Good day Every Steempepz!!!
For this blog, i'll be discussing some information about Ferrum Token (FRM) Staking in which we can determine as a savings account that offers constant time-based returns based on staking time that a user have, in other words, this means that if a user stake longer, a bigger reward will have.
Ferrum Token (FRM) Staking has several characteristics as follows:
1. Pool Based - it is participated with many contributors in each staking contracts.
2. Flexible - a user has different options to make, either withdraw early, stake until full maturity, or withdraw somewhere in between.
3. Strategic - means, the longer you stake the bigger reward you will received. If other participants withdraw early, you will received a portion of their reward.
Here are the 3 Staking Pool FRM Staking offered:
Platinum Staking Terms
- Rewards: 30% annualized
- Full maturity: 365 days
- Early withdrawal starts: 182 days
- Early withdrawal rewards start at: 8%
- Pool size: 5 million FRM
- Time period to contribute: 7 days
- Minimum amount staked: 5000 FRM
Gold Staking Terms
- Full Rewards: 10% annualized
- Full maturity: 180 days
- Early withdrawal starts: 90 days
- Early withdrawal reward start at: 4%
- Pool size: 3 million FRM
- Time period to contribute: 7 days
- Minimum amount staked: 5000 FRM
Diamond Staking:
- Rewards: 50% annualized
- Full maturity: 547 days
- Early withdrawal starts: 274 days
- Early withdrawal rewards start at: 12% annualized
- Pool Size: 1 million FRM
- Time period to contribute: 7 days
- Minimum amount staked: 5000 FRM
"early bird catches the worm. ... One who arrives first has the best chance for success, as in She's always the first one in line and does well at these auctions—the early bird catches the worm!"
-a quote and meaning from Dictionary.com