TOM Begins Staking Program with COINZEUS to Reward 100M TRIX

이선영 기자 | 기사입력 2020/11/26 [15:12]

TOM Begins Staking Program with COINZEUS to Reward 100M TRIX

이선영 기자 | 입력 : 2020/11/26 [15:12]

 

Hong Kong-based virtual asset (cryptocurrency) service provider TMTG Enterprise HK Limited announced on Nov. 26 the launch of its TOM Staking Program on COINZEUS. 

 

TOM is the DeFi token of TMTG Foundation. The first season of TOM mining began on Nov. 11, in which 25,000 TOM are issued. To mine TOM, the user must deposit their LP coin acquired from TMTG/LBXC pool to TOM Finance homepage. The LP coin is rewarded according to the deposit amount in the pool. 

 

At the time of launch, the TOM’s annual percentage yield (APY) reached 1,350%. After listing on Foblgate, its price reached 10M KRW (90,000 USD), proving its formidability. 

 

The TOM staking program is available only to TOM holders, and the staking period is 90 days. Usually, staking programs have a minimum staking amount, but TOM staking has no minimum.

 

The reward for staking is the TRIX token. 100 million TRIX from the foundation’s reserve will be rewarded to the TOM staking participants according to Proof-of-Stake (PoS) method. TRIX reward is based on the staked TOM and period. Unstaking is also available, and the participant can choose to unstake anytime during the staking period. 

 

However, the reward will not be given to the participants who unstake during the staking period. Staked TOM is automatically returned to the holder once the staking is completed. The TRIX reward will be airdropped to the holder’s COINZEUS account at the time of staking completion. 

 

The TRIX reward can be withdrawn three months after the airdrop. However, COINZEUS member-to-member transfer is possible.

 

Details on the TOM staking are available on COINZEUS homepage and TOM official channels.

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