Introducing CosmicX’s Warp Drive Loyalty Reward System:
CosmicX proudly presents Warp Drive, an unparalleled loyalty reward system that sets us apart from other platforms. By staking equal pairs of supported tokens, users have the opportunity to earn BNB dividends. These dividends are generated through a carefully crafted combination of investments and taxes, ensuring a sustainable and rewarding experience.
Depending on the pair selected for staking, users can access lock cycles that significantly impact their daily returns in BNB. The lock cycles allow users to earn daily rewards ranging from 1% to 3%, offering a lucrative opportunity for maximizing their earnings.
Flexibility in Withdrawals and Taxation:
CosmicX provides users with flexibility when it comes to withdrawals. Should users wish to prematurely withdraw their locked amount and accrued rewards, they have the option to do so. However, please note that a tax of 25% will be applicable to such premature withdrawals.
On the other hand, if users decide to withdraw after the completion of the lock cycle, the withdrawal will be taxed at the normal rate of 0.16%. This incentivizes users to consider the lock cycle duration carefully and make informed decisions about their withdrawals.
Longer Duration for Better Returns:
The Warp Drive feature offers additional benefits for users who choose to stake their tokens for an extended duration. By opting for the full 4 lock cycles, users can enjoy a maximum daily reward rate of 3%, as opposed to the standard 1%.
Let’s consider an example: If a user stakes $1000, evenly distributed between the COSMIC-BNB pair, they will receive a daily compounded reward of 1% based on the pair’s value throughout a lock cycle of 45 days. At the end of this lock cycle, the total accumulated value will be converted to BNB, taking into account the withdrawal date’s rate.
For those who opt for the full 4 lock cycles, the earnings obtained after the initial 45-day staking cycle will remain locked and continue to compound for three more lock cycles. The reward rates for these additional lock cycles are as follows: 1% for the first lock cycle, 0.5% for the second and third lock cycles, and 1% for the fourth lock cycle, resulting in a cumulative total of 3%.
Exact Statistics and Taxation Details:
- Maximum Lock Cycles: 4 cycles
- Duration of Each Cycle: 45 days
- Cycle Return Percentages:
- Cycle 1: 1% per day
- Cycle 2: 0.5% per day
- Cycle 3: 0.5% per day
- Cycle 4: 1% per day
It’s important to note that the reward rates are cumulative. For example, upon entering the second cycle, users receive 1.5% per day (combining the 1% from the first cycle and the additional 0.5% from the second cycle), and so on, up to a maximum of 3% per day for the full 4 cycles.
In case a user chooses to withdraw funds during a cycle, the cycle will be interrupted prematurely, and the user will need to start from the first cycle again.
Key Details:
- Compound Rate: Daily
- Reward Token: BNB
- Premature Withdrawal Tax: 25%
- End Cycle Tax: 0.16%
At CosmicX, we strive to provide our users with a rewarding and flexible staking experience, ensuring attractive returns while giving you control over your investment decisions.
