OXStake – The Offer of Different Plans for Crypto Earning Collection
Staking and yield farming on DeFi networks are popular options for medium- to long-term crypto traders. All services and tools based on blockchain for currencies and smart contracts are called "DeFi," a catch-all word for "decentralized finance."
Today, our focus is on OXStake, a newcomer to the DeFi space with well-defined goals. In order to provide you with a way to profit from the cryptocurrency market in the long term, the team has devised a multi-chain system.
Discovering OXStake: How Does it Work?
Investors that like to employ fast and convenient blockchains like Fantom, Polygon, and Avalanche (to mention a few of the alternatives) can benefit from OXStake's cross-chain farming service.
Fantom was the first system used by the team at launch, but more blockchains are coming, judging from the project’s ambitious plans. Passive revenue may be generated by putting FTM tokens up for staking.
Investment Plans for Different Risk Levels
The team has devised various ways for you to join the OXStake system to draw in a larger pool of investors. Locked and unlocked programs belong to two different types of software, as we explain below:
- Unlocked: With these plans, you are allowed to take your profits before the conclusion of the investment plan and apply a simple rate of interest regime.
- Locked: You can't get your money back before the conclusion of the investment plan if you use an unlocked program, but you can enjoy the perks of compounding earnings.
The categories above have three plans, with the promise of 10%, 9%, and 8.5% daily returns on different timelines (14, 21, and 28 days). The main difference is given by the compound interest mechanism, as we see below:
- Fourteen days: a simple interest rate of 10% is equal to a promised return of 140% (“Standard Plan”), while the compound interest can hit the 279.70% level (“Gold Plan”).
- Twenty-one days: if we apply the simple interest rate of 9%, we reach 189% (“Classic Plan”), against 510.90% if we compound the earnings (“Diamond Plan”).
- Twenty-eight days: The highest tier promises a daily return of 8.5%, which can be used in a simple interest rate framework to earn 238% (“Premium Plan”), or in a compound interest rate system to hit the 881.80% threshold (“Emerald Plan”).
Looking at the Bigger Picture
The OXStake market concept has several elements that need to be considered.
Deposit and withdrawal cycles and restrictions have been put in place to prevent whales from participating in this process. If you don't withdraw every day, you'll get extra money, with increases equal to 0.025 percent every hour. Users will opt out of receiving these advantages when withdrawing funds.
OXStake guarantees a steady stream of profits in the long term. You can reinvest your earnings if you want, and compounding investments can result in an up to 881% return, as mentioned previously. The project’s locked and unlocked plans, as previously noted, offer different market opportunities.
The Referral Program
The project's success hinges on its ability to gain the confidence and support of its users. The team will have a policy for rewarding people who help spread the word about the project.
Specifically, the referrals are divided into three levels, which can obtain 1%, 3%, or 7% benefits.
Auditing and Security
Solidoroof has independently audited OxStake smart contract. The audit report is accessible for anybody to read and review.
The project's certified smart contract is 100% immutable, meaning it cannot be modified after being put on the blockchain. This strategy takes a step toward promising investors' safety on the market.
As a last relevant point, there is no additional action required from the user until the conclusion of the deposit period, when the incentives are accumulated and updated.
Key Takeaways
New initiative OXStake aims to differentiate itself in the crypto passive income market by offering a unique product. The referral program is a system designed by the team to boost its community’s growth. Investors with varying risk tolerances may join the available unlocked or locked investing options.
Important information is accessible to the community via the team's social media platforms (Twitter and Telegram) and website.
