LGCY Community Pre Staking 2021
Round Two – Steel Hands
LGCY Network are proud to celebrate the start of 2021 in style rewarding our loyal community with a range of new incentive options
The LGCY Network team are proud to announce the launch of a series of new staking incentives in collaboration with both our main exchange partner Biki.com and our existing staking partner Ferrum Network on Unifyre wallet.
As our journey towards MainNet accelerates we want to recognise and reward the community that are supporting our journey.
We are providing multiple staking options to ensure a range of options to suit our community and encourage new community members to join our journey to MainNet in 2021.
1. Biki Exchange Community Staking Program
As our main exchange partner we continue to expand our collaboration by offering a unique staking program exclusively for Biki clients.
To celebrate the newly added token pair, BiKi and LGCY will jointly launch the following lock staking activities with 48% APY and the details are as follows:
Submission period: 12/23, 11:00 — 12/30, 24:00 (GMT +8)
Lock-in period: 2020/12/31, 00:00 — 2021/03/31, 24:00 (GMT +8)
Interest Calculation Starts: 12/31, 00:00 (GMT +8)
Staked tokens cannot be withdrawn for the duration of the lock-in period
Activity 1: Lock LGCY and receive USDL at 48% APY
Lock-in Token: LGCY
Rebate Token: USDL
Total Lock-in quota: 2,000,000,000 LGCY
Lock-in Duration: 90 days
Annualized Yield: 48%
Min. Qty: 500,000 LGCY
KYC: Not required
Activity 2: Lock USDL and receive USDL at 48% APY
Lock-in Token: USDL
Rebate Token: USDL
Total Lock-in quota: 250,000 USDL
Lock-in Duration: 90 days
Annualized Yield: 48%
Min. Qty: 100 USDL
KYC: Not required
Important Notes:
1. During the lock-in period, the locked assets are not allowed for trading, withdrawal and early unlocking.
2. The interest will be released with principal upon expiry.
3. Release Time for Principal and Interest: Not later than 2021/04/07
4. To Check Your Earnings: BiKi Staking > My PoS Record > PoS Locked
5. The interpretation rights of this activity will be at the sole discretion of BiKi platform.
2. Ferrum Staking on Unifyre Wallet
Following an overwhelming response to our Pre Staking program developed in partnership with Ferrum Network we are pleased to announce an expansion of our collaboration with Ferrum with a new community staking program.
Submission period: 12/23, 18:00 –12/30, 24:00 (PST)
Lock-in period: 2020/12/31, 00:00–2021/03/31, 24:00 (PST)
Interest Calculation Starts: 12/31, 00:00 (PST)
Activity 1: Lock LGCY and receive USDL at 36% APY
Lock-in Token: LGCY
Rebate Token: USDL
Total Lock-in quota: 2,000,000,000 LGCY
Lock-in duration: 90 Days
Annualized Yield: 36%
Min. Qty: 500,000 LGCY
Activity 2: Lock USDL and receive USDL at 36% APY
Lock-in token: USDL
Rebate token: USDL
Total Lock In Quota: 250,000 USDL
Lock-in duration: 90 days
Annualized yield: 36%
Min QTY: 100 USDL
During both activities locked assets are not allowed for trading. Staking can be unlocked, however all yield generated will be forfeited and shared equally amongst remaining stakers. The interest with principle will be released upon expiry of the contract.
As we look forward to 2021 the team couldn’t be more excited about the year ahead, with many significant milestones.
We look forward to sharing these with the community and remain more committed than ever to delivering the worlds most truly decentralised blockchain network.
Wishing all of our community the very best for a safe and happy 2021.
About LGCY Network
LGCY Network is a DPoS, open-source blockchain protocol with industry-leading transaction speed and flexible utility. Running on the Libertas Protocol, LGCY Network aims to be the most decentralized dApp blockchain in the world.
