ETH 2.0 is the upgrade to the Ethereum network that promises, among other things, to improve scalability, efficiency and sustainability of the network without sacrificing security and and its nature of decentralization. The ETH community aims to achieve this with several phases and a series of upgrades. Now the Ethereum Merge is ongoing and once that is done , the consensus mechanism of ETH will be upgraded from PoW to PoS.

Staking refers to lock up tokens in a specific cryptocurrency wallet for a period of time and bear interest on the locked tokens. BitXToken Staking includes PoS tokens and non PoS tokens, and the sources of income are various, included but not limited to the on-chain staking rewards, interest compensation, marketing activity plans, etc.

We will transfer the amount of the staked cryptocurrency from your spot wallet to your earn wallet.

Your crypto assets will be staked on the chain or other financial management activities, and the staking rewards will be calculated.

For flexible staking products, the purchased products will start to generate income on the second day after the subscription date, and the income will be released to your spot wallet within 2 hours after 12:00 noon of the next Hong Kong time, and the income will be released on a daily basis until the principal is redeemed back. For fixed staking products, the total rewards need to be calculated according to the corresponding product period, and will be released to your spot wallet together with the principal within 2 hours after 12:00 noon Hong Kong time on the next redemption date.

In BitXToken Staking, with one-click stake, you can choose from dozens of cryptocurrencies like ADA, SOL, MATIC, and so on.

Flexible staking products can be redeemed at any time while fixed staking products do not support early redemption.

BitXToken will not take any fees from staking rewards. We hope that the interests of users will be maximized, and all rewards generated by staking will be shared by users.