Stake Mechanism for $LEGS TokenBitKan Has Listed STEPN (GMT) For Spot Trading
April 13th, 2022

We have created a staking mechanism to both increase the value of LEGS token and distribute rewards to LEGS holders. Those who stake a certain amount of LEGS tokens will be rewarded with LEGS tokens accumulated in the Legs PoolDear BitKan Users,

BitKan has officially listed STEPN (GMT) for spot trading. You may trade the coin on BitKan now.

Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that BitKan is not responsible for your trading losses.

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15% of income from Coinlegs Signals Market Place are accumulated within Legs Pool. In order to obtain the LEGS tokens accumulated in this pool, you need to stake a min. 10,000 LEGS tokens in this pool

You need to have minimum 10,000 LEGS token to stake in Legs Pool. In this pool, 4 different staking durations have been determined. Two coefficients are used in calculating the rewards to be obtained at the end of the period. One of them is the duration based coefficient and the other is the coefficient determined according to the amount of staked LEGS

When you unstake the LEGS tokens, the reward rate is obtained by multiplying the coefficient from the duration with the total amount of LEGS you have staked. For example, if you stake 20,000 LEGS tokens for 12 months, your reward rate will be 2.0 x 20,000 = 40,000

When you unstake, the reward rates of all users who stake at the same time as you will be calculated then you will be rewarded with LEGS tokens according to the reward rate you have

50,000 x (40,000 / 1,200,000) = 1,666 LEGS

If you cancel staking before end of the period, Your LEGS tokens are transfered to your Coinlegs wallet but you cannot get reward

Learn more about Coinlegs

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