xFutures Announces FTM Staking for the Fantom Community

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xFutures.io Staking Event Deadline

We are extremely excited to announce our first project to join the staking program!

Fantom is a top tier project that is building a platform consisting of a fast, scaleable, and secure DAG-based distributed ledger using aBFT principles to achieve consensus, and a new verifiable compiler and register-based virtual machine for smart contract execution.

As apart of our $1,000,000 staking, we’re opening up a special staking session to holders of Fantom. Please read the details of our staking events here as they are still applicable: https://support.xfutures.io/hc/en-us/articles/360007035880-xStaking-Event-to-Distribute-up-to-1-000-000-XFT

  • Each person can stake up to a maximum of 120,000 FTM
  • Minimum amount is 12,000 FTM
  • The FTM / ETH peg is 1 ETH = 12,000 FTM meaning if you stake 120,000 FTM you will get the same reward as if you staked 10 ETH
  • Only FTM holders can stake during this exclusive period
  • “Early Staking Bonus” for FTM holders to stake at this time is 30%, which is only available for FTM stakers
  • Deadline to stake is Thursday midnight UTC (July 11th 2019)

To get a sense of how much in XFT you might receive for staking your FTM, let’s take a scenario where:

  • 5,000 ETH worth is staked in total
  • Average staker stakes for 2 events
  • Average staker receives an early bonus of 20%
  • You stake 120,000 FTM
  • You stake for 3 events

In this case you would receive the following depending on the average price of XFT. Currently, we are pricing XFT at $0.001.

XFT Price Reward Value
$0.001  $2,607
$0.002 $5,213
$0.003 $7,820
$0.004 $10,426

Remember, you can withdraw your FTM at any moment before the staking is up, the only thing you give up is your XFT reward.

Note / Legal Disclaimer: The above is not a guarantee and the price of XFT could be zero.
Next Steps

1) Join the xFutures Telegram group (required to stake)

Join the Group & introduce yourself here:

Telegram Group   

Join the Channel here:

Annoucement Channel   

2) Read about our staking program to understand the details:

https://support.xfutures.io/hc/en-us/articles/360007035880-xStaking-Event-to-Distribute-up-to-1-000-000-XFT

3) Create a xFutures account & stake FTM by following the steps here:

https://secure.xfutures.io/staking/

Once your FTM is deposited, your lowest FTM balance over the entire staking period will be used to calculate your final reward.

Make sure you fill everything out correctly. Any errors when submitting your email address in case it does not match your xFutures email address or if you input your deposit address incorrectly will result in you not being eligible for the staking rewards.

Happy staking and a warm welcome to the Fantom Community!

-xFutures

FAQ

If I already staked ETH in another round, can I also stake FTM?

Yes, you can stake up to the ETH cap and also the FTM cap.

Do you have a link to the post where Fantom officially announced the staking program?

https://medium.com/fantomfoundation/fantom-joins-the-xfutures-ecosystem-ftm-to-be-used-in-the-xft-lockdrop-8ef1b9ff383d

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