You can earn a stable and steady passive income by participating in MEGASET staking pool.
MEGASET staking allows users to earn USDT when you stake $MSET. Unlike many other cryptocoins where staking rewards are issued in its own coins, when you stake $MSET and get USDT, neither of your rewards are not subject to any market price fluctuations, nor do you have to worry about having problems encashing your rewards. In summary, it works just the way with fiat currency, where your rewards are steadfast and “riskless”.
Staking is as if a depositor deposits money in the bank and earns an interest on it. Staking refers to the process of holding funds in a cryptocurrency wallet to support the operations of the network and earns an interest for doing so.
What happens when you stake your $MSET tokens?
Your MEGASET tokens will be locked in the staking pool, meaning you can’t trade them during this period. However, your investment, your funds will grow over time as you keep receiving staking rewards for staking your tokens. MEGASET pays out rewards in USDT, so you need not worry about price fluctuations of $MSET which affects the value of your rewards.
Where are the rewards distributed from?
MEGASET does not distribute staking rewards from its capital. Instead, a percentage of the returns earned from MEGASET diversified investment strategies goes into the MEGASET Rewards Fund.
How are your rewards calculated?
The rewards from staking each coin is derived from dividing the amount of funds in the MEGASET Rewards Fund by the number of tokens staked.
In short:
Staking Rewards per token = MEGASET Rewards Fund in the pool / Tokens staked
For Instance:
MEGASET Rewards Fund for Month 1: 10,000,000 USDT
Total $MSET staked: 505,000,000
Staking Rewards per token = 10,000,000 / 505,000,000 = 0.019 USDT (per token)
After 1 month of staking:
If you had staked 100 $MSET: your rewards will be 100 x 0.019 = 1.9 USDT
If you had staked 1000 $MSET: your rewards will be 1,000 x 0.019 = 19 USDT
If you had staked 10,000 $MSET: your rewards will be 10,000 x 0.019 = 190 USDT
If you had staked 100,000 $MSET: your rewards will be 100,000 x 0.019 = 1,900 USDT
If you had staked 1,000,000 $MSET: your rewards will be 1,000,000 x 0.019 = 19,000 USDT
*The amount of rewards in the Staking Pool Rewards above is an illustration, for staking calculation and explanation purposes. Actual amount will depend on the actual Staking Rewards that MEGASET TEAM generates from the MEGAET products and the actual number of staked tokens in the pool.
How often is the MEGASET Rewards Fund updated?
MEGASET team will update the Staking Rewards in the Rewards Fund monthly. Rewards will be allocated to 3 staking pools equally. The 3 staking pools are:
1-Month Staking Pool
6-Month Staking Pool
12-Month Staking Pool
How to participate in Staking Rewards?
To participate in the staking pool, tokens needs to be staked 24 hours before the staking begins.
For instance,
1-Month Staking Pool starts on:
The 1st day of the month 0:00 AM (UTC) to the 1st day of next month 0:00 AM (UTC)
6-Month Staking Pool starts on:
The 1st day of the month 0:00 AM (UTC) to the 1st day of the 6th month 0:00 AM (UTC)
12-Month Staking Pool starts on:
The 1st day of the month 0:00 AM (UTC) to the 1st day of the 12th month 0:00 AM (UTC)
How are the rewards distributed?
Staking rewards are distributed to the user’s web3 wallet in USDT within 7 days after the staking period ends.
For instance,
1-Month Staking Pool: before 7th of next month
6-Month Staking Pool: before 7th of July.
12-Month Staking Pool:before 7th of January.
If you staked your $MSET in the 1-Month Staking Pool, you will only get staking rewards from the 1-Month Staking Pool. However, if you stake your tokens in the 12-Month Staking Pool, you will get staking rewards from all 3 staking pools (aka, 1/6/12-Month Staking Pool)
Example:
If you stake tokens up to 12 months
Total Rewards =12 times of 1-Month staking pool rewards + 2 times of 6-Month staking pool rewards + 1 time of 12-Month staking pool rewards.
The chart below shows your staking rewards assuming that $MSET token sale goes smoothly and MEGASET’s Hard Cap is reached, and 100% of the circulated tokens are staked in the staking pool.
(P/S: the less the total tokens in the pool, the more rewards received per token)
When can I unstake my tokens/ redeem them?
You can unstake your token anytime. There is no penalty if you unstake your tokens before its maturity. You will not lose any of your principal. However you will also not receive any staking rewards even for the period you had staked initially. Your staking start day counter resets when you unstake and restake your coins.
How long does it take to receive my unstaked tokens?
Redemption requires 1 day to unlock.
Are my rewards guaranteed/ will my rewards fluctuate as the price of $MSET fluctuates?
Yes, MEGASET guarantees rewards to users. The price fluctuations of $MSET is irrelevant to the amount of staking rewards you will receive. Staking rewards are distributed from the MEGASET ecosystem fund and will not be affected by market price fluctuations. Staking rewards to be distributed are also already earned profits by MEGASET. Meaning MEGASET already has the funds before depositing it into the respective staking pools.
Make sure you follow MEGASET on social media for latest updates.
Megaset Official Website : https://www.megaset.io
Reddit : https://www.reddit.com/r/MegasetOfficial
Twitter: https://twitter.com/MegasetOfficial
Telegram Announcements : https://t.me/MegasetOfficial
Whitepaper : https://docs.megaset.io
