5.3 STAKING PLATFORM
The BitBet Staking Platform is a structured staking solution offering users the opportunity to increase their position in the project with no more purchases. The platform provides three distinct lock-up periods, each with its own Annual Percentage Yield (APY), and allows monthly withdrawals of staking rewards, enhancing flexibility while ensuring long-term staking benefits.
There is a 7% fee for staking deposits.
Key Features of the BitBet Staking Platform:
1. Three Locking Periods and APY Rates:
399 days lock-up period with a 22% APY.
499 days lock-up period with a 35% APY.
623 days lock-up period with a 44% APY.
Each staking option allows users to lock their assets for the specified duration, during which they earn interest on their staked amount at the corresponding APY.
2. Quadrimester Rewards:
One of the standout features of BitBet is the ability to withdraw staking rewards on a quadrimester basis. This allows users to enjoy passive income without having to unlock the principal investment.
The staked principal remains locked for the full duration (399, 499, or 623 days), but users can access the rewards quarterly, providing liquidity and flexibility even during the lock-up period.
3. High-Yield Opportunities:
BitBet offers competitive APYs designed to attract long-term stakers. The APYs are structured to incentivize longer staking periods, with significantly higher returns for users who choose to lock their assets for 623 days (44% APY), compared to shorter periods like 399 days (22% APY).
Example of Earnings:
Let’s assume a user stakes $10,000 BITBET on the platform. Here’s what they can expect for each staking period:
399 days (22% APY):
Monthly reward: 1.83% of the principal ($10,000 × 1.83% = $183 BITBET per month).
At the end of the 399-day period, the total rewards earned would be approximately $2,430 BITBET.
499 days (35% APY):
Monthly reward: 2.92% of the principal ($10,000 × 2.92% = $292 BITBET per month).
At the end of 499 days, the total rewards earned would be approximately $4,860 BITBET.
623 days (44% APY):
Monthly reward: 3.67% of the principal ($10,000 × 3.67% = $367 BITBET per month).
At the end of 623 days, the total rewards earned would be approximately $7,590 BITBET.
4.Emergency Withdrawal:
Emergency withdrawal can be done at any time at a 45% tax.
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