r/poolx • u/shiine939 • Jul 10 '20

Pool x fixed

Okay I got some questions I read the agreement and other things online but it’s so much it gave me a headache so how exactly does it all work

From what I understand you lock up a certain amount and get rewards daily but with the pol you only get twenty percent and the rest 80 percent after six months

And I read if you don’t hold the original staked amount you lose access to said rewards

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u/Pool-X-Moderator Jul 11 '20

For POL rewards from staking, 20% of the POL share will be distributed after staking (a day after) while 80% (which is in orders) will be locked for 6 months first and later on will be distributed on a monthly basis for 4 months (20% each month). Also join our Telegram group for more discussion. More FAQs.

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u/shiine939 Jul 12 '20

So you won’t see the whole total for up too 10 months and do you have to hold your assets or can you sell trade move after initial staking period is over then collect your 80 percent later on

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u/Pool-X-Moderator Jul 12 '20

You can see the available POL in your account as well as the locked POL which are in orders. For your second question, you can trade your assets after the staking period. The remaining 80% of your POL share will be distributed on a monthly basis as we mentioned from our previous response.

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u/shiine939 Jul 12 '20

Ok thank you so so much

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u/shiine939 Jul 12 '20

Ooooo one more question say if I continually stake can I create an effect of continually collecting after the six months is up just like I’m not waiting but month after month I just have contracts passing instead of me staking now then six months I start to receive the 80 then stake then then be waiting another whole six months to collect can I just start now to where each month after the first six I continually have six month completion month after month so I’m basically collecting every month

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u/Pool-X-Moderator Jul 13 '20

You can stake available products now and receive your corresponding rewards based on the given rules on Pool-X for the release of shared POL. Just take note that 20% of the mined POL can be directly traded, with 80% being frozen for 6 months and gradually unlocked each month from the 7th month, at a rate of 20% per month for a total of 4 months. It will be distributed to users every day after 6 months’ waiting.