Frequently Asked Questions
What is staking?
Staking is the process of holding funds to support the operations of a blockchain network through a reward-driven process.
When does interest calculation start?
The interest will be accrued at 00:00 one day after the user subscribes (HKT).
When does profit distribution start?
The profit will be issued two days after subscription(HKT) on a daily basis.
Why do different projects take different time to complete redemption?
As staking is conducted on the blockchain, the token redemption time varies according to the blockchain's consensus mechanism.
What happens if I redeem a term deposit product in advance?
Suppose you initiate a premature withdrawal in a term deposit. In that case, our system will deduct all the profits you obtained from the order, but there will be no loss of your principal.
What happens after your term deposit product reaches its maturity?
After reaching maturity, if there is a flexible term product, the term deposit product will be automatically changed to a flexible term product to earn profits. If there is no flexible term product, it will be automatically redeemed.
What happens if I redeem a fixed-term deposit earlier?
You can redeem your assets anytime. But if you do this before the fixed term of your offer ends, you’ll lose all the earned interest. Already redeemed and distributed interest will be deducted from your initial staked amount when you redeem it.
Do I need to redeem assets manually after the term ends?
It depends. Fixed-term subscriptions turn into flexible-term subscriptions upon expiration if possible. You need to redeem assets manually if you don’t want this subscription to continue. If there are no flexbile-term alternatives, fixed-term subscriptions redeem automatically.
Can I still earn once I confirm redemption?
No. Interest calculation stops once you confirm redemption, so you won’t earn interest after it.
How to choose the best staking crypto offer?
You can find all the best staking crypto offers in our Staking product. Compare assets, est. rates, terms and potential interest to find offers that suit you the most. Remember to always do your own research before staking your crypto anywhere. We only help with staking process, but you’re solely responsible for any consequences of your investment decisions.