Introducing Pool-X: A New Way To Stake CTi
Due to high demand, there is now a gasless way to stake CTI!
ClinTex is nearing completion of the first CTi App — CTi-OEM (Operation Excellence Module). If you haven’t been keeping up with CTi Development Updates, CTi-OEM is on-track to be delivered during the last week of June/first week of July. We are excited to get CTi-OEM into the hands of pharma clients who can use our data analytics to enhance their operational efficiency in clinical trials.
We are currently in the middle of the CTi fair distribution staking program which began 1st April, and runs until 30th September. The staking program began on the Ethereum blockchain (ETH), but due to the level of community involvement coupled with high congestion on the Ethereum network, we listened to community feedback and made the staking program available on Binance Smart Chain (BSC). BSC was a marked improvement, but as BSC’s traffic increased transactions prices climbed too. Not to mention, many were turned off by switching from ETH to BSC. Many simply avoided staking altogether because of the complexity of using Web3-enabled cryptocurrency wallets such as Metamask or Trust Wallet. We have listened and responded to you.
CTI staking now on KuCoin’s Pool-X
As most in the community are aware of, CTi secured a listing on prominent centralised exchange (CEX) KuCoin last year, which has since come to represent the largest market of CTi volume. We are proud to announce CTi staking rewards on KuCoin. We are excited to team up with KuCoin to provide an easy way to give the exchange with the most CTI trading volume a way to partake in staking CTi directly through the exchange.
This is a continuation of the CTi fair distribution staking program, however it should be noted that the terms of the KuCoin staking program are different from the original:
Duration: 60 days
APY: 90%
Hard cap: 30,000,000 CTi
https://www.kucoin.com/news/en-cti-flexible-promotion-now-live
Differences between On-chain and CEX Staking
The KuCoin program will run for 60 days, as opposed to the 6 months of the original program. The end of the KuCoin program should coincide with the approximate release of CTi-OEM. Keep in mind that as we have stated before, when the original staking program ends on 30th September, there will be no further CTi rewards or distributions of any kind.
Staked CTi tokens on Kucoin can be unstaked at any time. The original staking program requires staking terms of one, three, or five months. If committing your CTi tokens to a lock-up made you hesitant to participate, then this program will give you peace of mind.
The yield of this event is 90% APR, but remember that this rate is annualized over a year. The staking rewards in the original staking program are calculated differently, and depend on how long the staking term is. For those community members who have long term stakes in the original staking program, don’t worry, if you staked for more than a month, your APR is higher than the KuCoin rate.
Most important is the fact that staking and unstaking any number of times is gasless, which means you won’t be paying exorbitant gas fees. You won’t have to worry about transactions that take hours, or aren’t picked up by the network. You won’t have to deal with beginner-unfriendly Web3-enabled cryptocurrency wallets.
Of course, for those of us who are wary of centralised exchanges (“not your keys, not your coins”), or you wish to maximize your potential returns, you can still use stake.clintex.io on Ethereum or BSC. You can refer to this guide on how to stake your CTi.
For the full details please head over to the KuCoin Announcements page.
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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