Xterio Mining Pool
What is Xterio Mining Pool?
Xterio Mining Pool is a new Xterio staking activity where users can stake designated tokens (beginning with XTER) in the Mining Pool smart contracts and obtain rewards of tokens from Xterio Ecosystem projects. Each project will configure a redemption time for the staked tokens. When redemption time comes, the staked tokens can be redeemed and the user will receive corresponding rewards based on the staked amount. The specific details of each staking pool are determined by each Xterio Ecosystem project.
Who is eligible to participate in the Mining Pool event?
Users with an Xterio account can participate in the event.
How to participate in Mining Pool?
Just go to the Mining Pool homepage, select the Xterio Ecosystem project Mining Pool you want to participate in, and stake designated token to participate in the event.
Are there any restrictions on staking tokens?
The event page will specify the maximum lock-up amount for each Mining Pool and for each wallet address. Please refer to the specific event page for details.
How is my reward calculated?
The reward is calculated every second, and the reward calculation formula is: Token reward = Amount of user's stake / Total number of staked tokens × Reward pool. This calculation is repeated every second during the staking period.
For illustration only
User A stakes 100 XTER and the total number of staked tokens is 1,000 XTER. The reward pool for the Mining Pool is 10,000 Reward Token. If the staking period is for one day, User A will be rewarded with 0.011574 Reward Token every second.
When can I claim the reward?
Each participating project will configure the time when the reward can be claimed. When the time is reached, you will be able to claim your reward from the Mining Pool. When you claim your reward from the Mining Pool, the reward will be transferred to your connecting wallet address.
When can I claim my staked tokens?
Each project party will configure the time when your staked tokens can be withdrawn. When the time is reached, your staked tokens can be withdrawn by you to your wallet.
How to view the stake history?
You can click the [History] button for each Mining Pool to view your stake and reward details.
How is the estimated annual reward rate (ARR) calculated?
ARR is an annualized rate of rewards dynamically estimated based on the current aggregate number of staked tokens. The estimated Annual Reward Rate is calculated as follows: (current value of reward token per second / current value of aggregate number of staked tokens) x 365 x 24 x 3600. The lower the aggregate number of staked tokens, the higher the ARR.
Disclaimer: The estimated ARR is only an estimation of the rewards you will get and is in no way a guarantee or confirmation that you will receive such rewards. The estimated ARR is for information purposes only and is not, nor intended to be, financial, investment, trading or legal advice. We do not warrant the accuracy, completeness or usefulness of this information, and such information is not a solicitation or recommendation to purchase, invest in, or sell any digital asset or other product.
What risks should I pay attention to?
The value of digital assets, including those involved in the Mining Pools, are highly volatile. We make no guarantee regarding the value of digital assets involved in the Mining Pools. You are required to read and agree to our terms of service before participating in the Mining Pools.
Important: This article and all relevant social media communications (collectively, "Media") is only intended to serve as a description of the service, and is subject to the Xterio Terms of Service (which includes, for the avoidance of doubt, the Airdrop and Staking Supplemental Terms) ("Terms of Service") set out in the link below. In the event of conflict or inconsistency between the Media and the Terms of Service, the Terms of Service will control.
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