IBEx is involved in securing the future POWER blockchain, the "Civichain". This allows POWER holders to participate in a pre-staking program resulting in a return over a one-year period. Rewards will be distributed once the 12-month period is over.

You have until 30/9/2022 to submit your tokens for prestaking without incurring a deposit penalty:https://ib.exchange/termdeposit

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2 pre-staking programs are available. The second one is more performant but also more restrictive.

Term Deposit Pre-staking node 1 (30% APR)

• at the end of the 12 months, you receive 30% of the amount of your participation as a reward,
• you lose the totality of this reward in case of early exit but your capital is not impacted.

Ex: for 100 POWER locked during the period, 30 POWER will be received as a reward, i.e. a total of 130 POWER. In case of exit, you will get back your 100 POWER.

Term Deposit Pre-staking node 2 (20% Fees, 75% APR)

• at the end of the 12 months, you will receive 75% of the amount of your participation as a reward
• 20% of your starting capital is deducted for destruction on the day of your subscription.

Ex: For every 100 POWER immobilized over the period, 20 POWER will be deducted from the investment. If you go to the end of the deposit period, you will receive 140 POWER. In case of early exit you will only get back 80 POWER out of the 100 initially deposited. 

How to pre-stake?

You will need POWER tokens to participate.Click here to read the article about how to make a deposit on IBEx.

If this is your first time using the platform, please read this tutorial : First steps on IBEx platform.

Once onhttps://ib.exchange/termdeposit, click on the STAKE button then fill in the amount in token to be staked. 

Recover all your staked POWER by clicking on the red UNSTAKE button. Staked tokens will be automatically unstaked once the 12 month period is over.

How to buy POWER tokens?

On IBEx:

You can buy POWER tokens on IBEx, via our marketplace:https://ib.exchange/marketplace

Readthis article to learn how to respond to an offer on IBEx.

In order to purchase an asset, you must first have deposited the counterparty on IBEx.

Click here to learn how to make a deposit on IBEx.

On PancakeSwap:

If you can't find the perfect deal on IBEx, you can also buy POWER tokens against BUSD on the decentralized exchange of the Binance Smart chain, PancakeSwap.

https://pancakeswap.finance/swap?inputCurrency=0xe9e7cea3dedca5984780bafc599bd69add087d56&outputCurrency=0x8ce7fc007fc5d1dea63fed829e11eeddd6406dff

Then, you will need to deposit your POWER tokens on IBEx before placing them in a pre-staking program.Click here to learn how to make a deposit.

Glossary

Staking

Staking is the act of immobilizing a crypto-currency in a smart contract in order to participate in the operations that take place on a blockchain. Staking is an alternative function to mining in the sense that they reward users who participate in securing a decentralized network. You will thus store your cryptos while benefiting from advantages.

TVL

Annual return applied on the staked amount.

Hard Cap

Maximum stakable amount for this term deposit.

Deposit opened at

Date and time of opening of the deposit.

Deposit closed at

Date and time of closing of the deposit, it will be impossible to participate after this date.

Earnings started at

Date and time of the start of the reward calculation.

Earnings stopped at

Date and time of the end of the reward calculation.

Non refundable deposit fee

Percentage of fees at the time of filling (within the time limit).

Breaking terms

Condition applied to rewards in case of unstake (when possible).

Rewards

Amount of rewards accumulated. Distribution will take place at the end of the staking period (when earnings stop).

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First steps on IBEx platform

Connect a wallet to your IBEx account

Sell - Create an offer on IBEx

Consult your balance and transactions on IBEx