All you need to know about staking FXF Tokens.

Staking is an easy way to earn a guaranteed yield in a world in which passive income is hard to come by. Staking consists of the act of having cryptocurrencies locked up for a fixed duration to get rewards. For investors already holding FXF for the long term, staking is a simple way to increase returns.

FINXFLO will launch its staking feature on 8 Sep 2021. Here is a step-by-step guide to staking FXF Tokens:

Note that all the data indicated in the screenshots shared below is only for illustrative purposes and are NOT the final staking pools to be offered on 8 Sep.

Step 1: Go to https://yield.finxflo.com

You will see that there are different pools available for selection, depending on staking amount and tenure. Pools that are available for staking will have a “Start Earning” button, whilst the pools that have been filled up will show a “Fully Staked” button:

Connect your Wallet:

You can check that you have connected successfully to your wallet as shown on the top right hand corner of the screen:

Step 2 : Staking is a two-part process

Part 1: Approve
Part 2: Stake Tokens

Part 1: Approve

Select your pool to stake by clicking on “Start Earning” and a pop-up window will appear. Click on “Approve” to continue:

You will need to approve the request to link your personal wallet for the staking of FXF Tokens. Click “Confirm” to continue:

The transaction will then be initiated. The linking of your wallet for staking is approved once the transaction is successful:

Part 2: Stake Tokens

You are now able to input the number of tokens you wish to stake. Once you have input your staking amount, the total rewards earned will be shown below.
Click “Stake” to proceed:

Your staking is almost complete! Select “confirm” to initiate the transaction with the gas fees stated:

Wait for your transaction to be processed and it should be completed in a matter of seconds:

Step 3: Redirect back to https://yield.finxflo.com

The page will be refreshed and you will be redirected back to https://yield.finxflo.com. You will then be able to see how much you have staked in the chosen pool:

Step 4: Claim your staked tokens

Upon completion of staking duration, you can visit https://yield.finxflo.com to claim your staked tokens, along with the rewards by clicking the “Claim” button:

Upon claiming your tokens and rewards, you will see the staking pool completed card:

It’s that simple.

Here are some additional questions you might have:

  1. Can I stake my FXF Tokens that are on BSC and TRON network?

Staking is only on Ethereum network. BSC & TRON wallet holders will have to transfer to ETH using our bridge (https://bridge.finxflo.com) to participate in staking.

2. Can I stake directly from my FXF wallet on the FINXFLO trading platform?

You have to stake with us on yield.finxflo.com and connect to your personal wallet (refer to step-by-step guide above)

3. How will the APR be calculated?

We follow a simple formula to calculate the rewards that you are entitled to when you stake with us. Note that APR is non-compounding.

Reward tokens = (Number of tokens staked x APR(%) x Number of Days)/365

4. Is there an option for earlier withdrawal?

You will need to stake your FXF Tokens for the minimum tenure period. There is no early withdrawal of tokens.

Get your wallets ready to begin staking and earn rewards today!

FINXFLO is the world’s first cryptocurrency exchange aggregator and Defi protocol aggregator. It aggregates rates and prices from the world’s leading exchanges

FINXFLO is the world’s first cryptocurrency exchange aggregator and Defi protocol aggregator. It aggregates rates and prices from the world’s leading exchanges