Dear OpenEX Community:
We are excited to announce a redesign of our staking rewards smart contract! With this update, tokens allocated for community staking rewards (30% of total supply) are now locked and will be released linearly according to our token economics. This ensures fair and transparent distribution of rewards over time.
Our new staking rewards system allows users to stake tokens for different periods of time, providing different annual percentage yields (APY) depending on the staking period. This flexibility enables users to choose a staking period that aligns with their investment strategy and market conditions. The system will be launched shortly after the TGE, so stay tuned on our Twitter for the release date.
For enhanced security, we have integrated time-locked smart contracts with the staking reward contracts. The management of these contracts is delegated to a DAO multi-signature wallet, ensuring that no single entity controls the funds. In addition, we have implemented contingency measures to quickly resolve any unforeseen issues that may arise.
The redesigned smart contract has been thoroughly audited to strengthen security. You can view the smart contract code on CoreScan via the following link:
[CoreScan-Time Lock Smart Contract]
[CoreScan-Staking Reward Smart Contract]
Thank you for your support and trust in OpenEX.
- OpenEX DAO
