https://imgur.com/5jkRcTe

BEX is now an ERC 20 token!

Bex Contract Address 0xedbbB686A3B2Ee4134B88EbBD788CA16E1f733aB

Total Supply- 21 Million

BEX is currently listed on Binex Exchange and will be listed on other exchanges gradually.

Introducing BEX Staking Wallet -

BEX Staking Wallet is specifically designed keeping the Proof-of-Stake concept in mind, where users can stake BEX and earn daily rewards in TUSD.

Staking is holding tokens in a specific staking wallet for rewards, similar to the deposit and interest concept.

Staking BEX tokens in BEX Staking wallet entitles the user to 70% of trade commission revenue generated on Binex Exchange.

Users are rewarded TUSD for the staked BEX tokens daily.

Provides High-end security for user funds.

Simple Staking process -

Step 1- If you are a smartphone user, kindly search for BEX Staking Wallet in the Google Play store and install the application. We will release the web version of the wallet on bextoken.io in future.

Step 2- The user has to login on the BEX Staking Wallet using the Binex Exchange credentials. Incase, the user is unable to login using the binex exchange credentials, they can click on forgot password and reset their password.

On the initial login, if the user has an account on Binex Exchange, their BEX token balance will directly reflect in the staking wallet. Users can then deposit more BEX or withdraw BEX from the wallet. New users need to sign up on BEX Staking Wallet to deposit / stake BEX.

BEX withdrawals from staking wallet are made via Blockchain ( Network Fee will be applicable )

Note: Users with zero balance in the Binex Exchange wallet need to sign up and create a new account on BEX Staking Wallet.

Step 3- Payouts will be credited to the users account from day one for the BEX tokens held in the staking wallet. Staking rewards will be distributed daily in TUSD to the users, and users can also withdraw the TUSD earned.

Step 4- Initially, users can withdraw BEX to Binex Exchange for trading purpose or can hold BEX in the staking wallet to receive daily payouts.

Step 5- Every subsequent BEX token that the user deposits in the staking wallet will have a lock-in period of 7 days, which means that the user cannot withdraw those tokens before 7 days. All the tokens that have not completed the 7 days lock-in period will reflect under the Blocked balance section.

Kindly refer BEX Staking wallet User Guide for more detailed guidance on the app.

Earn more with the BEX

Earlier, the BEX payouts were distributed among 21 Million BEX tokens and then credited to the holders on the basis of the number of BEX they hold. In the new distribution mechanism, only the BEX tokens staked in the staking wallet will earn a payout.

For example, if only 10 million BEX tokens are staked, then 70% of the trade commission will be distributed only among the 10 Million staked coins. User will earn a share in the payouts based on the number of BEX tokens staked in his wallet.

Feel free to contact us Help & Support for further queries and details.

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