2 years ago
Time-based investments and bonding fiscal tools person been astir for galore years successful the Traditional Finance (TradFi) satellite and person precocious made their mode onto blockchains, replacing centralized banking institutions with decentralized code-based protocols. These caller technologies invitation innovations successful the fiscal models, making further features and flexibility imaginable for the archetypal time.
REX is simply a decentralized blockchain-based cryptocurrency utilizing astute contracts to supply highly rewarding and flexible time-based investments and bonding fiscal tools. Specifically, REX astute contracts supply a autochthonal concern enactment called “staking”: locking up tokens for a play of clip to summation rewards. This is comparable to a clip deposit oregon certificate of deposit (CD) successful accepted concern but with much flexibility and greater imaginable gains.
In crypto speech, REX is simply a staking token, truthful participants bargain REX and involvement it implicit clip to gain much REX. The further REX earned by stakers comes from caller REX minted daily, causing the REX proviso to summation oregon inflate implicit time. The REX token proviso inflates by 12.9% per year. This ostentation is created by the declaration and distributed to the stakers.
Staking tokens are not caller to Decentralized Finance. Tokens with basal staking functionality beryllium already, similar the cryptocurrency HEX, that reached a Market Cap of much than $50 Billion and proved staking a invaluable concern option.
Compared to specified basal staking tokens, REX astute contracts connection precocious and extended staking functions – unprecedented successful Decentralized Finance – which makes managing stakes overmuch easier, much flexible, and – for the archetypal clip – afloat decentralized.
For example, successful REX, it’s imaginable to sanction stakes (to support way of their purpose), divided stakes (for instance, successful a divorce), transportation an progressive involvement to different code (for example, arsenic a gift), and adjacent retreat already-earned staking rewards portion a involvement is progressive (instead of having to emergency-end it early). The idiosyncratic whitethorn besides take to make a involvement arsenic revocable (the involvement tin beryllium ended aboriginal and the idiosyncratic tin retreat staking rewards earlier maturity) oregon irrevocable (the involvement can’t beryllium ended aboriginal and the idiosyncratic can’t retreat staking rewards earlier maturity) to summation its Annual Percentage Rate (APR).
REX has besides introduced the concept of booster tokens, TREX and MREX, that let users to summation their APR – up to 50%.
Another illustration of innovation successful REX is simply a caller autochthonal decentralized speech (DEX) for progressive stakes; a idiosyncratic whitethorn bargain and merchantability progressive stakes connected this built-in speech without utilizing immoderate third-party oregon middlemen – a archetypal successful the Decentralized Finance (DeFi) space. This makes a REX STAKE itself a cryptocurrency, opening caller possibilities for its users and possibly serving arsenic a relation exemplary successful DeFi.
To guarantee a top-level of semipermanent information for its users, REX astute contracts person been triple-audited by industry-leading auditing companies, including CertiK and Solidity. Finance.
Visit rex.io to larn much oregon usage it arsenic a starting constituent for further investigation.
The station REX – A caller benignant of blockchain concern optimized to make passive income appeared archetypal connected CryptoSlate.
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