February 26, 2024

BitMax Staking Promotion: 20% annualized staking rewards for grabs!

Disclaimer: All of the content written on CoinMarketExpert is unbiased and based on objective analysis. The information provided on this page should not be construed as an endorsement of cryptocurrency, a service provider or offering and should neither be considered a solicitation to buy or trade cryptocurrency. Cryptocurrencies carry substantial risk and are not suitable for everyone. No representation or warranty is given as to the accuracy or completeness of this information and consequently, any person acting on it does so entirely at their own risk. See further disclaimer at the bottom of the page.

To celebrate the launch of its staking service Singapore-based cryptocurrency exchange BitMax has unveiled two promotional events that will run for a period of 7 days until April 24th, 10:00 p.m. EDT. Here’s what’s on offer:

Event 1: Stake Tezos (XTZ) and Cosmos (ATOM) for 20% Annualized Return

The first 3 million Tezos (XTZ) tokens and the first 3 million Cosmos (ATOM) tokens that are staked by users during this promotional period will receive a staking reward and bonus that amounts to an attractive estimated annual yield of 20%!

This is very much on a first-come-first-serve basis, as the moment the number of staked XTZ or ATOM tokens exceeds 3 million respectively, the extra staked portions will NOT become eligible for the bonus portion (and will only receive the staking rewards portion).

Event 2: Stake Tezos (XTZ), Cosmos (ATOM) & KAVA to Qualify for 20% Annualized Return on Bitcoin

To be eligible users will need to subscribe to Bitcoin (BTC) on the BitTreasure platform of BitMax whilst staking XTZ, ATOM or KAVA. Doing this will entitle users to an additional 8% annualized bonus return on their Bitcoin (on top of the 12% estimated APR), taking the total up to an estimated annual yield of 20%.

The 8% annualized return will be calculated and distributed by May 8th, 12:00 p.m. EDT. Users cannot withdraw their Bitcoin (BTC) from the BitTreasure platform before the maturity date except in certain unforeseeable emergencies subject to the platform review.

More information about this promotion may be found on CoinMarketExpert’s best staking coins page.