FXF to Airdrop Affected Wallet Holders
We understand there have been several affected wallet holders staking FXF on MANTRA DAO’s platform during the first month.
As per our commitment to the community outlined by our CEO James Gillingham, Finxflo will honor the FXF rewards and provide an Airdrop to the affected wallet holders.
All affected wallets who have staked from the 11th of March until the 9th of April, for a minimum of 30 days, will receive an Airdrop by the end of the month.
The issue with the contract started on the 15th of March after the initial token pool was depleted. It has been confirmed, the rewards were working correctly from the 11th until the 14th of March.
To keep this process as fair and simple as we can, Finxflo will take 12% APY as the average and provide 1% rewards for the time between the 15th of March until the 9th of April.
MANTRA DAO would like to stress “We have looked deeply into both the FXF staking smart contract as well as the UI and can confirm, 100%, the current iteration of the staking pool is working exactly as it should. There is a surplus of FXF tokens in the pool, and the rewards pool will be monitored closely to assure that it doesn’t run dry.”
Additionally, “we’re looking forward to furthering our partnership with Finxflo by integrating the FXF token into our ZENTEREST money markets lending platform before the end of next week.”
We would also like to remind the community, you are free to withdraw at any time, however, you are at risk of losing the FXF rewards. An immediate withdrawal, without waiting for the 10 days release, will result in losing 10% of your staked FXF.
Please note wallet holders who withdrew before the 30 days will not be receiving the Airdrop.
About MANTRA DAO
MANTRA DAO is a community-governed DeFi platform focusing on Staking, Lending, and Governance. MANTRA DAO leverages the crowd’s wisdom to create a community-governed, transparent, and decentralized ecosystem for web 3.0. Built on Parity Substrate for the Polkadot ecosystem, MANTRA DAO gives financial control back to the people to store and grow wealth together.
Our mission is to create an industry-leading trading platform to facilitate multi-crypto exchange access and provide both retail and institutional investors with professional-grade tools and global best prices through a user-centric interface.
We believe in a cryptocurrency market built on the values of legitimacy and trust, fully accepted by, and accessible to, the mainstream population. We envisage a level playing field for all participants, with the best prices available to traders irrespective of their portfolio size and location, with market distortions and unfair trading practices eliminated.
Our proprietary smart ordering algorithm distributes orders across multiple exchanges and retrieves optimum buy or sell prices, reducing slippage from large orders.
Everyone on our platform gets access to our dark pool, allowing traders to swiftly move in and out of any trade without incurring any market inefficiencies. Importantly, this allows protection from front running!
All with just one account, one KYC, and one wallet!