to, the minimum redemption amount, interest accrual start time, reward distribution time, principal redemption period, and expected annualized earnings.
- OKX will charge a 5% service fee. For detailed fee information, please refer to the product introduction page.
Disclaimer:
Aside from project launch and return distribution, OKX assumes no responsibility for disputes over any agreement, hacking incidents, project fraud, and other risks that may result in asset loss for the subscribers.
Thank you for your continued support. We will be launching more new On-chain Earn products in the coming weeks. Stay tuned for more information.
Sincerely,
The OKX team
December 07, 2023