OXStake Announces the Launch of a New Way to Stake Cryptos
OXStake is entering the blockchain industry with a new competitive offer to change the way investors earn crypto passive income. The project has already launched on the Fantom (FTM) blockchain, and it plans to enlarge its chain coverage soon.
As we explain in the following sections, the project was already able to announce several appealing features through its social media channels.
The OXStake Offer
OXStake wants to catch the investors’ attention with a clear message. By joining the platform, it will be possible to earn cryptocurrencies at any moment, with no time restrictions on withdrawals (unless you capitalize interest: in that case, you’ll only be able to withdraw after the end of your deposit).
The team has announced the launch of a system providing traders with a sustainable and fixed daily interest over time during the project’s lifespan. OXStake offers different plans that come with different promised returns each day, depending on the risk you are willing to take.
Moreover, the project promised a 0.5% basic interest rate daily increase (or, if you prefer, 0.025% each hour) for new deposits on the system. OXStake does not limit maximum deposits, and it requires a minimum contribution equal to 10 FTM.
In terms of security, the project relies on an audited immutable smart contract, which means its code cannot be changed and cannot lead to balance withdrawals.
Concerning fees, the cost of the deposit is equal to 5%, while each transaction comes with a 7% insurance fee. Combining these two revenue streams should help the project endure long-term.
Entering the OXStake System
The team shared a quick guide to explain to investors how to join the OXStake system:
- Step 1: download and install the MetaMask extension for your favorite browser.
- Step 2: make sure you add the Fantom network to the extension.
- Step 3: transfer FTM to the wallet address you see on MetaMask. At this point, you will need to double-check that the system you are using to send FTM actually uses the Fantom network.
- Step 4: you are now ready to open the OXStake website and connect your MetaMask wallet.
- Step 5: the “deposit amount” functionality will let you fund your account, and the “invest” button will allow you to enjoy the services offered by this project.
Using fast and inexpensive blockchains like Avalanche, Fantom, and Polygon, OXStake leverages a cross-chain high-yield farming software to attract investors.
The first blockchain that the team targeted for its launch was Fantom. Fantom users may generate passive income by staking their FTM tokens, which are paid out in more FTM to the staking wallets.
Apart from the features mentioned above, the team promised the market the creation of an active community, a referral system with awards, and a contest for all the creators on the platform, coupled with competitions and random drops.
The project’s community is growing, and besides its official website, the readers can visit the OXStake social media pages below to find more information on this initiative.
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