When is the fee rebates of Holder and Staker distributed? How is the amount calculated?

The fee rebates for Holder and Staker are settled once per day. Calculated daily at 00:05 (GMT+8) based on previous day’s trades. The settlements starts daily at 00:35 (GMT+8), and is expected to be completed within an hour (before 01:35 GMT+8).


Staking Power formula:

 [MAX Token balance * 1 + (stake A * (1 + stake A's aging boost) + stake B * (1 + stake B's aging boost) + .... ) * 5 ]


Holder and Staker are rewarded from the pool of 30% of trading fee received in the previous day based on the ratio of each individual staking power over total staking power.


For example:

Scenario 1

Assume 1 USDT = 1 MAX Token

Reward for HOLDER and STAKER is 60 MAX Tokens ( (Buy Fee 50 USDT + Sell Fee 150 USDT) * 30% * 1 = 60 MAX Tokens)


Scenario 1-1

Assuming: The pool of reward contains 60 MAX Tokens in total, the staking power of user A, B and C accounts for 20%, 30% and 50% of the total staking power. The fee rebates for each A, B and C users will be 12 MAX Tokens (60 * 20%)、18 MAX Tokens (60 * 30%)、30 MAX Tokens (60 * 50%).


Ageing Boost Related links

https://max.maicoin.com/max-token#staking


Did you find it helpful? Yes No

Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.