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Announcement on launch of MDEX.COM Boardroom Lockup Function
To further motivate MDX holders, MDEX is now launching a long-term Boardroom lockup program and investing more funds and equities as rewards. Specifically, MDEX.COM will launch the Boardroom lockup function at 16:00 (UTC+8) on July 19 to support both demand and fixed stakings. Earnings from token stakings can be withdrawn any time.
Boardroom lockup rules are as follows.
1. The Boardroom lockup function now supports different lockup periods for the staking of the single token MDX, that is, users can choose to lock up their positions for 30 days, 90 days, 180 days and 360 days in the Boardroom single token staking pool easily. a. Users can choose to lock up their positions for 30 days, 90 days, 180 days and 360 days in the Boardroom single token staking pool.
2.Users can choose different lockup periods to obtain corresponding returns. The longer the lock-up period, the higher the income weights. That is, with the same amount of stakings, the lock-up income is more generous for longer lock-up periods.
3.Users cannot withdraw the principal during the lock-up period of the Board, but can withdraw the lock-up proceeds at any time.
4.After the lockup position expires, if there are unclaimed proceeds of the corresponding lockup, the contract will automatically transfer the proceeds to users' wallet address.
July 17, 2021