HELP CENTER
Official Transition to Nimiq (NIM) On-Chain Staking
Publish on 2024-12-06
Dear Users,
To support the growth of Nimiq (NIM) project, AscendEX will make the official transition to Nimiq (NIM) on-chain staking after conclusion of the Nimiq (NIM) Pre-Staking Program, starting December 6, 2:00 p.m. UTC, 2024. Staking rewards will come from the block rewards of Nimiq validators. And the regular unbonding period will be also adjusted according to the on-chain unstaking period.
For the current participants of Nimiq (NIM) Pre-Staking, you can continue to earn staking rewards. No extra actions are required!
PC: Click here to participate in NIM Staking
App: Click [Staking] on the homepage to participate.
Please see Nimiq (NIM) Staking's updated rules and mechanism as follows:
| Nimiq (NIM) Staking | |
| Token | NIM |
| Reward Token | NIM |
| Minimum Delegation Amount | 5000 NIM |
| Maximum Delegation Amount | None |
| Reward Calculation Starting Time | T+1 Day |
| Reward Distribution Starting Time | T+2 Day |
| Reward Distribution Cycle | Every Day |
| Regular Unbonding Period | 7 Days |
| Minimum Undelegation Amount | 5000 NIM |
| Instant Unbonding | Supported |
| Instant Unbonding Fee | 3% |
| Staked Assets as Margin Collateral | Not Available Now |
| Compound Mode | Supported |
We truly appreciate your continued support.
The AscendEX Team
Website: https://ascendex.com/
Twitter: https://twitter.com/AscendEX_
Telegram Group: https://t.me/AscendEXEnglish
