DeFi Token TOM to be launched as a Staking Program on COINZEUS

강승환 기자 | 기사입력 2020/11/19 [11:46]

DeFi Token TOM to be launched as a Staking Program on COINZEUS

강승환 기자 | 입력 : 2020/11/19 [11:46]


Hong Kong-based virtual asset (cryptocurrency) service provider TMTG HK Limited announced its plan to launch its DeFi token TOM Staking program on COINZEUS along with details of the staking program on Nov. 18.


According to the foundation, the company will allocate 100 million TRIX from its reserve to reward TOM staking participants through Proof-of-Stake (PoS) method. Those who stake their TOM will receive TRIX token based on the staked amount and period. 


The staking program will run from Nov. 24, 2020 to Feb. 21, 2021, a total of 90 days. Participants can cancel their staking, and there is no minimum staking required. 


However, participants need to make note that rewards rates do not apply after unstaking. After the staking period, the staked TOM is automatically returned to the holder, and the TRIX airdrop will be made to the holder’s COINZEUS account at the time of program completion. 


Airdropped TRIX is locked for three months. However, member-to-member TRIX transfer during the lock-up period is available. Holders can withdraw the TRIX airdrop after three months. 


More details will be announced on the COINZEUS homepage and official channels of TMTG Foundation at the launch of the program.


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