How To Stake?
Disclaimer for SNX Stakers
Dear Stakers, Before proceeding with staking your SNX tokens, we highly recommend reading this disclaimer carefully. Our staking contract has been meticulously designed to ensure the utmost comfort and security for our users.
Staking Rules:
Minimum Staking Amount: There is no minimum requirement for staking SNX tokens on Syncronix. You have the flexibility to stake any amount of SNX tokens you possess, allowing for participation regardless of token holdings.
Lock-up Period: When you approve staking of your SNX tokens, you agree to lock them up for a period of 30 days. During this time, your staked SNX tokens cannot be transferred or traded. This lock-up period enhances the stability and security of the staking ecosystem, ensuring a consistent and reliable staking experience for all participants.
Early Unstaking Penalty: Opting to unstake your SNX tokens before the completion of the 30-day lock-up period will result in a penalty fee of 10-15%. This penalty discourages premature unstaking and encourages participants to honor the agreed lock-up duration. By adhering to the lock-up period, participants contribute to the overall stability of the staking protocol and help maintain its integrity.
How To Stake?
To begin staking your SNX tokens on Syncronix App and start earning rewards,
Follow these simple steps:
Go to the SNX dApp: Visit the official Syncronix platform on the SNX dApp:
https://app.syncronixlabs.org
to initiate the SNX staking process.Connect Your Wallet: Ensure you have a compatible Ethereum wallet such as MetaMask or Trust Wallet, and connect your wallet to the Syncronix App to enable seamless interaction with the staking contract.
Enter Staking Amount: Input the amount of SNX tokens you wish to stake in the designated field. Ensure the amount aligns with your staking preferences and investment strategy.
Approve Staking: Navigate to the staking section on the Syncronix platform. If you choose the percentage box for how much you want to stake or manually enter the amount, and if MetaMask shows your balance, we recommend clicking "MAX." This action allows the contract to determine the number of SNX tokens to stake, rather than staking your entire balance.
Confirm Staking: Once you've entered the desired staking amount, confirm the transaction through your connected wallet. Upon confirmation, your SNX tokens will be successfully staked, and you'll promptly start earning rewards based on the predefined staking parameters.
We prioritize transparency and user satisfaction, and these rules are in place to safeguard the interests of our community members.
Please note: If you wish to increase your staking amount, you must withdraw your current stake and claim your rewards first.
Ensure you're certain about the amount of SNX tokens you wish to stake before proceeding.
If you have any further questions or concerns, please don't hesitate to reach out to us.
(supportsyncronix@syncronixlabs.org
)
Be cautious of circulating fraudulent links. The authentic primary dApp link for our platform is (https://app.syncronixlabs.org), and the email domain for SNX support is supportsyncronix@syncronixlabs.org
.
Before proceeding with staking, it is essential to thoroughly review and understand the staking rules outlined above.
Happy staking, and thank you for your participation in the Syncronix ecosystem!
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