ClinTex To Give Away 1 Million USD in CTi Tokens
Announcing CTI Single Asset Staking — 40% Yield!
Since the launch of the CTi token at the end of last year, ClinTex have been busy developing and preparing for the launch of the first CTi App — CTi-OEM, focused on using data analytics to enhance operational efficiency in clinical trials. As most of our community will know, the company’s initial plans were to run the final stage of our token sale as an initial exchange offering (IEO), but with the rapid progression of Clintex`s platform development, and as the softcap target was reached during the pre-sale stage, the strategy was amended and ClinTex moved to secure a listing on one of the most prominent cryptocurrency exchanges, KuCoin.
Since then, the token has experienced several surge episodes and the team have been humbled to see so much attention coming to the token recently, even while the platform is pre-launch.
With this in mind, ClinTex have been working on a distribution model for the tokens that were previously allocated for the IEO, while also rewarding the current token holders for their support and belief in the CTi project.
In recognition of their support and belief in ClinTex CTi, the team have now decided to reward token holders for their patience over the period of development while the platform is being prepared for launch, by giving away up to $1m USD worth of CTi directly back to the community!
$1m USD CTi Giveaway
We are proud to announce CTi Staking Rewards — an opportunity for CTi token holders to earn up to 40% Interest on their CTi, over six months.
18.5 Million CTi tokens will be distributed to all participants that take part in the CTi staking program due to launch on 1st April 2021.
As this is single asset staking so unlike most DeFi pools, you need only CTi to earn these high yield rewards. You just send your CTi to the staking pool, and once your selected staking term is up, you collected your capital plus your earnings reward. That’s it.
Rewards:
There are three options for staking rewards, one month, three months or 5 months, with the highest interest rewards going to the longest staking term.
For example:
1,000 CTi added to the 3 Month Staking Contract — on expiry after 90 days, you can withdraw/claim/redeem 1,210 CTI. (21% Earned)
1,000 CTi added to the 5 Month Staking Contract, on expiry (150 days), you can withdraw/claim/redeem 1,400 CTI (40% Earned)
There’s more…
Compound Staking
You will also have the option to ‘Compound’ your staking rewards for another term, meaning you will earn further rewards on your initial capital, plus the rewards already gained.
For example:
1,000 CTi added to the 1 Month Staking Contract — on expiry after 30 days, you have earned 1,060 CTI. Rather than withdraw, users have the option to Compound the 1,060 for another 30 days so that your first month’s rewards are now earning rewards as well, meaning after 60 days you can redeem a total of 1,236 CTI (12.36% Earned).
In the example above, a user has staked 100 CTI at the start. When they ‘Compound’ into month 2 — they can earn 12.36%. Continuing to compound right up to month 6, 41.85% is earned over their original stake.
Duration
The CTi staking program will run for 6 months, from 1st April to 30th September 2021.
This means it will run through the development and onto the launch of the first CTi App — CTi-OEM (Operation Excellence Module).
There will be no further rewards or distribution after that point, and ClinTex will be marketing the CTi platform into pharma (thus kicking off the deflating token supply model, and token burning mechanism (see whitepaper for more details)).
How Do I Take Part?
The CTi Staking App will launch on the ClinTex website — https://clintex.io . The exact URL will be announced closer to the launch date.
You will need a web3 cryptocurrency wallet to take part, such as Metamask — https://metamask.io
You will then need a little Ethereum for gas fees, and of course CTi tokens for staking. You can purchase CTi tokens on KuCoin here.
We are also investigating other blockchains to launch dual-staking on to help our users save on gas fees (more information on this will be announced later).
ClinTex Community
This distribution is ClinTex’s way of thanking the community for their faith in us while we develop a platform to use blockchain technology to make a real and lasting difference to medicines development.
The Clinical Trials Intelligence (CTi) platform will enable collaboration of clinical trials “intelligence” across the industry, while protecting each company’s individual intellectual property. We will be together at the forefront of a new data-driven era in the conduct and management of clinical trials that will use analytics to share learnings, thereby speeding up the conduct of clinical trials in the testing of new medicines. Our mission is for blockchain-powered analytics to break down data silos, and to speed up medicines delivery to patients with unmet medical need, at a cheaper cost to society.
About ClinTex
ClinTex are a solution provider to the pharmaceutical industry, and the team behind CTi — Clinical Trials Intelligence: a new type of software platform aimed at transforming the medicine development industry through the application of predictive analytics, machine learning, and the novel use of blockchain technology and smart contracts in clinical trials.
Our mission is to bring down the cost of medicine and improve the speed to market of new medicines for the people who need them, through vastly reducing development costs for the global pharmaceutical industry.
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