MDEX launches Boadroom lockup function
To encourage users to hold MDX for long term, MDEX is now launching the brand new function of Boadroom lockup. MDEX team is also investing more funds and equities to reward active participants.
The specific Boardroom lockup rules are as follows:
1. The Boardroom lockup function now supports different lockup periods for the staking of the single token MDX, that is, users can choose to lock up their positions for current, 30 days, 90 days, 180 days and 365 days in the Boardroom single token staking pool easily.
2. Users can choose different lockup periods to obtain corresponding returns. The longer the lock-up period, the higher the income weights. That is, with the same amount of stakings, the lock-up income is more generous for longer lock-up periods.
3. Users cannot withdraw the principal during the lock-up period of the Board, but can withdraw the lock-up proceeds at any time.
4. After the lockup position expires, if there are unclaimed proceeds of the corresponding lockup, the contract will automatically transfer the proceeds to users’ wallet address.
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