Dear BitForex users,
We are delighted to announce our upcoming ETH 2.0 Staking Service to allow users to chip in smaller portions of ETH towards a Validator, and receive a proportionate reward based on their contribution.
The details for BitForex ETH 2.0 Staking Service are as below:
- Event participation time: November 30th 21:00 - December 11th 21:00 (GMT+8)
- Total activity: 320ETH
- Conversion ratio: 1ETH=1.02 ETH2 (the official conversion ratio is 1:1)
- Minimum participation: 0.1ETH (official verifiers need to pledge at least 32ETH)
BitForex platform will open the trading page for ETH2/ETH at a fixed price. Users use ETH to exchange and obtain ETH2. BitForex will participate in the ETH2 node validation. The obtained validation profit will be distributed to the participants' account according to the proportion of the BitForex Pool they contributed. Holding ETH2 on the platform can obtain validation profit or can also be withdrawn at anytime.
Validator cost: According to the official calculation cost of the beacon node and the Validators, it is roughly estimated to be $120 per year. This cost will be borne by the platform, and 100% of the revenue obtained by the node validation will be issued to the user.
Risk Warning: Cryptocurrency trading involves significant risk and may cost your invested capital lost. Please make sure that you fully understand the risk involved and take it into consideration your level of experience, investment objectives, and seek independent financial advice if necessary.