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Time-based investment and bond finance tools have been around for years in the world of traditional finance (TradFi), with the recent move to blockchain, replacing centralized banking institutions with decentralized, code-based protocols. increase. These new technologies will revolutionize the financial model, enabling additional functionality and flexibility for the first time.
REX is a decentralized blockchain-based cryptocurrency. It utilizes smart contracts to provide a highly rewarding and flexible time-based investment and bond finance tool. Specifically, the REX smart contract offers a native investment option called ‘staking’. In other words, you lock tokens for a period of time to earn rewards. It is comparable to fixed deposits or certificates of deposit (CDs) in traditional finance, but with more flexibility and greater returns.
In Crypto Speech, REX is a staking token, so participants buy REX and stake it over time to earn more REX. The additional REX a staker earns comes from his new REX being created daily, thus increasing or expanding her REX supply over time. The supply of REX tokens will increase by 12.9% annually. This inflation is created by the contract and distributed to the stakers.
Staking tokens are nothing new to decentralized finance. Tokens with basic staking functionality already exist, like the cryptocurrency HEX, with a market cap of over $50 billion and staking proving to be a worthwhile investment option. increase.
Compared to such basic staking tokens, REX smart contracts offer advanced and extended staking capabilities unprecedented in decentralized finance.
For example, REX allows you to name stakes (to track their purpose), split stakes (for example, in case of divorce), transfer active stakes to another address (for example, as a gift), You can also pull it out. Stake rewards already earned while stake is active (no need for early emergency termination). Users can either choose to cancel (stakes can be terminated early and users can withdraw staking rewards before maturity) or irrevocable (stakes cannot be terminated early and users can withdraw staking rewards before maturity). You can also choose to create stakes as ) increase the Annual Percentage Rate (APR).
We also introduced REX The concept of booster tokensTREX and MREX allow users to increase APR by up to 50%.
Another example of REX innovation is Active Stake’s new native decentralized exchange (DEX). Users can buy and sell active stakes on this built-in exchange without using third parties or intermediaries. This is a first for the decentralized finance (DeFi) space. This makes REX STAKE itself a virtual currency, opening up new possibilities for users and potentially serving as a role model for DeFi.
To ensure the highest level of long-term security for its users, the REX smart contract has been audited three times by industry-leading audit firms such as CertiK and Solidity. finance.
Visit rex.io You can check the details or use it as a starting point for further investigation.