We are pleased to announce that Kommunitas (KOM) staking will be available on BitMart Staking starting from October 1, 2021. Through BitMart, every user can stake KOM and earn up to 90%(APY) KOM rewards.
I. How to Participate
KOM Staking is available to BitMart registered users only.
Deposit at least 100,000 KOM into your BitMart KOM wallet.
Starting from 2021/10/01, BitMart will begin taking live snapshots of user KOM balances.
KOM Staking distribution will be calculated as follows:
KOM generated by each user = Total KOM staking rewards received by BitMart * User KOM holdings ratio.
User KOM holdings ratio = Average user KOM holdings / Average total KOM staked by BitMart.
III. Staking Rewards Distribution
The initial distribution of KOM staking rewards will be calculated each month, the first session is from 2021/10/01 to 2021/10/30, with the total amount distributed equally to the staking rewards accrued during the period.
KOM rewards are calculated daily and distributed monthly. Distributions will be completed before the 9th of each month.