Dear BigONE users,
BigONE has launched a decentralized mining pool BigProxy. Users can get EOS interest by pledging the EOS in their wallet to the BigONE proxy account.
Feature：
Compared with the traditional mining pool, BigProxy has zero risk. The assets are in the hands of the users, enter and exit free at any time, and the interest is settled daily.
How to Participate in
To participate in BigProxy, the users’ wallet needs to have EOS. After the EOS voting rights are delegated to BigONE through pledging, we will automatically purchase REX for the user. As a result, users can enjoy REX benefits in addition to EOS's pledging interest.
BigProxy supports three ways to participate in: 1. Desktop wallet; 2. EOS mobile wallet; 3. Command-line operations. For details, please see: BigProxy Participation Tutorial
Interest and Distribution:
To celebrate the event, by the evening of September 10th at 23:59:59 (UTC+8), the first 3 million pledged EOS will receive the industry's highest 6% fixed annualized rate of return. Subsequent pledged EOS will be settled based on actual interest.
Users participating in BigProxy will receive the previous day's interest every day. We will calculate the user's earnings every day at 10:00:00 (UTC+8) and distribute the interest to the users’ EOS wallet.
For example: If a user pledges 100 EOS at 23:00:00 (UTC+8) at night, then at 24:00:00 (UTC+8), the effective pledging time is only one hour. Thus, the effective pledging number is 4.17 EOS.
【Reminder】
1. If you cancel or replace the proxy midway, the interest will be reduced.
2. If the user's interest is less than 0.0001 EOS, it will not be issued.
3. According to the REX rules, after purchasing REX, it takes 72 hours for the user to sell.
4. According to the EOS main network rules, after a certain period of delegating vote, the corresponding voting weight will gradually decrease, and your node's interest will be reduced accordingly (By a rough estimate, 5% weight will be reduced every 30 days). To avoid revenue decrease, you only need to reconfirm the proxy vote at that time.
Thanks for your continuous support and love.
BigONE Team
August 28, 2019
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